Rewards
Last updated July 1, 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

Additionally, 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. If the Referee signs up on or after November 3, 2021 EST, the Referral Reward will be of $30 CAD. If the Referee signs up between December 1, 2020 EST and April 15, 2021 EST, the Referral Reward will be of $30 CAD, if the $100 CAD purchase by the Referee is done within a maximum of 30 days after signing up. If the Referee signs up before December 1, 2020 EST or between April 16, 2021 EST and November 2, 2021 EST, the Referral Reward will be of $10 CAD. If the Referee signs up between May 11, 2021 EST, and May 18, 2021 EST, the Referral Reward will be of $30 CAD, if the $100 CAD purchase by the Referee is done by or before May 18, 2021 EST. 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.

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

Streak
Rewards in satoshis
Day 1
100
Day 2
105
Day 3
110
Day 4
115
Day 5
125
Day 6
130
Day 7
135
Day 8
140
Day 9
145
Day 10
150
Day 11
155
Day 12
160
Day 13
165
Day 14
170
Day 15
175
Day 16
180
Day 17
185
Day 18
195
Day 19
200