What is inKind+?
inKind+ is a new product that allows guests to buy credits (and bonus credits) that can be redeemed across the inKind+ network of restaurants, bars and cafes. Where is inKind+ being launch?
We are launching this network for all food and beverage establishments in California first. If you are not in California, you are still welcome to apply and we will let you know when we launch in other states. How does my restaurant get the money from House Account sales?
You get up to 90% of the money from each House Account sold for your restaurant. 50% of the House Account purchase will be sent to you via Stripe at the closing of every week. If credit redemptions at your location exceed that initial payment, inKind will pay you 50 cents on the dollar for every redemption.
1% of account sales are donated to the Asian Hustle Network Relief Fund.
The rest is used for marketing to maximize the exposure to the inKind+ network of restaurants. What is the Asian Hustle Network Relief Fund ?
Asian Hustle Network is a California Non-Profit Organization. ANH receives 1% of all account sales. ANH will allocate 1% of sales to boost support to specific restaurants at their discretion.
Join their FB group : https://www.facebook.com/groups/asianhustlenetwork/ Why should I participate in the inKind+ network rather than setting up my own gift card system?
We believe in the power of a network and community. The more venues we have in the network, the more incentivized customers will be to participate, and the bigger the funds we can distribute to everyone. Our existing infrastructure makes every step easier for you and your customers. There is no need to manage complicated excel spreadsheets to keep track of all the redemptions when your time could be spent focusing on the business itself. Lastly, this is a great opportunity to expose your business to great customers in our community.
What happens if my rate of redemption is larger than my account sales?
In addition to receiving 50% of all the accounts sold every week, you will also be paid any accounts redeemed exceeding that 50% not including bonus credits. What are the bonus tiers of accounts that customers can purchase?
There will be three tiers: $100, $300, and $500 and the bonuses are 10%, 20%, and 30% respectively. In other words:
Customer Pay: $100 They Get: $110 in spending.
Customer Pay: $300 They Get: $360 in spending.
Customer Pay: $500 They Get: $650 in spending. When will customers be able to start redeeming their credits?
Customers will be able to start redeeming credits as early April. We understand that there are a lot of uncertainties at the moment and you may not be able to resume normal operations due to government restrictions. Don't worry, your customers will be able to redeem the credits later. Does the credit expire?
The paid value never expires. The bonus value is valid for 3 years.How do guests redeem the credits?
Once they make a purchase, they will be emailed & texted a link to download the inKind app. They simply enter the bill amount at the end of each visit and their account is charged.Can gests share the credit?
Yes! Your guests can share any amount of your credits with friends and families.