No. Wallit is very different from those companies, which are mostly a variation on the same old affiliate marketing models. They take a commission from brands and advertisers for finding them customers.
Wallit takes a new and innovative approach by helping you keep track of your spending money, i.e. the amount that’s left over after you’ve paid all fixed expenses and set aside some money for savings. Then, Wallit helps you decide how to spend your hard-earned money, by rewarding you with automatic cash back from our merchant partners.
We do this by shifting a portion of our merchant partners’ advertising and marketing budgets (traditionally the majority is wasted) and giving directly to consumers via cash back offers instead. Wallit’s model creates a better connection between our merchants and our members, building trust and loyalty.
Plus, most of the existing apps on the market require you to do more work, such as scan a receipt or opt-in to accept an offer. With nearby Wallit offers, from popular local restaurant and retailers, you don’t have to do a thing once you link your debit cards. Just visit your local Wallit Partner merchants and pay with your debit card. Wallit finds you cash back automatically! For online offers, just tap the Claim button in the app and we’ll take care of the rest!