Samsung Pay is gaining a “Cash Back” feature. The function works just like any other loyalty or cash back program. It’s for users of the company’s mobile payment service, Samsung Pay, which also just recently added support for PayPal.
If you have a compatible device, use Samsung Pay to start earning a small percentage of your purchase back. This is an incentive to get people to use the payment service, who can get cash back after a number of purchases with high value stack up. Note that this is separate from the rewards program.
The cash back option is becoming available now in select markets. Unfortunately, only some retailers will support the cash back program for now. Since you should not be comparing retailers based on whether you’ll earn cash back, this shouldn’t be an issue. It’s just that extra push to get you to use Samsung Pay over alternatives and get a little money back on your purchases if you’re lucky. Don’t expect it all the time.
The function will work out of a new section in the mobile app off to the side of the home panel. There, you’ll be able to see the supported retailers and any current offers. Update the app and make a purchase as you normally would. If you get cash back, it’ll appear in your account shortly after the purchase if confirmed. You’ll then be able to cash out anywhere Samsung Pay is accepted, which is pretty sweet.
Samsung’s rewards program will also get an update, “later this month.” Users of Samsung Pay will be able to purchase reward points in the app and use them when purchasing various products. These are basically coupons that can save you a few bucks if you happen to be going shopping at a supported store.
Are these programs enough to convince you to start making payments using your phone?