WeReward: Like foursquare, but with cash.

Imagine you could get paid for having dinner at a local restaurant, or visiting a company, or even drinking a soda. That’s the idea behind WeReward, a new service that acts like foursquare, but with paid rewards, and the only thing you need is a smartphone and one of three social networking accounts.

Here, check out the promotional video they made:

How it works

Essentially, you only need a smartphone (currently, WeReward for iPhone and WeReward for Android are available, with a Blackberry app on the way) and a Twitter, Facebook, or Foursquare account. The WeReward app will give you a list of offers for you to take, from taking pictures of yourself eating food at a restaurant to checking in at hotdog stands or vendors. It’s a fairly good system.

Offers are spit up into tasks and checkins. Tasks are things that can be done anywhere, like drinking a bottle of soda, while checkins are location-based, like visiting a store. Point values vary, obviously, based on the location.  Each point is worth a penny, and after 1000 points ($10 USD), you can “cash out,” or have money sent to a paypal account. Its a pretty damn good deal. You get paid to do things that you’d do anyways, essentially.

If you invite a friend, you can get 10% of his (or her) approved opportunities, so there’s a potential to get a good bit of pocket money with this service. Overall, check this service out. I’ll definitely use it any time I can.

WeReward.com

WeReward for iPhone

WeReward for Android