Attention PAYBACK collectors: If you would like to transfer your laboriously collected PAYBACK points to your bank account, you will find a short explanation in the following instructions.
At least 200 points for a withdrawal
At least 200 points are required to withdraw PAYBACK points. One PAYBACK point equals one cent, so 200 points equal two euros. First, log into your PAYBACK account as usual and go to the “redeem points for cash” sub-item in your personal area. The points balance is now displayed and you can determine how many PAYBACK points should be redeemed. Before approving the transfer, you should check the bank details provided. If the bank details are correct, you can now confirm the transaction. According to PAYBACK, the money will be credited to the account within a few days.
However, there can be problems with certain accounts: PAYBACK writes on its own website: “For certain bank accounts (including Solaris Bank) only deposited reference accounts are accepted as clients for transfers.” This means that certain accounts cannot be used as recipients. According to PAYBACK, Trade Republic Bank’s deposit clearing account is an example of this.
Alternatively, PAYBACK points can be donated
If you want to do something good with your points instead of having them credited to your own account, you can also donate part of the collected credit to charitable causes. The PAYBACK donation world cooperates with betterplace.org and allows you to donate points from 200 points. In the PAYBACK donation pool, customers can take a close look at the specific projects that are presented there in detail. After the donation, the points will be distributed to the aid organization together with betterplace.org. It also shows how many points are already in the donation pool. According to PAYBACK, over 500 million points have been donated since the fundraising campaign started in 2009, which corresponds to a total of over 5 million euros.
Editorial team finanzen.net