What can you tell about Business Model and Marketing of REME-Coin?
The huge market potential outlined in the first section and the above-mentioned problems of already existing cashback systems open up enormous opportunities for repay.me: repay.me has set itself the goal of responding to the great need for saving opportunities when shopping more consistently and better than all other cashback companies. With this goal in mind, repay.me has developed a completely new cashback marketplace, which is scheduled to go online in the first half of 2018.
Among others, repay.me's new marketplace offers the following advantages:
• Up to 100% cashback: repay.me customers can influence how quickly and how much cashback flows back into their wallets for all their purchases on repay.me. repay.me users can influence the amount of their cashback payments through various platform activities, such as inviting new active users, participating in surveys or writing helpful product reviews. Even after the first purchase, users receive cashback payments in daily amounts. This happens until up to 100 percent of their purchases are fully re-paid.
• Unlimited cashback on everything: repay.me allows up to 100 percent cashback for both online and participating offline stores (boutiques, restaurants, etc.) and also for used items.
• Unlimited marketplace: The repay.me marketplace not only allows online retailers to place their products free of charge, but also enables offline shops to participate with their product diversity. The marketplace is also a platform for new and used articles.
• Real-time cashback and fast payout speed: Of course, repay.me can only pay out money that has actually been collected and can no longer be claimed back. For example, it can take several weeks until repay.me receives the advertising revenues. In order to increase the payout speed, repay.me introduces the REME-Coin, which makes it possible to pay out advertising revenues immediately as cashback. For repay.me users, the coin, as part of the cashback amount, is available in their wallet app within 24 hours.
• Maximum cashback without searching for coupons: With repay.me, you don't have to search for coupons or compare discounts, but instead receive up to 100 percent cashback for all purchases.
• Up to 100 percent cashback in all categories: In the technical segment, for example, cashback quotas of an average of only one to two percent are common. With repay.me, the cashback is not only paid out of the seller's margins. Thus, repay.me can distribute considerably higher amounts even in categories with usually low margins and low cashback.
• Low fees: repay.me offers sellers lower fees than other well-known marketplaces. This, together with the competitive situation in the marketplace, leads to significantly better prices for end customers and makes it less stressful for sellers.