How Cash Rewards® works
Cash Rewards is a time-deferred, mail-in reward program that operates much like a rebate. You’ve heard of S&H Green Stamps, Credit Card Points programs, Airline Miles and rebates on consumer electronics and cell phones. Well, the Cash Rewards programs works much the same way, but with a higher payout potential – up to $10,000 in Cash on each transaction.
In order for a Cash Reward to be given, a consumer needs to do business with one of our Cash Rewards members. After the transaction is complete, the Cash Reward recipient will need to follow certain steps as detailed on our web-based certificate issuing system, in order to collect his/her money. It’s that simple.
How is the Cash Rewards™ Program Secured?
- The Claim Fund from which cash rewards are paid is held in an escrow account in Citibank bank.
- All monies in the fund are paid either to customers who follow all the program conditions or nationally recognized charitable organizations, that receive funds that are not claimed by reward-certificate holders.
- Claim decisions are made by a fair and impartial Independent Third Party Administer (ITPA) who has nothing to gain from an unsuccessful claim.
- Cash Rewards does not control disbursements. Cash rewards is not a signer on the Claim Fund and does not collect any overages accumulated in the Claim Fund.
Why have an independent third party administrator?
ITPAs have no access to money in the fund, except through an appointed escrow agent. They have no financial connection with or interest in the fund, Cash Rewards, the Cash Rewards merchant or the customer. ITPAs have access to the Claim Fund only through an appointed escrow agent. ITPAs are contractually obligated to handle the Claim Fund in strict accordance with the program or be liable for any financial loss.
For more information about the Claim Fund and the ITPA, CLICK HERE TO VIEW THE FAQS regarding these topics.
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