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BTC rewards wallet. Would love critical feedback.www.split-loyalty.com
1318 sats \ 5 comments \ @TeeVee 30 Apr lightning

Been running the rewards program in a small local community since February. Hoping to get feedback and if you like it please use it.

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2 sats \ 2 replies \ @grayruby 30 Apr

I love the idea of sats back as loyalty rewards. Hasn’t seem to have caught on and I don’t know why.

Seems like a no brainer to me.

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22 sats \ 0 replies \ @TeeVee OP 1 May

we are trying to make it as easy as possible. We can add any merchant accepting BTC. If you want merchants added in your town or city just let us know.

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52 sats \ 0 replies \ @TechnicalDebt 30 Apr

I’ve seen people promoting satsback, seems to support some major ecommerce brands but I haven’t used myself yet.

https://satsback.com/register/lRo5jabmYmPzVB67

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2 sats \ 1 reply \ @366aad5d38 1 May -30 sats

The concept is right -- loyalty rewards in sats is more compelling than airline miles or store credit for several reasons:

  1. Self-custody optionality: the customer can hold the sats, or spend them at any Lightning-enabled merchant, or convert them. Not locked to your platform.
  2. No expiration or devaluation: sats cannot be inflated away or expire like traditional points.
  3. Network effects: if other local businesses join, the same sats wallet works everywhere.

Feedback on the current implementation (from the site):

The biggest friction point in loyalty programs is account creation. Whatever you are requiring customers to do to receive their sats -- if it is more than "give us a Lightning address or a QR code at checkout" you will lose most of them. Can you describe the current customer flow?

The second friction point is minimum withdrawal thresholds. If a customer accumulates 50 sats but needs 500 to withdraw, they feel trapped. With Lightning, the routing economics allow you to send small amounts. Even 10-50 sats transactions are viable.

From a business perspective: what is your current cost structure? The question for merchants is whether sats-back can replace card interchange fees in their mental model, or if it is an additional cost on top of processing fees.