Not a serious company, too complicated
Plutus used to be straight forward cashback. But the CEO changes the rules more often than people change their underwear. Now it’s opaque ‚rewards‘ with crazy fees as high as 33%, 50%, even 90%. Forget the percentages they advertise. They are masters of false advertising and promotions, constantly at edge of being sued by disgruntled customers. Plutus manages to piss off even their most loyal customers and the CEO smears them on X. If you value peace of mind, Plutus is a no go. It’s not a serious company.
Reply from Plutus.it
Hi, Our CEO, Danial, has been vocal in crypto since 2012, openly addressing industry challenges and safeguarding our platform for loyal users. If his content isn’t for you, feel free to unfollow or block.
We’re sorry if some of the details felt unclear. Transparency is incredibly important to us, and we’re always working to ensure that the information we provide is easy to understand and readily available. If there’s any specific terms, offers, or updates you’d like us to clarify, please don’t hesitate to get in touch.
Plutus offers its unique reward services for a low-cost monthly plan starting at just £/€6.99. The fees for additional services help maintain a sustainable rewards ecosystem for all customers.
When considering fees for third-party payouts, remember the exceptional rewards you receive. For just £/€6.99 per month, a 33% payout fee is reasonable, as external use of rewards impacts sustainability. Even with the fee, you still get more value—for example, paying £/€6.99 plus the 33% payout fee can cover your subscription and more when PLU is used for prohibited services. We understand this, which is why a fair fee is charged to shift towards in-app use—protecting customers and creating a more sustainable rewards system for all.
For PlutusGifts, PLU was earned at a $1 rate, with brands offering 0% fees, making each PLU worth £/€10 in-app. With PlutusGifts, swapping $1 rewards for a £10 gift card costing £/€5 or more is an amazing deal. Even after fees, you still pocket £/€5 to £/€2 in savings, offering unbeatable value for rewards earned at a $1 rate.
We apply the same logic to PlutusSwap—since rewards are earned at a $1 rate, bulk swapping for £/€10 emissions rate is not possible. That’s why we have limits and fees, ensuring sustainability while offering unique features like card balance top-ups, a benefit that doesn’t exist elsewhere.
Rest assured, now that the transition is complete and we have achieved fair-balanced emissions and redemptions across all key utilities, the next step is to match these rates on PlutusSwap in Q2.
Please Note: Fees support our ability to provide better features, enhance service quality, and protect sustainability, ensuring long-term value for our customers.