Innovation in technology has allowed the end-consumer to take control over gasoline prices like they never before. Get Upside is one such app that gives both consumers and gas station representative’s control at the micro-level. This is a market that always was ripe for the taking, and investors who had the foresight to invest in this technology are already making profit over it.
The way gas stations typically compete with each other is by constantly fluctuation the price of fuel by the cent. Consumers have been observed to frequently travel out to far off locations just so they could derive benefit from these little discounts (which noticeably add up overtime). When a gas station on a crowded cluster gets wind of such a price change, it immediately follow suit and drives down the price accordingly; they don’t want to lose out on die hard drivers obsessed with the lowest gasoline prices..
The more gas stations there are in one area, the better would be the competition. For instance, an area with more packed and dense group of gas stations will have more competition that one in which there are fewer. For this reason prices vary widely from one town to another.
Reinventing the wheel
Get Upside ‘exploits’ this by bargaining gasoline price discounts at individual gas stations and then posts them on a map accessible from a convenient smartphone app. These prices are not displayed on gas station signs, which mean that users won’t know them without using the app. All users have to do is download this app and take a picture of their receipts to claim savings.
The free GetUpside app gives customers personalized and unique discounted prices from several hundreds of gas stations. These discounts and savings are accumulated in the online Get Upside account and can be taken out via check or PayPal. Users will have to pay with a credit card to fill up and will have to keep the receipt. They can submit this through their app. A few hours later, the cash back will show up on their account.
The option to cash it out becomes available once they reach $15 or more. It gives them tangible evidence that they are making real savings. Referrals to friends and families can also help users earn with their cash back.
There have been apps that are already been giving consumers more control over their daily expenses and to earn cash back to pump gas at their neighboring stations, but what makes Upside different is how it works directly with gas stations to bring business their way.
Using the app allows consumers to get free money on a commodity they are going to spend anyway. Since its launch in 2016, GetUpside users have been able to save more than $3 million, earning an average of over $120. The company responsible for making the app, Upside Services Inc, is able to operate by keeping a small fraction of what the consumers are saving when they use the app.
Upside has support from a strong list of backers
Upside is already getting backed up by high profile individuals from exclusive corners of Silicon Valley. Their chief backers include Formation 8, a venture firm founded by former chief technology officer of Facebook Gideon Yu. Google’s chief economist, Hal Varian is also reportedly providing funding and mentoring to the company.
Participating stations
Upside is able to make use of this competition by offering its services to only one station in each area. This shuts out competitor gas stations that will have no idea of what the true price offered by the app really is. Upside achieves this by obscuring the discounted price offered to each individual user. This virtually eliminates the possibility of gas stations engaging in price wars with each other because rival stations wouldn’t know how by much they are being undercut.Getupside is currently available in: New York, Florida, Virginia, D.C, Maryland, North Carolina, South Carolina, Pennsylvania, and Texas coming soon.
Get Upside is continuously updating their roster of gas stations and have so far accumulated a total of 3500 gas stations. Over 100,000 users have installed this app in Google’s Play Store with an average rating of 4.5
Using discounts and promo codes(DP4EG).
People will always purchase gas, so why not give them more ‘control’ over gas prices and give small discounts? It is so feasible.
Users can also opt to use their saved money to get even more discounts on food prices on convenience store items and other services.
The next time that you use Get Upside, use this promo code to get a 20 cents per gal bonus: DP4EG. https://upside.app.link/DP4EG. You don’t have to take our word for it, just scroll down over to the screenshot for evidence that this promo code really does work!
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