EcoCash’s new promotion seems to be flipping the finger on any budget plans you had during this festive season with their cash back promotion.
Earlier on today Econet subscribers started receiving the following texts:
Lets Go 50:50 EcoCash Bonus Cash back promotion on SEND MONEY starts today, 22/12/18. Your December target is $x. Send money to earn cash back
What exactly does this message mean?
The message itself is a bit cryptic and like most of these promotions it’s not as clear as it seems.
EcoCash’s Twitter account was bombarded with questions of what exactly this promotion meant and their response to one of the enquiries was;
Kindly note that you have the opportunity to earn something back when you transact above your set target. You get 1% on every dollar transacted above your set target plus there will be a grand draw at the end of the promotion with exciting prizes to be won. ^ZOD
Essentially you have to meet the target you’ve been sent and then once you’ve met the target you start earning 1%.
I’m not entirely sure where the 50:50 name comes from as that kind of suggests that you getting 50% back but there’s nothing of that sort here.[Update]: It seems the 50:50 is pointing to that 2% tax. Once you’ve reached your target EcoCash will be footing half of your 2% IMT tax. It makes sense after all!