how does samsung pay cashback work

How Does Samsung Pay Cashback Work: What You Need to Know

You’ve probably already heard about Samsung Pay.

That’s right. Samsung Pay, the popular digital wallet and mobile payment service. But did you know that aside from money transfers, online transactions, and in-app purchases, there’s such a thing as Samsung Pay Cash back? If you haven’t, or even if you have, you’ll certainly need to know and understand how does Samsung Pay Cashback work.

But first…

What is Samsung Pay Cash back?

It is a feature in Samsung Pay that earns you rewards or cash for every qualifying purchase that you make from a participating merchant.

This means that you’ll earn money from your shopping.

You heard that right: you shop and earn at the same time. But only if you buy from selected merchant’s app or online store. And as you will learn later, only if you make an eligible purchase.

Aside from Cash back, there are plenty of other exciting features that Samsung Pay offers. And if you badly want to use Samsung Pay but your phone is not supported, don’t worry. The Samsung Pay mini is a great alternative.

Now going back…

To fully enjoy the rewards, you need to understand the essential things to know about Cash back. So if you’re interested to know how does Samsung Pay Cashback work, read on…

Related: Samsung Pay vs Google Pay

How to Earn Cash Back

But in order for you to start earning and enjoying cash back, you need to set up Cash back first in Samsung Pay.

earn cash back in samsung pay
Earn cash back

Here’s how:

  1. Go to the app’s Home tap and tap “Deals”. Then tap Cash Back.
  2. Then select the desired merchant, proceed to read the Terms and Conditions.
  3. Tap “Earn Cash Back”.
  4. Choose either of the 2: shop in the store or on the website.
  5. Select your option.
  6. Begin shopping.

Note: You must complete purchases using the provided cash back link. You cannot simply add items to cart using your phone and then complete the purchase on another device. That won’t earn you points.

How much will you earn?

cash back awards
Cash Back Awards

You may be wondering how much will you earn in your cash back.

Well, there’s really no fixed percentage, as that would depend on each retailer. Some retailers may give you 2 percent, others 5 percent, others bigger or smaller. It really depends. There are even merchants who impose restrictions and won’t earn you points.

So it really helps if you read each merchant’s Terms and Conditions before purchasing anything. Usually, after you make the purchase, you will be notified about how much you earned in your cash back, or if you earned any.

Related: Samsung Pay-compatible phones

Get Cash Back Notifications

manage notifications
Manage notifications

Yes, you know that you earn cash back rewards when you make certain purchases in Samsung Pay. However, not all purchases will earn you rewards. So it’s just logical for people to ask… how will I know when I’ve earned rewards?

You won’t have to even worry about that because you’ll receive notifications from Samsung Pay. That way, you can track how much money or rewards you’ve earned.

But in order for you to get notifications, make sure that you’ve turned on your Cash back notifications. To do these, just follow these steps:

get cash back notifications
Turn on notifications
  1. Open Samsung Pay, then tap “Menu”.
  2. Go to “Settings,” then tap “Notifications”.
  3. Scroll down to “Wallet” and show notifications.
  4. Turn on Card Status updates, Card back receipts, and Security updates as well.

Once you’ve turned on the notifications, you will get a notification after you have made a qualifying purchase.

Notifications are not instant, however. Depending on the merchant you’ve purchased the item from, the notification can take for several hours, even a day.

Note: When you receive a notification, that does not mean, however, that you’ve already received the cash back reward. The reward could take a few days to process. This is because you will only receive the reward once the return period has already passed. But this period varies from merchant to merchant. So it’s really important that you check their Terms and Conditions.

Eligible Purchases and Exclusions

check out eligible purchases and exclusions
Check out eligible purchases and exclusions

We know what you love: that you earn cash back on all your purchases.

Unfortunately, it does not work that way. Not all purchases are qualifying purchases. Not all merchants allow cash back. Some merchants put restrictions. Since it’s always a case-to-case basis and dependent on the merchant, there’s really no hard-and-fast rule as to which purchases are eligible and which are excluded.

The best way to find that out is to read the Terms and Conditions of each merchant that you purchase items from. As you go along, you’ll become acquainted with what are eligible purchases and what are exclusions. With that, you can expect or have an estimate of how much cash back you’ll receive.

make purchases using your phone
Make Samsung Pay purchases using your phone

Note: Cash Back is only available on phones, not on computers. So in order for you to earn cash back, all transactions (from adding to cart to completion) must be done in Samsung Pay using your phone. You cannot complete the purchase on another device or on your computer.

Another important thing to remember is that you shouldn’t, as much as possible, go in and out of the app during purchase or checkout. This may inactivate or affect the cash back offer.

When to Use Rewards

check if you have earned a reward
Check if you have earned a reward

Now that you know how does Samsung Pay Cashback work, it’s time to know when you can use it and how to.

Even if you’ve purchased a qualifying item from a merchant, it does not automatically mean that you’ve already automatically earned a cashback reward.

This is because you will only receive your reward when the required return period of the merchant has passed. But the thing is, merchants have different policies, terms, and conditions regarding cashback in Samsung Pay.

Before we proceed, what is this return period?

It’s the period necessary for the merchants to confirm the safe. During this period, the merchants will be able to check if the items were returned or refunded. There are merchants that have a 90-day or 60-day return period. It really depends on the merchant. You can read up on this on the merchant’s Terms and Conditions. That way, you will have an idea when you will actually receive the cashback reward.

In any case, you’ll be notified once you’ve received your reward.

Redeem Your Cash Back

Yes, you have all these Cash back rewards.  What now? How will you be able to enjoy it?

Well, Samsung Pay will convert this reward and put it on your Samsung Rewards card. You can use this card to make purchases in stores where Samsung Pay is accepted.

redeem cash back award
Earn at least $5 to cash out

Here’s how you can redeem your Cash back:

  1. Open Samsung Pay.
  2. Tap the “Deals” tab, and go to “More Options”.
  3. Tap “Redeem cash back”.
  4. Check the Terms of Service box after reading it.
  5. Then tap “Get Rewards Card”.

Note: You need at least $5 worth of reward to cash out.

How to View Cash Back History

view cash back history
View Cash Back history

Now that you’ve used your Samsung Pay Cash back to buy stuff, it’s time to keep track of it. Are there any rewards left? Have you used all of it?

Thankfully, the app allows you to easily keep track of your rewards. Just go to Cash back history and view pending rewards, rewards earned, or what’s left of it.

To do this, follow these steps:

  1. Open Samsung Pay.
  2. Tap “Cash back”.
  3. Tap “More Options”.
  4. Tap Cash back history.

In the Cash back history, you’ll see the following: Available cash back, Total earned, Recent Purchases, and Pending rewards.

Other Questions People Ask

Where is Samsung Pay accepted?

Samsung Pay is accepted at many participating stores. Most stores that use NFC and MST technology accept Samsung Pay.

Which banks support Samsung Pay?

Many major banks support Samsung Pay. Some US banks that support Samsung Pay include Mastercard, Visa, US Bank, Bank of America, JP Morgan Chase, Citi, PNC, and more.

Is Samsung Pay safe?

Yes, Samsung Pay is free to download and to use.

Shop Now Using Your Rewards

If you’ve already earned enough points, remember that you need a minimum of $5, cash it out to start enjoying it. How great is that? You shop and earn, so you could shop some more. It’s an endless cycle, but a beneficial cycle nonetheless.

Cash it out and use your Samsung gift card to shop. Remember that you can only shop at the participating stores or those that accept Samsung Pay.

Ciao, and start shopping!

Did you find this article helpful? Feel free to share with us your thoughts, comments or suggestions, or ask us any question regarding Samsung Pay in general.

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