How to cash Happy Money gift certificates (feat. Convert to Payco app)
Let’s find out how to cash Happy Money gift certificates, which is one of the basic techniques of Sangtech.
The basic principle of Sangtech is to purchase gift certificates with a card and convert them into cash, and in this process, gain profits through card benefits. At this time, you need to compare the fee required to convert the gift certificate into cash and the discount rate of the gift certificate before purchasing. Happy Money gift certificates, a type of cultural gift certificate, are sold at a 7-8% discount rate at online shopping malls such as Timon, WeMakePrice, 11th Street, and G Market. The fee for cashing out is 8%, so if you purchase a gift certificate with a price lower than 8%, you will be charged the difference. 해피머니 현금화
Sangtech return rate = Gift certificate discount rate (7-8%) + Card benefit (1-2%) – Conversion fee (8%) 좋은뉴스
Card benefits are usually 1-2%. You can issue and use the following Sangtech cards.
Now, let’s look at how to cash in Happy Money gift certificates in earnest.
1. Purchase a Happy Money Gift Certificate
Normally, gift certificate deals are posted on the 1st of every month at shopping malls such as Tmon. You can wait for a gift certificate with a cheaper price, or it is a way to fill your performance right away in moderation on the 1st. In the case of credit card purchases, interest costs must be considered, so if the price is acceptable, it is better to purchase it immediately on the 1st.
2. Recharge Happy Money gift certificate
Install and sign up for the Happy Money app. When you turn on the Happy Money Gift Voucher application, find “Cash Recharge” (No. 1) on the home screen. If you go to the Happy Cash recharge page, there is ‘Happy Money Gift Certificate’ among ‘Select Recharge Method’. You can register the Happy Money gift certificate you purchased here.
Home Screen > Recharge Cash > Select Recharge Method > Happy Money Gift Certificate
When recharging gift certificates, you can register 5 vouchers by clicking ‘Add Gift Voucher’. Register and charge all gift certificates purchased in this way.
3. Recharge Payco Points
Next, we will convert Happy Cash into Payco points.
Enter the PAYCO app and go to ‘Charge’ (number 1). There are several ways to charge PAYCO points. Among them, click ‘Happy Money Gift Certificate’ (No. 2). Next, click “Login with PAYCO member information” to log in to your Happy Money account.
Happy Money -> Convert to Payco
As a reminder, an 8% usage fee is charged for Happy Money gift certificates. The charging limit is 500,000 P at a time, 1 million P per day, and 2 million P per month. You have 1 million won in Happy Money. If you convert 500,000 won twice, you will get a total of 920,000 PAYCO points.
4. Naver Pay point converted to KRW 1
1 million Happy Money points were converted to 920,000 Payco points. Now, these 920,000 points must be refunded in cash. At this time, you must use at least 1 won to cash out your PAYCO points. The easiest way is to convert your Payco points into Naver Pay points.
Go to ‘Conversion’ (No. 1) on the PAYCO home screen. You can convert your Payco points into other points by viewing the ‘Export’ tab. Among them, select ‘Naver Pay Point’ (No. 2).
Since you only need to convert 1p to convert points, insert 1p (No. 3), check the conversion agreement, and convert to Naver Pay points (No. 4).
5. Refund to account
Now, I have used 1 won of points, and I will refund the remaining amount to my account.
‘Refunds’
Go back to the Payco app home screen. Go to ‘Refund’ (No. 1) in the menu.
Refundable points are 459,999P. Since the limit for one recharge is 500,000 P of Happy Cash, 460,000 P of Payco points were recharged. Also, if you are making a refund for the first time, you must register a refund account in PAYCO to receive a refund.
Click the ‘Request Refund’ button next to the redeemable points. Next, select the refund destination. Confirm that you are eligible for ‘refund fee waiver’. The final refund amount is KRW 459,999. The fee is also 0 won.
refund completed
The refund to your account has been completed!
Since the charged Happy Cash is 1,000,000P, repeat the process again from the 3rd Payco point charge. It’s a bit cumbersome and complicated at first, but once you do it a few times, you’ll get used to it and you’ll be able to process your refund quickly.