Bit surprised I hadn’t heard anything on this yet from the sub. BIGtoken, [a relatively new app that was previously introduced a month ago to /r/beermoney](https://www.reddit.com/r/beermoney/comments/aoi6t0/bigtoken_beermoney_app/) finally released the first version of their cashout today (it’s only 10:40pm here whaddaya want?). However, in the image below it’s… rather underwhelming…
Cashout screen: https://i.imgur.com/gx1JlIt.png
Image transcription being:
> You can only redeem once every 30 days
> You can only redeem 25% of your total points
> You must have a minimum of 2,100 points or $21.00
> You must have a verified U.S. phone number
> You must have a U.S. PayPal account
> You can now redeem your points for cash in the BIG app with a U.S. PayPal account and a verified U.S. phone number! We’re so excited to have this feature up and running, and we know you are too.
> This is just the first redemption option we have available, but more options are coming soon, so stay tuned!
Now opinion time – I absolutely hate cashout limitations and large minimums. Matter of fact, this is the most strict cashout system I have seen yet, barring a lot of scams or legitimate trash platforms. This prevents the user from being able to fully remove themselves from the program in the event that **A.** the developers make negative changes to the program, or **B.** the user simply outgrows the need or the desire to continue using said program.
A cashout system like this, in my opinion, will actively prevent new users unless there’s some outstanding level of proven return. And frankly, I haven’t seen an iota of indication that this app is going to wind up being more than the $0.15 to $0.30 a day it’s currently worth (as my personal range which does differ between users depending on demographics) after the mass of points during the first couple weeks.
I’m going to continue using the app and belay cashout for a bit because… frankly I have 2,500 points and wooo boy you can’t even cashout in increments lower than $5 or $10, and, thankfully, $4.75 is not going to break the bank for me like it used to. However, I’m hoping they introduce more options like they appear to be promising because this is not beneficial to the longevity of their platform.
Cashout tiers (not including above $25): https://i.imgur.com/mUZFBGo.png