Binance has published a blog post to announce that Binance Pay has partnered with Picodi to enable its users to earn crypto cashback rewards. These rewards will be offered to users who access online stores at the official website of Picodi. The partnership’s objective is to enhance customers’ payment and shopping experience.
Merchants who support crypto cashback programs and other online shopping enthusiasts keep a close eye on the Binance exchange platform in all regulated regions to get daily updates about cashback and other offers. The payment system of Binance supports over 70 cryptocurrencies, with more being added at regular intervals.
Binance Pay can be briefly described as a contactless and borderless payment system deployed specifically to allow users to send cryptocurrencies at lightning speed.
Moreover, users can also send digital assets to their friends and family through Binance Pay. Their geographical location does not hamper the transfer. As a matter of fact, users enjoy transferring funds and digital assets at no additional fees.
Poland-based Picodi was launched in 2010. It is now present across the world and is backed by a partnership with more than 5,000 online shops. The international cashback platform also provides discount codes in addition to cashback rewards. They are activated and credited after users shop from the listed online store.
Picodi has seen success with its reward system in 44 countries. It has two options in the store for new users and for those who are returning to the platform for another time. A new user is eligible to claim up to 15% cashback, while a returning user can claim an average of 5% cashback.
Users of Binance Pay are on a more beneficial side as they have an option to instantly withdraw cashback rewards to their Binance accounts through Binance Pya.
Crypto cashback rewards are processed in the form of USDT, BNB, and BTC. Merchants who are currently accepting the reward system include:
Samsung
Aliexpress
Nike
Adidas
Booking.com
North Face
NordVPN
More merchants are expected to join the list in the days to come. Until then, users can access the official website of Picodi and visit their favorite store to generate and claim the cashback reward. It must be noted that a cashback reward is generated after the order is successfully placed and confirmed by the store.
First transactions can generate up to 20% cashback, with rewards being credited directly to the Picodi account. Users can then withdraw them to their Binance accounts through Binance Pay.
Binance Pay and Picodi are together looking to target a larger number of online shoppers to expand their customer base. It is an attempt where both partners wish to grow by offering a better experience to their users. Cashback rewards are generated from the first order. They are then added based on how much a user shops at the online store.
Binance Pay and Picodi function only to make the shopping and payment experience better. Both of them entering into a partnership is a major milestone that is sure to benefit online shoppers.
