How does Dosh make money?

Question

Dosh is a rewards app. You submit your CC info, then somehow they tap into your transactions and pay something like 5% for dining at certain restaurants.I noticed the app stopped working at one my favorite local spots after they switched POS systems. I stopped and talked to the owner, and he said much to my surprise he had never heard of the app.I assumed previously that they were having the business owner pay them out, but that doesn't appear to be the case.So what is their business model? I'm curious how the system works. Thank you!

jordwest · Accepted Answer

Never heard of Dosh, but my guess based on your description is the harvesting of CC info. If they have access to your statements, they have info on your spending habits in general. Plenty of companies would pay good money for that data (anonymized or not).
Edit: Looking at their site a bit more, it looks like they keep the data for themselves and use it for marketing ads to users:
https://www.dosh.com/local
https://www.dosh.com/brands-and-retailers

samizdis · Answer

Article about it here:https://productmint.com/dosh-business-model-how-does-dosh-ma...

shoo · Answer

> I assumed previously that they were having the business owner pay them out, but that doesn't appear to be the case.In the silliest case, they might just be doing the VC funded growth thing where they're subsidising the cost of your restaurant meal with VC money in order to grow the base of users who are in the habit of using the app, without the restaurant being involved.

quickthrower2 · Answer

Kickback from those specific restaurants?