These alternatives are in five classes:
a) Deals that are only good at the offering merchant. --"Silos"
b) Deals that offer credits ostensibly for one merchant but then accepted by other merchants --- Canadian Tire Dollars, and Merchant loaf of bread voucher. ....and no doubt Toys "R" Us currenny traded by children with other children for toys.
c) Deals with bearer currency like Ithaca hours or the eleven currencies covered in the CNN Story.
d) Deals by Phone or bearer card that are good at many merchants.
e) Crowd funding deals offered by one merchant that are siloed.
******* Not offered -- Crowd Funding way that is shared by many merchants.
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Seven Alternative Money Funding Methods.
Level One: A 15% off coupon
Level Two: Merchant promissory notes where the baker makes up script with value of a loaf of bread that he can then spend with the butcher, and the butcher can later use for bread—and other can trade --- see this video:
https://youtu.be/_dwL9lqVBxY
Level Three: Loyalty currency programs like Canadian Tire Dollars or Toys 'R' us loyalty currency – where a given single merchant give back a 5% commission in 'Play Money" that can be used at the store later – or used in other stores that might accept it, like a beer store where owner will then use the 'Play Money" to buy tires.
Level Four: Bonus points on a phone with one merchant -- Like for Einstein's bagel that only works in their stores – you load cash to spend and they give you points you can use later. Very much link Canadian Tire Dollars, but locked in the phone.
Level Five – paper currency – like the old Georgetown Dollar we previewed in this document.
https://www.documentcloud.org/documents/6188487-GTownDollarSampleLO-Res-8.html
Level Six "Cash like" with bonus points on the phone
Level Seven -- Charity like - crowd funding
... this looks like a brand new model – Bur really is not, it is just a search menu of nine crowd funding offers that have been listed on their site.)
This is a crown funding program where each merchant offers a "SILOED OFFER" for just their restaurant – is very much like the Eisenstein bakery offer on a phone.
Each merchant can make a custom offer…
ffers seem to be like this
1) Put in $100
2) Save 25% on your purchases up to total discount of $150
Looks like a total of nine business have signed up:
Here's a roster of a few of the special offers.
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Offer # 1: Shawarma Khan
THE OFFER!
We are offering our loyal customers a fantastic offer. For every $1.00 you contribute, you will receive $1.50 in rewards! For example, if you contribute $100, for every visit to any Shawarma Khan location you will receive 50% off your entire order and will continue to receive 50% off your entire order until a total of $150 in rewards are received!
Valid at all locations. Not applicable with any other offers
Bernsteins' Deli
Classic and Unexpected Deli Fare. Family-owned and operated traditional deli in the South End of Winnipeg. Bernstein's is looking to raise money to keep their staff working, along with their grocery store open, until the end of May. At that point, we hope all is back to normal so you can come down to the restaurant to enjoy a soup, sandwich, or salad.
Every dollar that we receive from you in this difficult time will be rewarded with $1.50 worth of value when we reopen our restaurant. As a supporter during this time we would like to offer you a 35% discount on all your future meals from Bernstein's, up to a maximum based on your donation. So, if you spend $100 now we will give you 35% off all of your orders until you hit $150 worth of discount. Thank you for supporting us during this challenging time!
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Loka Clothing & Accessories
BOUT THE OFFER!
We want to reward our generous customers. For any contribution over $50 we will provide 50% more benefit to your dollar through successive discounts of 25% off. For example if you contribute $50, you will receive 25% off all purchases until a total benefit of $75 has been achieved. If you contribute $100, the same 25% off will apply until a total benefit of $150 has been achieved.
**Cannot be combined with any other sale or discount and cannot be used on Smash+Tess products.
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Organic Tan Winnipeg
Every dollar that we receive from you in this difficult time will be rewarded with $1.50 worth of value when we reopen our salon. As a supporter during this time we would like to offer you a 20% discount on all your future services, up to a maximum based on your donation. So, if you spend $20 now we will give you 20% off all of your services until you hit $30 worth of discount. Thank you for supporting us during this challenging time!