Explained: How Google Pay Can Bring Rewards On Your Transactions
Google Pay or Gpay is an online payments app that enables people to send and receive money online directly into their bank accounts. Gpay is emerging as a trending online transaction platform that is a fast, reliable, and secure payment method. Many small businesses and startup companies rely on the Google Pay app for money transactions. The application also keeps track of all payments made or received through the app. People can also check their bank balance on the app and keep track of their spendings. All they have to do is connect the app to their bank account making sure that it’s connected to a sim card that is being used. Google Pay also organizes exciting games and offers rewards after payments are made from a bank account. Additionally, you are given a certain transactional limit or Google Pay limit per day so that you can make payments easily.
How to earn Google Pay rewards?
Google Pay offers rewards to users who make payments regularly as long as they don’t exceed the Google Pay limit per day to encourage online payments and cashless transactions. If you are a Google Pay user and wondering how the reward system works here are the complete details given below:
1. Rewards on payment to personal accounts
Google Pay provides rewards to people who make money transfers fairly frequently. Currently, you will be eligible for a scratch card reward after you have made 7 payments consecutively. This applies to money transfers from your Gpay account to any other Gpay account or bank account. Scratch card rewards may vary depending on availability. However, you cannot make more than 10 consecutive payments in a day which is the Google Pay limit per day currently. It is important to know about the transaction limit allowed on Google Pay. You can visit Cashfree to check the updated Google Pay transaction limit for all Indian banks.
2. Merchant account rewards
Google Pay allows people to make payments to merchant accounts that are registered in the app. Some special rewards can be obtained on the first payment you make to a merchant account. Sometimes special rewards are offered to people where you need to pay a specific number of merchant accounts to avail a scratch card with amazing rewards.
3. Bill payment rewards
Many people use Google Pay to complete all their household bill payments like cooking gas, electricity bills, water bills, and so on. Special rewards are offered to people on their first bill payment through the app and consecutive bill payments also add to their steps towards receiving scratch cards. These payments also fall within the 10 transactions Google Pay limit per day.
4. Special rewards on games
Google Pay often conducts games and events in which people can earn special rewards and scratch cards on playing games and completing several levels. These games are fun to play and can be played with friends for completing levels faster. Games are however not available all the time. There is no Google pay limit per day on receiving these rewards.
5. Inviting friends and family
Existing Google Pay users can earn cash rewards if they invite their friends and family members to join Google Pay. All Google Pay users can invite people on their contact list to create an account on the app. People can use your referral code to receive a cash reward on their first payment. If your friends and family use your code on creating an account, you will also receive a cash reward on their first payment. Currently, you will receive ₹201 cashback when your friends complete their first payment. They will also receive ₹21.
6. Opening Demat Accounts
Google Pay users who do not have a Demat account can receive rewards when they open one on the app. A Demat account can be opened in Google Pay for investment purposes by clicking on 5paisa. New accounts receive cash rewards which are directly credited to the account.
What are the rewards offered by Google Pay?
Google Pay allows people to earn money and coupons on making online transactions as per your Google Pay limit per day. These rewards are mostly issues in the form of scratch cards which are offered from time to time. In some cases like referrals and bill payments, a direct cash award of a specific amount is offered as well. These cash rewards are deposited directly into the bank account of the user and the amount is credited within 7 working days. Here are some other popular rewards coupons that Google Pay offers to its users:
- Coupons on health on beauty websites
- Coupons on apparel, accessories, and footwear websites
- Coupons on home services like Urban clap and so on
- Cash rewards up to an assigned limit
- Discounts on various other websites and services
All coupons that are received will be available in the rewards section of the app. Each coupon has some specific terms and conditions along with expiry dates. Google pay also doesn’t allow people to exceed the Google Pay limit per day of ₹1,00,000 in transfer and ₹2000 in request. No rewards can be received when Google Pay receives a payment from other accounts or businesses.
Google Pay is a payments app that will help you win exciting offers and cash on making payments through the app. You can keep track of your rewards on the app and even invite friends to join the app and get a chance to avail these benefits. Make sure you keep an eye out for limited period offers so that you don’t miss out on your rewards.