New Money Maker? DOSH
You’ve all seen it.
The Facebook Group is FULL of Dosh links that we’re deleting as fast as we can (because referral links aren’t allowed in the group), but they’re still popping up everywhere. I have been messaged and emailed and tagged so many times about it, and I bet it’s all over your friends’ walls.
Dosh. It’s an App that you download to your phone and then you earn cash back when you buy things. Sounds exactly like iBotta, ShopKicks, Receipt Hog and so many others. But it’s different. Why?
The biggest thing is ease of use.
You don’t have to scan it or upload your receipt. In fact, it doesn’t require you to “do something”. Because we all know that we’re not that good at doing the thing and then we miss out on the cash back.
With Dosh, you don’t have to do anything. You just load a card onto the app and then when you use the app at any qualifying store, you get money. And you get $5 when you load your card into the app. Ok, fine. I’ll take $5 for free and see how this goes.
But is that enough of a reason for EVERYONE to be sharing it?
It’s a cool idea, good premise. But seriously, why are people all over this thing? Well, the answer to that is short term gain.
Dosh is temporarily offering to give you $15 when you refer a friend and they load a card and actually earn some cash back with it. No limit. People are earning hundreds of dollars with this thing and everyone is jumping on board.
It’s actually a pretty decent set-up. As far as referrals go.
I give you my link (yup, that’s really it, I’m in), you sign up. They give you $5 to load a card so you actually do it. Then you don’t have to do anything else and you earn cash when you use your card like you normally would. Then I get $15. So I keep wanting to share this all over the place and even tell you, “Hey, why don’t you start sharing this thing? It’s Awesome, look at all my dollars I’ve gotten from them.” Then you start sharing it. Dosh gets attention, they have hand with merchants and they get somewhere in the world.
Or maybe this is some scam to get all our credit card numbers.
Well, it could be. I mean, it’s not outside of the realm of possibility. But I’m betting you’ve had a credit card number stolen before. I have. And while it’s annoying, it’s not really that big of a deal. All my credit cards have checks and balances and they handle situations in seconds. They refund all the charges that weren’t really me and they handle the whole thing. I just had to get a new credit card number. Which was, like I said, annoying, but not the end of the world. So, where would the benefit to Dosh be to steal hundreds of credit card numbers? No, their idea feels legit. It feels too good to screw up with stealing credit card numbers. Of course, they may be hacked, but if they have all this money to give away, they have money for security.
So, I bit.
I just signed up so I don’t have a heck of a lot of experience to give you, but I did make $5 for putting my credit card in. And I thought you might like to hear from someone who has made this work to help her Disney fund grow. Kyana Welty has been using Dosh for a few weeks and she’s made a couple hundred bucks for Disney. Another friend told me she’d made $700! And if those screen shots above are to be believed, this is working for a lot of people, but only for one more week and then its back from $15 to $5 referrals. So if you’re gonna jump, jump now!
Without further ado, here’s the story from Kyana:
Hello, Smart Moms (and dads)!
Since we all love Disney and are looking for more ways to save why not try Dosh?
Dosh is a cashback site that gives you money for shopping online or locally. What makes Dosh unique from the other cashback sites is their referral program.
Usually, when you join other sites your referral must spend money for you to receive an incentive. With Dosh, all you have to do is refer somebody and they link their credit or debit card for you to receive a payment. [Note from LJ, it’s my understanding that the normal terms state that they need to make a purchase, but this promotion is different. Back to Kyana]
Dosh’s standard referral bonus is $5
But currently they’re running a promotion through January 21st where you receive $15 for each person who signs up and links their debit or credit card.
When I signed up back in December they had the same promotion and I’ve already made $206 (this doesn’t include my pending referrals). You also earn $1 for each credit or debit card (no prepaid cards) you link that isn’t already linked to Swagbucks. I’ve found that Dosh’s percentage payout is greater than Swagbucks Local in my area, so I unlinked my cards and applied them to Dosh.
Okay so let’s do the math of how I earned $206 in one month.
I used one of my friend’s referral codes $5, linked all my cards $12, referred 8 family and friends $120, shopped $34 and hotel stay $35. Along with the $15 promotion, they also are giving each user $25 on their first hotel booking, which is added to the percentage payout for staying. This includes hotels in the Disney Resort area!! I just searched Lake Buena Vista with dates from January 26-1 and Wyndham at Disney Springs resort area pulled up. If I booked this stay I would receive $153.05 cash back. If you booked the stay you would receive $178.05 cashback which includes $25 for your first booking.
Smart Moms, don’t wait to sign up.
They get so many referrals during the day that sometimes they reach their max and you can’t enroll until the next day. You can’t beat the promotions. Just for signing up, referring somebody and linking your card you have made $21 and didn’t have to spend a dime. You can cash out at $20 through PayPal or your bank account. I’ve received all my cash back within 48 hours. As I’m typing another referral has gone through and I made $15.
Final note from LJ:
So that’s it, I don’t have a ton of info, but I think this could be good for a lot of us. Sign up, share on your wall, message friends who you think will be interested. Earn some referral money. Use our other strategies and make that money go even further.
If you’re the type of person who’s interested in this post (smart, frugal, interested in money), you’ll probably love my book. It’s all about being smart with money in connection to Disney World. You can check it out here!
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