One of the most recognised loyalty programme these days is the cashback promotion. Here is more on what cashback means and how cashback works.
What is Cashback?
As the name suggests, cashback means getting money back in exchange for your purchases. So, how does cashback work?
Money paid back to customers in cash after they make a purchase, cashbacks are rewards given to customers for making purchases from a retailer or a service. The amount paid back (cashback) is a percentage of the amount the customer spent on an item. The cashback percentage varies from business to business.
Many high-street shoppers and business procurement departments are seeing value in making cashback purchases.
For shopaholics, for example, it can be a bit hard to swallow just how much money you spend online shopping – but there’s a simple hack that can take a little bit of the sting out. Jeton’s reward program gives you 1% for every purchase you make using your Jeton Wallet – which can then be redeemed for money.
Jeton’s customers are also eligible for cashback. The feature is available to all our customers.
How to Get Cashback Reward from Your Jeton Virtual Card.
Once you’ve made purchases with your Jeton Wallet, it’s easy to redeem the cashback that you’ve earned. In fact, redeeming cash rewards can often be easier than jumping through the blackout period hoops to redeem travel reward points.
First, you’ll need to be a Jeton Wallet account holder.
Make a payment with your Jeton account and you can receive 1% Instant cashback. After every payment the cashback will be applied at the customer’s account balance.
Your earnings will be in the currency you pay. For instance, if you pay €1000, you get €10 Instant Cashback.
Disclaimer: Instant Cashback will not be valid for the payments made with bonus accounts.