The card levies an interchange fee for processing the transaction when using the Fetch Pay system. Fetch Rewards also collaborated with "One" to handle customer service inquiries and compliance. Users can swipe their cards at any location accepting MasterCard payments. The "Fetch Pay" system operates just like any other debit card. The card allows Fetch Rewards users to accumulate points when they pay for transactions using their card. Interchange chargesįetch Rewards launched an in-house MasterCard debit card for its users in 2020. The more transactions, the lower the affiliate fee charged to the partner. Typically, Fetch Rewards structures the fee based on sales volumes through its site. The percentage commission on the transaction depends on the contractual terms agreed between Fetch Rewards and the partner. The partners reimburse Fetch Rewards every time a user buys a product and uploads the receipt to its platform. The primary revenue source for Fetch Rewards is its affiliate commission structure which it charges its participating retail partners. Let's look at the Fetch Rewards business model in detail. How Fetch Rewards makes moneyįetch Rewards makes money by charging its partner retailers an affiliate commission, known as a "referral fee." It also charges interchange fees for users that acquire products and services using its dedicated MasterCard debit card. The company offers points for a wide variety of services and goods, such as groceries, drug stores, and convenience store purchases, filling your tank at selected gas stations, or purchases at liquor, pet, and hardware stores. It's a user-friendly platform, and users snap photos of their receipts, uploading them to their accounts.įetch Rewards image recognition AI identifies qualifying receipts, issuing the user with points to reward them for using the platform. The Fetch Rewards business model operates on affiliate commissions paid by its partner retailers. Users download the Android or iOS app, earning points for uploading scans of their receipts. How does Fetch Rewards work?įetch Rewards operates a mobile shopping network rewarding users for purchasing goods from their favorite retailers and brands. Participating e-tailers include Amazon, Walmart, Shipt, Target, Costco, and Instacart. Depending on its value, the user receives points for each receipt they upload to the site. The Fetch Rewards eReceipts program allows participants to connect their email or Amazon account to their profile for online shopping. The company charges these partners a commission for bringing them business through its network of registered users.
Users register on the site and start scanning receipts for their purchases to earn gift cards and cash back.įetch Rewards partners with many retail firms, outlets, online marketplaces, and corporate partners.
Fetch Rewards is a consumer retail rewards platform.
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