Its impact is so great that there is no one in Korea who does not use KakaoTalk. The simple payment service created by KakaoTalk is Kakao Pay, which we naturally use. Kakao Pay has already been incorporated into our daily lives to a large extent. As a result, I can see that Kakao Pay points have accumulated without my knowledge.
The same goes for credit card points, but you may wonder if there is a way to cash out Kakao Pay points as well. So today, we are going to learn about how to cash out Kakao Pay points. The detailed information is well organized below, so please follow along until the end.
Kakao Pay
In order to know how to cash out Kakao Pay points, you must first briefly know about Kakao Pay. Kakao Pay is a service that started as a simple payment service from Kakao Corporation. It has since developed into a company that provides comprehensive financial services. The reality is that people who use KakaoTalk naturally also use KakaoPay because KakaoTalk provides services such as payment, remittance, membership, billing, and authentication.
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Check Kakao Pay points
In order to cash out Kakao Pay points, you must first check how many Kakao Pay points you have. This is because if you don’t have points, you can’t cash them out. So where and how can I check my Kakao Pay points?
Kakao Pay points can be checked in two ways. The first way is through the KakaoTalk application that we always use, and the second way is through Kakao Pay’s own application.
Check with KakaoTalk application
The main screen of the KakaoTalk application will be the friends page when you first access it. At this time, if you check the bottom menu, you can see a menu button with three dots on the right end. After clicking this button, you will enter the page with your information.
At this time, you can see the word pay in English along with the speech bubble icon at the top. If you click this icon and the pay part, you will be taken to the Kakao Pay page. After moving, you can easily check your Kakao Pay points by clicking Benefits in the top menu.
Check with Kakao Pay application
The second method we will introduce is to check Kakao Pay points through Kakao Pay’s own application. When you turn on the Kakao Pay application in the same way as you did with KakaoTalk, you can check assets, benefits, barcodes, stocks, and the entire menu at the bottom.
At this time, if you click the benefits menu, the same page as seen on KakaoTalk will appear, where you can check your Kakao Pay points.
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Now that you have confirmed your Kakao Pay points, let’s learn how to cash out Kakao Pay points. First of all, the information you need to know is that Kakao Pay does not officially provide a way to cash out points, so we will introduce ways to bypass it.
There are two main methods. The first is to use the refund function, and the second is to sell gift certificates.
Use the refund function
The key to the refund function is to utilize the gifting function provided by KakaoTalk. You may have recently received a non-face-to-face gift through KakaoTalk on your birthday or anniversary. At this time, you can refund the gift you received. Of course, in case of a refund, the expiration date of the gift must have passed, and there is a condition that only about 90% of the amount can be refunded. This part is used to cash out Kakao Pay points.
First, let’s look for products that can be purchased based on Kakao Pay points. Afterwards, purchase the product using the Gift to Me feature. In order to use the refund function later, you must not use the gift until its expiration date as described above. Refunds become possible after the expiration date of the product, at which time approximately 90% of the amount can be refunded. You can cash out Kakao Pay points in this way.
Sell gift certificates
The second way is to sell gift certificates. The disadvantage of using the Gift to Me feature for a refund is that it is only possible after the expiration date. However, there are products with an expiration date of up to one year, so it is difficult to cash them out right away. Selling gift certificates has the advantage of being possible immediately compared to the refund function.
Selling gift certificates is the same as using the refund function at first. Find and purchase gift certificates that can be purchased based on Kakao Pay points. If you make a secondary sale of the gift certificate you purchased through a second-hand market, you can easily cash out your Kakao Pay points. The selling price at this time is generally 90% of the regular price.
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Completed cashing out Kakao Pay points
Kakao Pay does not officially provide a way to cash out points. That’s why we’ve introduced ways to take a detour and cash it out. Since this is not an official method, you must be aware that it is difficult to cash out all of your points without loss. In fact, since many gifts are given through KakaoTalk these days, it may be considered the most economical way to use points to buy gifts without cashing them out.
Cashing out Hyundai Card points
In addition to Kakao Pay points, we also looked into ways to cash out Hyundai Card points, which have seen a surge in subscribers due to Apple Pay. If you are curious, you may want to take this opportunity to refer to it.