WeShop
WeShop
WeShop (NASDAQ: WSHP) is a social-commerce app and shoppable community that turns everyday purchases into real company ownership. Through its SEC-registered ShareBack™ program, users ultimately receive equity in the WeShop business by shopping across 500+ retail partners with a combined catalog of over a billion products.
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About WeShop
WeShop is a social shopping app that rewards users with shares in the company through its Shareback mechanism. Shoppers earn Shareback each time they make a purchase at one of more than 500 participating retailers, and also by inviting others to the platform. A Shareback Rewards Plan Prospectus is available on the site for review.
The app works as a shopping centre on a phone, offering access to over 1.2 billion products across categories such as fashion, health and beauty, home and DIY, food and drink, travel and tech. Participating retailers named on the site include eBay, Argos, Sainsbury's, ASDA, Expedia, Currys, John Lewis, Dunelm, B&Q, Waitrose and Just Eat.
Beyond purchasing, WeShop includes community features: users can discover products, post and share their finds, and see what friends are buying. Account registration is available for the United Kingdom and the United States, and the app is free to download. The company notes that it does not provide investment advice and that the value of investments can go down as well as up.
Best for
- UK shoppers wanting rewards on everyday purchases
- Consumers interested in earning company shares
- Users who like sharing product finds with friends
Pros
- Earn Shareback on purchases at 500+ participating retailers
- Browse over 1.2 billion products in one app
- Social features for posting and sharing product finds
- Free to download
Cons
- Rewards are shares, whose value can go down as well as up
- Named retailers are primarily UK-based
- Account registration limited to the UK and US
Pricing
The WeShop app is free to download.
WeShop FAQ
- What is Shareback?
- Shareback is WeShop's reward mechanism that ultimately rewards shoppers with shares in the company for purchases made at participating retailers and for inviting others.
- Which retailers can I earn Shareback at?
- Over 500 retailers participate, including eBay, Argos, Sainsbury's, ASDA, Expedia, Currys, John Lewis, Dunelm, B&Q, Waitrose and Just Eat.
- Which countries can register an account?
- Account registration offers the United Kingdom and the United States as account locations.
- Does WeShop give investment advice?
- No. WeShop states it does not provide investment advice and recommends reading the Shareback Rewards Plan Prospectus or seeking independent advice.
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