What Services are offered by Upside and what are the costs?
The Upside cost structure explained
Upside will provide the following services to our users (Upsiders)
- Auto-Save
- Auto-Cashback
- Found-Money
- As an Upsider, there is no charge for the app and can be downloaded FREE from your respective app store
- Below is an explanation of our services and the associated service and transaction fees:
1. Auto-Save:
- This service is provided FREE of charge to Upsiders
- This is a dynamic amount that you specify on a weekly basis to save into your Upside Account and is collected via direct debit
- Follow the Auto-Save steps in the app to start saving on a weekly basis
- Auto-Saves can be started or stopped at anytime from within the Upside App
- There is no charge for the "saving" transaction regardless of the amount
2. Auto-Cashback:
- This service is provided FREE of charge to Upsiders
- Auto-Cashbacks are dynamic amounts that are earned by you as you continue shopping normally at your favourite stores
- These Cashbacks are identified and calculated from your OpenBanking data and then paid into your Upside Account
- There are no transaction fees associated with Cashbacks and in short - the more financial accounts you connect, the more data is available for you to earn savings
3. Found-Money:
- This service is provided FREE of charge to Upsiders but DOES incur a transaction fee of 15%
- Upside will go and hunt savings on your behalf based on our insights of your OpenBanking Data
- Any money found by us will be paid into your Upside Account less a 15% transaction fee
- For every new £1.00 of saving we find, you will earn 85pence saving - which means:
- If we don't find anything - it costs you nothing, but when we do, you will earn 85% of money you never had
In Summary, the more accounts you link to your Upside App via OpenBanking, the more money you will save
If you are interested in** becoming part of our ever increasing network** of Upside saving partners, please get in touch by either:
- talking to us via the Website chat function and/or
- emailing Upside with the subject: Joining the Upside Partner Scheme
Please see our Terms and Conditions and Privacy Policy for a detailed outlined of terms and conditions associated with our services.
Updated on: 24/11/2020
Thank you!
