Whenever a member of your #ShakeSquad makes a purchase using their Shakepay Card, everyone in the squad earns 42 bonus sats. These are called "bonus sats" because they're earned in addition to your regular Bitcoin cashback rewards.
So, the more transactions your squad makes, the more bonus sats you and your squad collect. All bonus sats will be added directly to the Bitcoin balance in your Shakepay account!
I joined a #ShakeSquad, how do I start earning bonus sats?
If you're part of a #ShakeSquad but haven’t started earning bonus sats, it may be because you have "rookie" status. This means you haven’t made a purchase with your Shakepay Card yet. Once you make your first purchase, you’ll automatically become a "contributor" and start earning bonus sats.
If you created a squad, there must be at least one other person in your squad for you to start earning bonus sats from your squad’s purchases.
Remember, your #ShakeSquad only earns bonus sats when members are making purchases. So, start using your card and encourage your squad to do the same!
Is there a minimum spend to earn bonus sats?
The minimum transaction to earn rewards is $1. Every time a member of the squad makes a purchase for $1 or more with their Shakepay Card, everyone in the squad will receive 42 bonus sats.
When will I receive my bonus sats?
You and your squad will receive bonus sats once transactions are settled. Settlement typically takes 1-2 days but may take longer depending on the merchant. Each day, you’ll receive a single deposit into your Bitcoin balance for all squad transactions settled the previous day. If no transactions settled the day before, there will be no bonus sats deposited for that day.
If you have any questions regarding #ShakeSquads or any account or transaction-related concerns, please contact our Customer Support Team through the in-app chat and we will be happy to help!