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FAQ
What is PAYMYNT Rewards?
PAYMYNT Rewards is a rewards platform that gives you cash back or bitcoin when you shop.
What Are MYNTs?
What are MYNTs? MYNTs are a digital shopping rewards currency. Native to the PAYMYNT Rewards platform, MYNTs are earned, spent, sent, and invested via PAYMYNT Rewards. MYNTs are earned simply by shopping at 2,000+ name-brand retailers. MYNTs are spendable at 2,000+ name-brand retailers. MYNTs can be sent instantly as a value of exchange for p2p trading. MYNTs can also be invested to grow additional earnings. What gives MYNTs value? MYNTS are backed by the U.S. dollar. When PAYMYNT Reward members shop the PAYMYNT Rewards platform, affiliate retailers offer cashback compensation. PAYMYNT Rewards converts the cashback compensation into universal cash-value rewards, or tokenized “Found Money.” One MYNT is equivalent to the cash-value of one USD.
Who is PAYMYNT Financial Group?
PAYMYNT Financial Group, Inc. is our legal name and also the name of our corporate site. You can read more about it at https://paymynt.io/about.
How does the PAYMYNT Rewards platform work?
Each time you use the PAYMYNT Rewards app, website, or browser extension to shop online with one of our merchants, you’ll earn points for completed purchases. You can then cash out those points for USD, Bitcoin, or other cryptocurrency.
When will PAYMYNT Rewards be available?
PAYMYNT Rewards is slated to launch in Q4 2020.
What blockchain does PAYMYNT Rewards operate on?
The PAYMYNT Rewards app is technically ‘off-chain’ through our secure servers, however, our wallet system is built on the Stellar blockchain. This means that your wallet is safe and secure on Stellar Network Blockchain.
Is my information safe and secure?
Yes, we value the privacy and security of our users. We use the latest technology and encryption to ensure that your information never falls into the wrong hands.
How will I receive a confirmation of my purchase?
A confirmation email will be sent shortly after you make a purchase at one of our merchants using our platform. It could take up to 24 hours for us to receive confirmation from the merchant and to verify the order. If you still need more help, you can chat with us or send an email to support@paymyntgroup.io
How does PAYMYNT Rewards determine the 'cash back' percentage?
The cash back percentage is set individually by our merchants. We strive to get our users the best deals and most cash back that we can.
I made a purchase but don’t see my rewards yet, what do I do?
Purchases typically take 24-48 hours to appear in your account dashboard. If it’s been longer than that, you can always reach out to us at support@paymyntgroup.io
Can I combine other rewards programs with PAYMYNT?
Unfortunately, no, when you activate other rewards platforms or apps, it prohibits the PAYMYNT Rewards platform from capturing that transaction.