popular
Deal Details
Check your InKind account for your mystery offer.
https://inkind.com/
- Open the InKind app
- Go to the "Rewards" tab on the lower right corner
- Claim offer
https://inkind.com/
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Check your InKind account for your mystery offer.
https://inkind.com/
- Open the InKind app
- Go to the "Rewards" tab on the lower right corner
- Claim offer
https://inkind.com/
Community Voting
Deal
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+6
Good Deal
Bad Deal
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23 Comments
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I have found multiple times that it doesn't show up immediately but upon refresh or force closing and reopenings the app it appears.
I don't think your glitch is a sign of looming bankruptcy 😆
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Even if you hit right at $100, it still makes a meal $70 after a 20% tip. Used the last $50/100 for a nice date night out at a nice restaurant. Family budget doesn't allow for that very often, so not sure I'll use this one, but it's always nice to have options.
The $5 off $10 they offered recently was great.
If you're a restauranteur, and you want to expand, or open a new location, you can finance it via a line of credit or loan from a bank at current high interest rates, or from private investors looking for an ownership stake, or now you can turn to InKind.
How it works:
You own a restaurant and need $200K in financing. InKind gives you $200K cash in exchange for $400K in dining credits. InKind then "sells" those food credits to it's app users. If somebody spends $100 worth of InKind dollars at a restaurant, InKind draws down $100 worth of food credits from that restaurant, and gives the user back 20% of what they spent, or an occasional coupon or gift card discount.
This works InKind because they spent only $50 on the food. They give back 20% in InKind dollars that expire, so after breakage maybe that's $15. That still leaves another $35 of margin for others discounts and promotions.
For the restaurant, it's a no-brainer. Food cost is typically 20-25%, so if they sell food in advance for 50% off, they get the cash flow and have still more than covered that cost. I'm also guessing that InKind-paid tabs run higher than average, so maybe they sell more high-margin alchohol and deserts.
This is why you can't use InKind dollars on tips. There is no margin on tips.
This is also why restaurants come and go from InKind. It's not that InKind is failing. It's that it's working, and their users are spending all the credits. The restaurant won't reappear until they need to expand again.
Buying Low: inKind gives a restaurant cash loan upfront. In return, the restaurant gives inKind a much larger amount of future dining credit (for example, giving $2 worth of food and beverage credit for every $1 of cash provided)
Selling High: inKind then sells or packages these credits to diners through its consumer app. Even though diners get bonus credits or cash-back perks (like 20% back), inKind profits from the overall spread between the cheap bulk rate they bought the credit for and the price consumers pay for packages or app memberships.
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If you're a restauranteur, and you want to expand, or open a new location, you can finance it via a line of credit or loan from a bank at current high interest rates, or from private investors looking for an ownership stake, or now you can turn to InKind.
How it works:
You own a restaurant and need $200K in financing. InKind gives you $200K cash in exchange for $400K in dining credits. InKind then "sells" those food credits to it's app users. If somebody spends $100 worth of InKind dollars at a restaurant, InKind draws down $100 worth of food credits from that restaurant, and gives the user back 20% of what they spent, or an occasional coupon or gift card discount.
This works InKind because they spent only $50 on the food. They give back 20% in InKind dollars that expire, so after breakage maybe that's $15. That still leaves another $35 of margin for others discounts and promotions.
For the restaurant, it's a no-brainer. Food cost is typically 20-25%, so if they sell food in advance for 50% off, they get the cash flow and have still more than covered that cost. I'm also guessing that InKind-paid tabs run higher than average, so maybe they sell more high-margin alchohol and deserts.
This is why you can't use InKind dollars on tips. There is no margin on tips.
This is also why restaurants come and go from InKind. It's not that InKind is failing. It's that it's working, and their users are spending all the credits. The restaurant won't reappear until they need to expand again.
I've seen many restaurants go out of business...it's a hail mary for them.
I have no idea how many users are "slick deal" types that maximize savings...if restaurants are pay 50 cents on the dollar for food, Inkind is losing money on us. Or at best breaking even.
I've enjoyed it, but expect it to either devolve into something terrible like the entertainment coupon book or go out of business altogether.
Enjoy it while it lasts!
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Share your experience with the Slickdeals community
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