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Rewards

Last updated December 12, 2022
If you have a Shakepay account, you may be allowed to earn certain rewards as part of one of our rewards programs. For any of the programs detailed below, all relevant sections of the Terms of Use shall apply, including but not limited to definitions, the warranty and the limitation of liability sections. Shakepay reserves the right at any time to modify, suspend or cancel the rewards, the use of Referral Codes (as defined below) or participation in any rewards program for any or all Shakepay customers, at its sole discretion and without prior notice.

Shakepay Platform Referral Program

When you sign up for Shakepay, you will have access to a unique code and/or URL which includes the unique code (the “Referral Code”) that allows you to refer a friend to Shakepay and earn rewards (the “Referral Program”).

Advertising the Referral Code

You may share your Referral Code in any manner you deem appropriate, as long as you conform to this section. You may share the Referral Code through various sharing functions of your mobile device, your website, share it through email or other communication means, or embed it in graphical advertisements (“Ads”). Shakepay reserves the right, at its sole discretion, to demand the cessation of your use of any Ad, whether it violates a prohibition in this section or not. You shall be responsible for ensuring that your Ads do not violate or infringe upon any laws or the rights of any third party. We will not be responsible for any use of the Referral Code in your Ads. You may use the Shakepay name and logo only in the context of your use of the Referral Code or creation of Ads, and in conformity with all the obligations in this section and any other rules communicated to you.
When using the Referral Code or the Shakepay name and logo, you represent and warrant that you shall not:
  1. 1.
    violate any law, including Canadian or any other anti-spam legislations; and,
  2. 2.
    violate any third party right, including any intellectual property right; and,
  3. 3.
    promote, advocate or include violence, racial intolerance, gambling, illicit drugs, hacking or other nefarious technological activity, illegal activity or infringement on the legal rights of others; and,
  4. 4.
    misrepresent to the public anything related to Shakepay.

Shakepay Platform Referral Rewards

A one-time reward (the “Referral Reward”) shall be credited into both your and the Referee’s account within 5 business days of the purchase by the Referee of digital currency worth $100 CAD or more, in one or multiple transactions. The Referral Reward will vary depending on the Referree sign up date, as outlined below:
Referee sign up date
Referral Reward ($CAD)
Before December 1, 2020
10
Between December 2, 2020 and April 15, 2021*
30
Between May 11, 2021, and May 18, 2021**
30
Between April 16, 2021, and November 2, 2021
10
Between November 3, 2021 and September 30, 2022
30
As of October 1st, 2022
10
*provided that the purchase of digital currency worth $100 CAD or more is done within thirty (30) days following Referee sign up.
**provided that the purchase of digital currency worth $100 CAD or more is done by or before May 18, 2021.
You may earn many Referral Rewards, one for every Referee that purchases in digital currency the equivalent of $100 CAD or more. In order for you and the Referee to have access to the Referral Reward, the Referee must indicate your Referral Code during their account creation process, or must contact Shakepay support team up to a maximum of 30 days after the creation of their account.

Promotional Shakepay Referral Rewards

Shakepay may also, from time to time, establish special, one time referral rewards programs by which individuals may sign up to the Shakepay Platform using a specific link and/or referral code provided by Shakepay, and earn certain rewards (each, a “Promotional Reward”). Shakepay will determine the value of the Promotional Reward and any additional conditions that may apply to enable you to redeem the Promotional Reward - in such case, documentation associated with the Promotional Reward (“Promotional Materials”) will outline relevant additional details. Any such Promotional Reward shall be credited to your Shakepay account within five (5) business days following the fulfillment of any conditions described in the Promotional Materials. Promotional offers may be terminated and/or revoked by Shakepay at any time, without notice, and will only apply for new accounts created using the promotional code or link during the promotion period, as outlined in the associated Promotional Materials.

Shakepay Card Rewards Program

Card Rewards

Starting December 8, 2021, at 11:59 pm EST, all users that have a Shakepay Card (“Card”) will earn Bitcoin cashback rewards (the “Card Rewards”) on all purchases made with the Card. The Card Rewards will be two percent (2%) for up to a maximum of CAD $5,000.00 of purchases, after which the Card Rewards will be one percent (1%). All rewards are settled directly to the Bitcoin balance of your Shakepay account.

Boost your Card Rewards

From December 8, 2021, and until February 8, 2022 10:00am EST, your Card Rewards will increase by one percent (1%) for each Shakepay user that you invite to the Card, for up to a maximum of two (2) users. For clarity, if you invite one (1) Shakepay user to the Card, your Card Rewards will be three percent (3%) on all purchases done with the Card from the moment the user you invited obtains the Card; and if you invite two (2) Shakepay users to the Card, your Card Rewards will be of four percent (4%) on all purchases done with the Card from the moment the second user you invited obtains the Card. This promotion will be valid throughout the whole period, or up to a maximum of CAD $5,000.00 of purchases.
Shakepay Visa prepaid card is issued by Peoples Trust Company pursuant to licence by Visa Int. *Trademark of Visa International Service Association and used under licence by Peoples Trust Company.

#ShakeSquads Bonus Rewards

Shakepay allows you to create groups (“Squads”) with other Shakepay customers to earn additional rewards (“ShakeSquad Rewards”).
If you have a Card, you can create a Squad, or you may join a Squad to become a “Squad Member”. If you received an invitation to join a Squad but you do not have a Card, you must register for the Card in order to accept the invitation to the Squad. You may only be a part of one Squad at any time, and you can leave a Squad at any time.
Members of a Squad are split into two categories: Contributors and Rookies. A “Contributor” means a Squad member that has made at least one Card purchase. A “Rookie” means a Squad member that has yet to make a purchase with the Card. When a Rookie makes a Card purchase while part of a Squad, they will be automatically upgraded by Shakepay’s software to become a Contributor. A purchase of any size will qualify someone for the upgrade to Contributor.
Rules for ShakeSquad Rewards:
  1. 1.
    Each Card purchase made by a Squad Member will result in a ShakeSquad Reward being awarded to all of the Squad Members who are Contributors of the Squad (but not Rookies) at the moment the transaction is settled; and,
  2. 2.
    The ShakeSquad Reward amount will be fixed by Shakepay, denominated in Bitcoin and will be awarded once per day; and,
  3. 3.
    Shakepay may change the fixed reward amount at any time; and,
  4. 4.
    Shakepay shall limit the maximum number of Squad Members and may change the limit at any time;
  5. 5.
    Shakepay may pause or discontinue ShakeSquad Rewards or stop allowing new Squads to be created at any time; and,
  6. 6.
    Shakepay may close a Squad or remove Squad Members if it believes there is suspicious or fraudulent activity, a breach of any of the legal terms applicable to Shakepay services, or for actions that disrupt the community spirit of Shakepay by interfering with the enjoyment of other people of the ShakeSquad Rewards or any other rewards established by Shakepay.

Shake It Forward

Shake It Forward (“SIF”) is a unique rewards program that permits each Shakepay customer to “pay it forward” when they make a purchase. Unlike our other rewards programs, SIF is a shaker-to-shaker program: it’s peer-to-peer rewards that you will automatically receive, but you must opt-in to give (at the time that you make a purchase using your Shakepay Card, or at any other time). SIF is entirely optional and there is no penalty or any negative consequence to choosing not to participate in SIF as someone who pays it forward.
If you choose to participate in SIF, Shakepay will allow you to choose an amount of your CAD balance to be allocated to the payment of a purchase of a corresponding amount by another shaker, randomly chosen by Shakepay. Shakepay acts as your agent to find another Shakepay customer, and then deduct the amount of money that you’ve selected from your account and transfer it to the other person through a peer-to-peer money transfer.
This means that after each purchase, or at any time while browsing your application, you can choose an amount, of a minimum value of $1 CAD, and decide to allocate it to SIF. When you do this, the chosen amount is automatically debited from your CAD balance and held by Shakepay, until a shaker makes a purchase of a similar amount. That other shaker will receive a note explaining that their purchase has been covered by you.
By deciding to use SIF, you understand and agree that:
  1. 1.
    Your shaketag will be disclosed to the person who will have their purchase paid for by your donation;
  2. 2.
    You cannot choose which person the amount will be forwarded to, nor on which purchase the amount will be applied;
  3. 3.
    Shakepay is not required to, and will not, disclose the identity of any participant in the SIF program. Hence, unless the recipient contacts you to thank you, you will never know who received your money;
  4. 4.
    Every amount you choose to SIF is non refundable and non cancellable.
The goal of this initiative is to encourage kindness in our community of shakers. As such, any hateful messages or note sent through the “thank you” option that violates our Terms of Use may be sanctioned, at Shakepay's sole discretion.
Shakepay’s role in SIF is only as your agent, which you appoint at the time of your decision to pay it forward. You agree that Shakepay’s liability to you as your agent shall be strictly limited to $50. Like all of Shakepay’s rewards programs, Shakepay may choose to suspend discontinue the SIF program at any time, at its sole discretion, with or without prior notice to you.

SecretSats Rewards Program

Shakepay may decide to organize certain challenges that will qualify for rewards upon completion (each one a “Challenge”), as part of our SecretSats Rewards Program. Each Challenge will have steps to follow to be considered "complete", conditions that may apply and a reward for completion. Shakepay may cease offering a Challenge at any time; in such case, Shakepay will try to notify you in advance to allow you to complete a Challenge before it is discontinued. No rewards will be given for Challenges that are not completed by the date of discontinuation.

ShakingSats Program

ShakingSats Rewards

Shakepay shall track the use of the Referral Code and attribute any new customer that signs up to Shakepay using your Referral Code (the “Referee”). In order for you and the Referee to have access to the ShakingSats program (the “ShakingSats Program”) and its rewards (the “ShakingSats Rewards”), the following must occur:
  1. 1.
    you must download the Shakepay mobile app and have your Shakepay identity verified by Shakepay; and,
  2. 2.
    you must refer a Referee; and,
  3. 3.
    the Referee must create a verified Shakepay account after your referral; and,
  4. 4.
    the ShakingSats page will indicate the ShakingSats Program is in effect; and,
  5. 5.
    you (and the Referee) can now open the Shakepay mobile app and “shake” your device (seriously, shake it!). A message will pop up in the Shakepay mobile app when you have successfully earned the ShakingSats Reward.
ShakingSats Rewards are given once per calendar day. On the first day, you will be on Day 1 in the ShakingSats Rewards Table below, and if you shake your device you will be rewarded with the Day 1 ShakingSats Reward. If you shake again on the next day, you will be rewarded with the Day 2 ShakingSats Reward. And so on until you reach Day 365. If you continue to shake after Day 365, you will earn the Day 365 ShakingSats Reward for each additional day you keep shaking. If you fail to shake your device on any calendar day (Eastern Time), the next time you shake your device you will come back to Day 1 and the Day 1 ShakingSats Reward.
ShakingSats Rewards shall be deposited into your Shakepay Bitcoin wallet.

ShakingSats Rewards Table as of October 1st, 2022

Streak
Rewards in satoshis
Day 1
50
Day 2
55
Day 3
60
Day 4
70
Day 5
75
Day 6
80
Day 7
85
Day 8
90
Day 9
100
Day 10
105
Day 11
110
Day 12
115
Day 13
120
Day 14
125
Day 15
135
Day 16
140
Day 17
145
Day 18
150
Day 19
155
Day 20
160
Day 21
165
Day 22
170
Day 23
175
Day 24
185
Day 25
190
Day 26
195
Day 27
200
Day 28
205
Day 29
210
Day 30
215
Day 31
220
Day 32
225
Day 33
230
Day 34
235
Day 35
240
Day 36
245
Day 37
250
Day 38
255
Day 39
260
Day 40
265
Day 41
270
Day 42
275
Day 43
280
Day 44
285
Day 45
290
Day 46
295
Day 47
300
Day 48
305
Day 49
310
Day 50
315
Day 51
320
Day 52
320
Day 53
325
Day 54
330
Day 55
335
Day 56
340
Day 57
345
Day 58
350
Day 59
355
Day 60
360
Day 61
365
Day 62
365
Day 63
370
Day 64
375
Day 65
380
Day 66
385
Day 67
390
Day 68
395
Day 69
395
Day 70
400
Day 71
405
Day 72
410
Day 73
415
Day 74
420
Day 75
420
Day 76
425
Day 77
430
Day 78
435
Day 79
440
Day 80
440
Day 81
445
Day 82
450
Day 83
455
Day 84
455
Day 85
460
Day 86
465
Day 87
470
Day 88
470
Day 89
475
Day 90
480
Day 91
485
Day 92
485
Day 93
490
Day 94
495
Day 95
500
Day 96
500
Day 97
505
Day 98
510
Day 99
515
Day 100
515
Day 101
520
Day 102
525
Day 103
525
Day 104
530
Day 105
535
Day 106
535
Day 107
540
Day 108
545
Day 109
545
Day 110
550
Day 111
555
Day 112
555
Day 113
560
Day 114
565
Day 115
565
Day 116
570
Day 117
575
Day 118
575
Day 119
580
Day 120
585
Day 121
585
Day 122
590
Day 123
590
Day 124
595
Day 125
600
Day 126
600
Day 127
605
Day 128
605
Day 129
610
Day 130
615
Day 131
615
Day 132
620
Day 133
620
Day 134
625
Day 135
630
Day 136
630
Day 137
635
Day 138
635
Day 139
640
Day 140
640
Day 141
645
Day 142
645
Day 143
650
Day 144
655
Day 145
655
Day 146
660
Day 147
660
Day 148
665
Day 149
665
Day 150
670
Day 151
670
Day 152
675
Day 153
675
Day 154
680
Day 155
680
Day 156
685
Day 157
685
Day 158
690
Day 159
690
Day 160
695
Day 161
695
Day 162
700
Day 163
700
Day 164
705
Day 165
705
Day 166
710
Day 167
710
Day 168
715
Day 169
715
Day 170
720
Day 171
720
Day 172
725
Day 173
725
Day 174
730
Day 175
730
Day 176
735
Day 177
735
Day 178
740
Day 179
740
Day 180
740
Day 181
745
Day 182
745
Day 183
750
Day 184
750
Day 185
755
Day 186
755
Day 187
760
Day 188
760
Day 189
760
Day 190
765
Day 191
765
Day 192
770
Day 193
770
Day 194
770
Day 195
775
Day 196
775
Day 197
780
Day 198
780
Day 199
785
Day 200
785
Day 201
785
Day 202
790
Day 203
790
Day 204
790
Day 205
795
Day 206
795
Day 207
800
Day 208
800
Day 209
800
Day 210
805
Day 211
805
Day 212
810
Day 213
810
Day 214
810
Day 215
815
Day 216
815
Day 217
815
Day 218
820
Day 219
820
Day 220
820
Day 221
825
Day 222
825
Day 223
830
Day 224
830
Day 225
830
Day 226
835
Day 227
835
Day 228
835
Day 229
840
Day 230
840
Day 231
840
Day 232
845
Day 233
845
Day 234
845
Day 235
850
Day 236
850
Day 237
850
Day 238
855
Day 239
855
Day 240
855
Day 241
860
Day 242
860
Day 243
860
Day 244
860
Day 245
865
Day 246
865
Day 247
865
Day 248
870
Day 249
870
Day 250
870
Day 251
875
Day 252
875
Day 253
875
Day 254
875
Day 255
880
Day 256
880
Day 257
880
Day 258
885
Day 259
885
Day 260
885
Day 261
890
Day 262
890
Day 263
890
Day 264
890
Day 265
895
Day 266
895
Day 267
895
Day 268
895
Day 269
900
Day 270
900
Day 271
900
Day 272
905
Day 273
905
Day 274
905
Day 275
905
Day 276
910
Day 277
910
Day 278
910
Day 279
910
Day 280
915
Day 281
915
Day 282
915
Day 283
915
Day 284
920
Day 285
920
Day 286
920
Day 287
920
Day 288
925
Day 289
925
Day 290
925
Day 291
925
Day 292
930
Day 293
930
Day 294
930
Day 295
930
Day 296
935
Day 297
935
Day 298
935
Day 299
935
Day 300
935
Day 301
940
Day 302
940
Day 303
940
Day 304
940
Day 305
945
Day 306
945
Day 307
945
Day 308
945
Day 309
945
Day 310
950
Day 311
950
Day 312
950
Day 313
950
Day 314
950
Day 315
955
Day 316
955