What is inKind+?
inKind+ is a support network and group fund for restaurants. Any restaurant that joins the group will offer gift cards that can be redeemed across the entire network. How does it work?
Each time a gift card is purchased, the money goes into the inKind+ fund. Every week, 50% of the purchases gets distributed up-front to all restaurants. Then the fund gives restaurants $0.33 for every $1.00 redeemed at your restaurant. This will provide you with the immediate relief you need as well as steady liquidity when you resume regular operations.How do gift cards get sold?
Gift cards can be purchased at inkind.com/giftcard
. All restaurants are responsible for selling as many gift cards as possible to their customers via social media and email (we'll send you sample marketing assets to share with your networks). We will also use our personal networks to get national press for this initiative so more people are introduced to the gift cards.Does the gift card expire?
The gift cards do not expire, but the bonus credit given to the customer does expire in 3 years.How do guests redeem the gift cards?
Once a customer buys, he or she will be emailed & texted a link to download the inKind Mobile App. They enter the bill amount at the end of their visit to your store and their account is charged.Can Guests share the credit?
Yes! Guests can share any amount of their credit with friends and family. 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, please still apply. We will launch in places where we have the most number of applicants. 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 more funds we can distribute to everyone. Customers can be assured that even if some of the restaurants in the group do not reopen, they can still use their gift cards.
This is also an opportunity to expose your business to great customers in our community. What are the bonus tiers of accounts that customers can purchase?
There will be three tiers: $100, $500, and $1000. Bonuses are 10%, 20%, and 30% respectively. In other words:
Customer Pays: $100. They Get: $110 in spending.
Customer Pays: $500. They Get: $600 in spending.
Customer Pays: $1000. They Get: $1300 in spending. When will customers be able to start redeeming their credits?
Customers will be able to start redeeming credits on April 15. 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.