Kakao Pay is a simple payment service created by KakaoTalk, Korea’s leading messenger app. Points are accumulated when you use a credit card, and similarly, when you use Kakao Pay, a certain amount of points are accumulated. Today we will learn how to cash out Kakao Pay points.
Kakao Pay
In order to cash out Kakao Pay points, you first need to know what Kakao Pay is.
Kakao Pay is a service that started as a simple payment service from Kakao and provides comprehensive financial services. By providing services such as payments, remittances, membership, billing, and authentication through KakaoTalk, people who use KakaoTalk naturally also use KakaoPay.
Go to Kakao Pay
What are Kakao Pay Points?
Kakao Pay points are points accumulated every time you use Kakao Pay’s payments or services.
You can earn points by paying with Kakao Pay or participating in events.
Cash out Kakao Pay points
Check Kakao Pay points
In order to cash out Kakao Pay points, you need to check how many Kakao Pay points you have.
Check with KakaoTalk app
Select ‘More’ on the KakaoTalk app
Select ‘pay’ in the middle
Scroll down to the bottom and click ‘Check my points’
Cash out Kakao Pay points
Cash out Kakao Pay points
Cash out Kakao Pay points
Check with Kakao Pay app
You can check your Kakao Pay points using Kakao Pay’s own application.
How to cash out Kakao Pay points
Since we do not officially provide a way to cash out Kakao Pay, we will tell you how to cash out in a detour.
gift certificate sale
Find and purchase a gift certificate that matches your Kakao Pay points. You can immediately cash out the gift certificates you purchase by selling them on a second-hand basis using a second-hand market (Bungae Market, Carrot), etc. Although it cannot be sold at the regular price, it has the advantage of being able to be cashed out immediately.
✅ Go to KakaoTalk shopping
Use refund function
The refund function utilizes the gifting function provided by KakaoTalk. You literally get a refund for the product you received as a gift. You select a product that matches your Kakao Pay points and purchase it using the gift to yourself feature. Then, when you receive a refund, you can receive Kakao Pay in cash.
The downside is that in the case of gifting, a refund is only possible after the expiration date of the gift, and since only approximately 90% of the payment amount can be refunded, it is difficult to cash it out immediately.
Cash out Kakao Pay points
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How to use Kakao Pay points online and offline
It’s a good idea to cash out Kakao Pay points, but since it incurs some losses, I don’t think it’s necessary to do so unless it’s urgent.
Kakao Pay points can be used at approximately 300,000 online and offline locations where ‘Kakao Pay’ payments are accepted.
Cash out Kakao Pay points
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✅ Check where Kakao Pay is used online/offline
Conclusion on how to cash out Kakao Pay points
Above, we learned about how to cash out Kakao Pay points and how to use Kakao Pay points. I’m not sure if it can be useful when you need cash in a hurry, but you have to endure some hassle and there are some monetary losses, so this is a very useful feature. I’m not sure if it’s true.
I personally think that it would be much better to use the points for shopping or other things because the Kakao Pay points themselves have enough uses.