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A cashback reward program is an incentive program operated by credit card companies where a percentage of the amount spent is paid back to the card holder. Many credit card issuers, run programs to encourage use of the card where the card holder is given points, frequent flyer miles or a monetary amount. This last benefit, a monetary amount, is usually known as cashback or cash back reward.
CashBag.co is a transactional cash back aggregator that enables consumers to secure discounts and cash back for shopping and transacting online at thousands of participating global merchants. For each transaction concluded CashBag members earn cash back which is collected by CashBag from the participating merchant, accrued to the member wallet and paid out in fiat to linked bank or PayPal accounts.
CashBag is more than just a rewards website, it’s a tool that helps savvy, savings conscious shoppers earn cash back and secure discounts on just about any online purchase. It’s used by active online shoppers, businesses and just about anyone that’s interested in saving when shopping online.
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Sending Tokens / Making Payments.
The token can be used to send tokens to CashBag members or make payments through smart contracts initiated by users on the CashBag platform and beyond. Within the CashBag marketplace members will be able to gift tokens, pay for services, buy products from the CashBag marketplace and eventually purchase goods from integrated merchant partners who accept payments from ERC20 wallets in general and CashBag specifically.
Trading The Token.
The token can be freely traded, exchanged and sold. CashBag will honor the crowd sale issued tokens for advertising services at the guaranteed discount rate through the smart contract rules.
The token will trade on multiple exchanges and as an ERC20 compliant token may be stored in any compliant wallet and used for purchases.
Earning Incentives.
CashBag members earn CBC each time they transact via the CashBag platform and purchase from a participating merchant. Initially, for every $1 or local market equivalent earned in cash back rewards the consumer will earn an additional 10% bonus ($0.10) in CBC.
Gamification / Rewards.
Members may earn CBC for acting on and sharing curated advertising content ranging from news stories to videos, movie or product launches. On our platform, the end user benefits directly from viewing and engaging the content and is no longer considered just a product, but becomes an active participant in the transaction process.
Debit Card.
The addition of a linked VISA / Mastercard debit card will enable members to transact globally, using CBC to purchase at real world merchants, withdraw cash and instantaneously access their funds using just in time (JIT) funding.
Pay for advertising on CashBag.
Merchants and advertisers offering services and products on CashBag can pay their advertising fees using CBC.
Advertising is paid in tokens and the token sale early adopters are guaranteed their US$ equivalent token value in advertising services in their local market.
Wallet.
CashBag members can request / send CBC between members and pay for services on the platform. The wallet is ERC20 compliant so funds can be transferred out of our ecosystem and used in other wallets.


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