XPayBack utilizes blockchain technology to offer a transparent cashback rewards system for both online and in-store purchases, ensuring users earn guaranteed cashback with no hidden terms. The platform addresses the need for local businesses to attract customers by providing exclusive deals and cashback incentives, enhancing customer loyalty and brand exposure.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers miss out on potential cashback rewards when shopping online and in-store, while local businesses struggle to attract and retain customers through effective loyalty programs. Existing cashback systems often lack transparency, have hidden terms, and are geographically restrictive, limiting their utility for both shoppers and merchants.
Solution
XPayBack offers a blockchain-based cashback rewards platform designed to provide transparency and guaranteed cashback for online and in-store purchases. The platform enables local businesses to attract customers by offering exclusive deals and cashback incentives, enhancing customer loyalty and increasing brand exposure. XPayBack provides a digital platform for merchants to implement full-funnel cashback strategies, monitor business performance through a data dashboard, and gain insights into online market trends. Shoppers can earn cashback on purchases made at partner retail stores, online, and through prepaid cards and gift vouchers.
Target Audience
XPayBack targets both consumers looking to earn cashback on everyday purchases and local businesses seeking to attract and retain customers through loyalty programs and increased brand exposure.
Features
- Cashback rewards for in-store and online purchases at partner merchants
- Prepaid cards that guarantee cashback on all purchases at any outlet
- Digital platform for local merchants to offer cashback and deals
- Data dashboard for merchants to monitor business performance and identify opportunities
- Mobile apps for both iOS and Android, enabling bill payments, cashback rewards, and exclusive deals
- XClusive Stores offering a seamless shopping experience with home delivery or store pickup
- Options for digital pay, e-commerce cashback, and gift vouchers