Posted by William Charles on April 26, 2017
Misc

Published on April 26th, 2017 | by William Charles

39

Dosh Review – Card Linked Loyalty Program

Dosh Review

Dosh is a new app that is currently in public beta. Dosh is a card linked loyalty program, it works as follows:

  • You link your debit or credit card (Visa, Mastercard, or Amex)
  • You’ll receive credit (“dosh”) for making purchases with Dosh partners

The credit can then be donated to charity or transferred to your bank account. They also have a travel section where you can earn credit for booking hotels, renting cars or booking activities. According to this SEC filing they raised $2,305,000 in a seed round (total investment now exceeds $6 million).

According to Dosh they have partnered with over 100,000 brands and merchants to offer their users opportunities to earn credits. Currently, it seems that the card-link offers on Dosh are all for restaurants. Card linked loyalty programs are nothing new, we have a whole post comparing the different options. Dosh runs on Empyr, along with a number of other loyalty dining programs that run on that platform (MOGL, Living Social, Swagbucks, Yelp).

The main problem with card linked loyalty programs is if they are truly set and forget then there is no added value to merchants (they aren’t getting any incremental sales). It’s also difficult to get merchants to enroll in these programs as it’s usually not possible to restrict what transactions do and don’t earn rewards (e.g you can’t restrict a purchase that uses a coupon for example).

Dosh aims to provide value to merchants by using geo-targeted offers. When there is an offer in your immediate area you’ll be alerted to that specific deal.

There are also serious privacy and security concerns. Data breaches are becoming more and more common and giving an app access to payment data can be a scary proposition. All apps and websites will state they have state of the art security, but data breaches can and still do occur.

Shopping Portal

Aside from the card-linked offers for in-store purchases, Dosh also features a robust shopping portal. Some of their rates seem decent; as always, check around to make sure you get the best rate.

Referral Program

Dosh has a referral program which usually offers $1 for the new member and $5 for the referrer. The bonuses are only given if the new member links a card in the Dosh app.

If you’re interested you can support the site and say thank you by using my link. You can also share your own Dosh referral links in this linked post (please do not share them in this post, as I’d like to keep that for discussion about the app itself).

Our Verdict

It’s impossible to judge an app before it’s actually launched and you’ve used it. I’m not a big fan of handing over payment data to an app, I’m also not a huge fan of being notified about offers that in all likelihood I have no interest in. For me this is definitely a wait and see type of app. I’d be interested to hear others thoughts in the comments below. Update: As some readers pointed out, I’m probably being overly negative. This app does have promise and could be very useful depending on the type of deals they offer.



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carl wilson
carl wilson

Hey Doc,

I share your skepticism, but I’m also cautiously hopeful we could have another winner on our hands here. The more options we have to operate in that 3rd/4th tier of rewards (rewards beyond store specific rewards programs, cc cash back, portals, etc), the better, if you ask me.

Melissa
Melissa

Please check your links. The linked post doesn’t seem to be linked and the one to use your referral to sign up just takes me to a page where I can put in my email for the public beta. Thanks.

Melissa
Melissa

Okay, just dawned on me maybe I misunderstood. I thought the referral was to get into the closed beta. Is it just so you get referral rewards down the road when we can sign up under the public beta?

Patrick Malone
Patrick Malone

It’s supposed to be that, but the referral link doesn’t really do anything other than take you to the app to download it, you don’t get anything translated into your account, for that you need a ‘Referral Code’. The person giving the link for it may get something, but you won’t, unless you have the referral code. At least that is what I am finding once I signed up and looked at it in the app.

Rexx
Rexx

Always good to see another one, especially if it stacks. I wonder what the long term will hold though. Right now a lot of places are on both Rewards Network and Mogl. If Dosh offers something similar, and Groupon and Uber finally take theirs national, I wonder how many a business would sign up for.. Although from the looks of it Dosh is more of a competitor for Ebates and Shop Your Way than for dining.

Roy
Roy

I tried linking a card to Dosh and it spit out an error saying this card was already registered with Spent. It seems they use the same network.

Stvr
Stvr

I think you’re being too harsh. This sounds fun.

Daniel
Daniel

Thanks for the heads up as always DoC. Used your link.

Phil
Phil

Were you paid for this post? Dosh seems to be emailing bloggers offering $ for a post.

Jay
Jay

It was already mentioned on numerous comments above, but just to make it clear:

Dosh is ‘powered by Empyr’, which (with respect to dining at least) puts it on the same network as MOGL, Yelp, Swagbucks and LivingSocial, so you will not be able to double-dip with those (pity, since the 10x SB is usually one of the best reward dining options available).

Jay
Jay

To add to this, it looks like the cashback rewards for Dosh dining options in my area range from 7% to 10%, which is about the same as the rest of the Empyr network programs.

Therefore I’d still prefer SB for my cashback currency, but at least Dosh is more than just dining. There are some decent online offers (most of them are redeemed by acting as a traditional CB portal, like Ibotta online shopping rebate offers), and one or two extremely promising ones that could turn out to be very lucrative…(*hint hint*. Won’t be able to judge it fully or say any more until the CB tracks and actually gets paid out, so we shall see)

Haven’t really compared the hotel rates yet, but there seem to be some very large cashback offers for some of the ones I’ve seen.

Chuck

I’m trying to search on Dosh: have you found anything other than dining for in-store cash back?

Jay
Jay

Not yet unfortunately, but hopefully that’s just temporary.

Their press releases and interviews in Feb/March implied that they’d have some sort of eBates in-store CB / Ibotta-style CB model, only better (no manual card-linking per offer, no receipt/rebate submission). I really hope that didn’t turn out to be the current “online offers” section of the app, because releasing yet another CB portal is hardly ‘industry-disrupting’ (and mobile-only to boot). Hell, it would be even more difficult than the average mobile CB portal if you had to link your CC to Dosh first before using it through the portal.

It’s still in beta though, so things are obviously likely to change at any moment. I’ll check back on the B&M offers from time to time to see if anything’s changed. Meanwhile, we’re anxiously waiting to see whether the aforementioned lucrative offer pays out 🙂

Anon
Anon

Well, they’re not paying out at the stated rate on at least one deal so take that into account.

Dillon Welch
Dillon Welch

Opened account through your referral link + added 2 cards and haven’t had Dosh post for either thing 🙁

Kristina
Kristina

Hi William –

I’d love to connect with you about the Dosh roadmap and next steps — some of which reflect these comments. Want to shoot me an email? I run their PR/Influencer programs.

Thanks!

Steve
Steve

Any updates on this situation? Are there any more merchants other than local restaurants? Have you used this app lately? Your opinion is respected.

Ernie
Ernie

I installed the app but literally couldn’t find one offer that worked for me. Well here’s hoping it improves in the future.

Sheila
Sheila

I downloaded the app today from a friends referral. My screen went to “Account Settings”. It already had a credit card number on file. NOT mine! Found out it was hubby’s. He doesn’t have the app downloaded & never has! Kinda scary…..It wont let me change it & has the statement in RED “To make this purchase, ask your organizer, ____, to provide a new payment method”. Now I’m questioning if this app is safe???

zach

I’m actuallya looking to sign up to dosh as is my wife. we use only ibotta. wills sign up with referral all I ask is you sign up to robinhood takes 5 mins and you get a free promo share worth 5.00 to 300.00 no money need be invested great site. win win.[removed]. so many great apps with free money these days!

Dan - Legal Bank Robber
Dan - Legal Bank Robber

William Charles Chuck The fuck is this

Pi-nope
Pi-nope

Dosh suspended my account and cannot be reinstated it seems. I was on vacation in the Philippines and also booked a hotel room there using Dosh. I also obtained a Philippine prepaid number and sim to access the internet including accessing the app. Then I find out I can’t transfer any money after returning to the US. This is their explanation:

Thank you for being a part of our Dosh Public Beta.

If you’ve seen a message that your account has been suspended, that we have detected potentially fraudulent activity, you can no longer access your account, then your account may have been deactivated for one of the following reasons:

Code Type

Dosh Message

Reason

VOIP or Non-US Telephone #

Uh-oh! Your account has been suspended, as Dosh only supports US-based phone numbers.

You registered with a non-US (including Puerto Rico) or VoIP or you do not reside in the United States. It is stated in our Terms of Service
Section 6(a) that you must register with a US, non-VoIP mobile phone number.

Non US Card

Uh-oh! Your account has been suspended, as Dosh only supports US-based credit cards at this time.

You registered an ineligible credit or debit card or you do not reside in the United States. Our Terms of Service
Section 6 outlines what types of cards are eligible.

Potential Fraud Activity

Uh-oh! We have detected potentially fraudulent activity in your account. Please contact customer support.

Your account has potentially fraudulent activity. Per our Terms of Service
Section 6(g), we reserve the right to suspend your account.

Travel
Uh-oh! Your account is under review due to potentially fraudulent travel activity. Please contact customer support.
You have unusual trave activity. Per our Terms of Service
Section 6(g) & 7 we reserve the right to cancel your travel services and suspend your account.

As a policy, once you have been suspended for a potential violation of our Terms of Service, the funds are returned to your account and are not available for transfer. You have the ability to ask for a review of your account. This is only for those people who believe this decision was an error. However, once you have violated our Terms of Service you will permanently be restricted from using Dosh, transfers currently in progress will be halted, and your funds will be forfeited.

I hope this information helps!

I will close this ticket now.

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