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Bitpay Reveals Prepaid Cardholders Can Get up to 15% Cash Back Rewards via Select Retailers – Bitcoin News


Atlanta-based crypto payment services company Bitpay has announced that Bitpay prepaid cardholders are eligible for cashback rewards if they use their cards with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics, and cardholders can receive up to 15% cashback rewards on purchases from the service from thousands of retailers.

Bitpay partners with Cardlytics to offer cashback rewards to Bitpay card users who shop at certain merchants

On Wednesday, Bitpay announced that crypto payments company has partnered with publicly listed company Cardlytics (Nasdaq: CDLX) to provide Bitpay cardholders with cashback rewards options from specific retailers. Cardlytics will manage the cashback rewards platform, and Bitpay cardholders can get up to 15% cashback on purchases every time they sponsor participating merchants.

Bitpay Reveals Prepaid Cardholders Can Get Up To 15% Cashback Bonuses Through Selected Retailers

Cardlytics works with thousands of merchants such as Adidas, Costco, Office Depot, Shake Shack, Sam’s Club, Finish Line and H&M. Farrell Hudzik, EVP of financial institutions at Cardlytics, explains that getting rewards for using Bitpay cards at specific merchants is easy. “Working with Bitpay, we give their crypto cardholders a customized shopping experience where they can earn cash back, making the Bitpay card easy to use anytime they shop.” Hudzik said in a statement on Wednesday.

Cardlytics CEO Hudzik added:

We have thousands of brands on our platform and are always looking at where consumers shop to add new merchants to benefit new and existing cardholders.

Bitpay CEO Says Rewards Giving Crypto Enthusiasts Another Incentive To Use Crypto Prepaid Cards

Bitpay has been operating prepaid cards for many years and initially started offering services through Visa. Now, the Bitpay card is tied to the system of the multinational financial services group Mastercard. While the Atlanta-based company did offer a crypto-powered prepaid card, Bitpay did not offer the rewards prior to telling Cardlytics. Other companies that offer crypto prepaid cards like Crypto.com reward cardholders for spending. Crypto.com not only offers bonus payouts in cronos (CRO)but the company also partnered with Cardlytics on March 30, 2022.

Bitpay recently more two new crypto assets on the company’s list of supported digital currencies, including apecoin (APE) and euro (EUROC). That means in addition to being able to top up Bitpay’s prepaid card with BTC, BCH ONLYWBTC, XRP, LTCSHIB, DOGE, ETHBUSD, DAI, GUSD, USDC and USDP, Bitpay cardholders can also top up their cards with APE and EUROC.

Bitpay also disclosure Lightning Network support on April 6, making it possible for Bitpay App users to take advantage of bitcoin payments through Lightning Network. Lightning Network support was added after Bitpay told press that the use of bitcoin (BTC) payments have decreased in 2021. Bitcoin used to make purchases through the Bitpay App has decreased from 93% in 2020, to 65% throughout 2021.

Stephen Pair, CEO of Bitpay, detailed on Wednesday that the rewards system gives cardholders incentives to spend with a cryptocurrency-focused prepaid Mastercard.

Bitpay CEO commented: “Cryptocurrency is becoming more and more popular and widely used as an option to live on crypto. “Adding a rewards program through Cardlytics gives crypto enthusiasts another incentive to receive and use Bitpay Cards. It’s easy, just load your Bitpay Card with crypto, spend in dollars, get cash back, and view rewards in the Bitpay app. “

Cards in this story

Adidas, APE, Apecoin, Apecoin (APE), Bitcoin, BitPay, Bitpay CEO, Bitpay Co-Founder, Bitpay new money, Support Bitpay, blockchain payment, Cardlytics, Refunds, Cashback rewards, Costco, electronic money payment, dogecoin, ether, Euro, euro (EUROC), EUROC, Farrell Hudzik, End line, H&M, lightning network, Trader, Office warehouse, Payment P2P, Pay, Paypal, Retailer, Reward, Sam’s Club, Shack Shack, Stablecoins, Stablecoins, Stephen Pair

What do you think about Bitpay offering cardholders cashback rewards by partnering with Cardlytics? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about the groundbreaking protocols emerging today.




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