Cashing out Happy Money Gift Certificates
One of the most common gift certificates when doing santech is the Happy Money gift certificate. Let’s take a look at how to cash in this Happy Money gift certificate.
Hide Table of Contents
1 Payco
1.1 Monthly Conversion Limit
1.2 Cashing out method
2 sell
2.1 Monthly Conversion Limit
2.2 Cashing out method
3 mobile card
3.1 Monthly Conversion Limit
3.2 Cashing out method
3.3 Reasons for recommending Mobile Card 해피머니 현금화
4 Mobile Pop
4.1 Monthly Conversion Limit 좋은뉴스
4.2 Cashing out method
5 finish
Payco
The first cashing route is ‘Payco’. Payco is a place for easy payment. In addition to Happy Money Gift Certificates, Culture Land can also be cashed in, and it is a must-registration for anyone doing commercial technology.
The basic order is ① Recharging Happy Money Gift Certificates on the Happy Money app or homepage ② Converting Happy Money Gift Certificates to Payco Points from Payco ③ Converting Payco Points and refunding to your account. It is introduced in detail at the bottom.
Monthly Conversion Limit
Payco can convert Happy Cash within the limit of 2 million won per month, and it is a real-time refund.
Cashing method
1. Recharge Happy Money Gift Certificate
Basically, Happy Money gift certificates purchased between KRW 46,000 and KRW 46,100 are charged in the Happy Money app.
How to top up Happy Money Gift Voucher
Access in the order of cash recharge (No. 1) and Happy Money gift certificate (No. 2) at Happy Money. When you log in, enter the PIN number you received via text message or KakaoTalk at the time of purchase. In the mobile app, up to 5 coupons can be charged at a time through the Add gift certificate button, and up to 10 coupons can be charged at a time on the PC-based homepage.
2. Convert Happy Money Gift Certificates to Payco Points at Payco
If you have recharged your Happy Money gift certificate, it has now become Happy Cash. You need to go through the process of converting the charged Happy Cash into Payco Points.
Convert Happy Money Gift Certificates to Payco Points at Payco
In the Payco app, go to More (No. 1) and Charge (No. 2) in order. There is Happy Money on the recharge page, but there are various ways to recharge Payco Points. There are Happy Money gift certificates, Bookn Life cultural gift certificates, and Culture Land gift certificates that are mainly used here. This time, we will introduce how to cash Happy Money gift certificates, so access Happy Money gift certificates and log in with your PAYCO member information.
Convert Happy Money Gift Certificates to Payco Points at Payco
This page is for entering the amount of Happy Cash to be converted into Payco Points. As introduced at the beginning, it is possible to convert with a limit of 2 million won per month, and the conversion limit is 500,000 P per time, and 1 million P per day.
Moving on to the next step, you can confirm that Happy Cash has been converted to Payco Points through checking the amount and fingerprint authentication.
🖐 Wait!
Payco points are divided into charging points and accumulated points. In general, points converted into gift certificates such as Happy Money Gift Certificates and Culture Land are accumulated as charging points and can be converted into cash through the process of converting to other points, but accumulated points cannot be directly converted into cash.
3. Payco point conversion and account refund
Charged PAYCO points cannot be directly refunded to your account. You can get a refund to your account after spending even 1 won. As for the consumption method, it is possible to refund the account after converting the minimum amount from conversion or export to Naver Pay or Smile Cash.
Payco point conversion and account refund
There are Payco Points that have been converted to Recharge Points on the More screen. Go to Conversion > Export > Naver Pay Point. Once logged in, you can switch to the Naver Point of the Naver ID linked under the same name. If you have two NAVER IDs, you can select and switch between them.
There are many points, but the reason why I chose Naver Pay is that the minimum conversion amount is 1 won (other points are often 1,000 won), and it is more refundable than other points. However, please note that the maximum number of conversions per month is 10 times.
Payco point conversion and account refund
This is the last order. If you went through the Naver Pay conversion process, your recharge points became KRW 459,999. Now let’s get into the refund. There are 459,999 won in points that can be refunded. If you are a first-time user, register for a refund account and apply for a refund, and the money will be deposited directly into your account.
sell it
Palago is an app that allows you to trade Gifticons between individuals. In Palago, it is possible to get a refund after charging Happy Money gift certificates, but sometimes conversion is not possible due to lack of budget. However, the method of monetization is summarized below.
Monthly Conversion Limit
The monthly conversion limit of Palago’s Happy Cash is 2,000,000 won.
Cashing method
In the event banner window of Palago, click the Happy Money Voucher recharge banner as shown below. Go to Event Recharge and enter your Happy Money ID and 6-digit payment password to check your Happy Cash balance. Enter the amount you want to recharge, recharge, and then refund your account through settlement.
If there is no budget, not a real-time refund, a user notification pop-up window is shown as shown in the image below, and conversion is not possible.
Sell and monetize process
mobile card
There was no Happy Cash conversion window for mobile cards in the past, but it was recently added. Among the Happy Cash cashing routes introduced on this page, it is the most convenient and the fee is low, so it is recommended.
Mobile card is slightly different from Payco, Palago, etc. in which 8% is charged. Payco and Palago charge a fee of 8% based on the Happy Cash you want to charge. For example, if you purchase 10 Happy Money gift certificates, charge them with Happy Cash, and then convert to Payco points, as introduced in the above Payco, it will be converted to 460,000 Payco points. This is because a fee of 8% is charged based on the amount of Happy Cash (500,000) you want to charge.
However, for Mobile Card, 8.5% (7.8% based on Happy Cash deduction) is charged based on the remaining balance of the Mobile Card, not the method of charging 8% based on Happy Cash.
If you have a Happy Cash balance of 1,000,000 won, you can exchange it for 921,600 mobile points by entering the maximum amount charged in the mobile card app. A fee of 8.5%, or KRW 78,336, is charged, so KRW 999,936 is deducted from Happy Cash, and 921,600 mobile points are charged.
mobile card
As of April 17, 2023, the mobile card conversion amount standard has been changed from 8% to 8.5%.
Monthly Conversion Limit
The monthly conversion limit on the mobile card is written as 2 million won, but it is actually 2.16 million won.
This is because the conversion limit is also based on the charge balance. This is because you need 2.16 million won in Happy Cash to recharge 2 million won.
However, a withdrawal fee of KRW 300 per transaction will be charged during the withdrawal process and will be refunded in real time.
Mobile Card Notice
How to cash out
The mobile card app is introduced in text because screen capture is not allowed due to security policy.
If you access ‘Card Recharge’ at the bottom right of the mobile card app, you can choose from mobile phone, account transfer, virtual account, or Happy Money gift certificate. Select the Happy Money Gift Certificate here. As elsewhere, enter your Happy Money ID and 6-digit payment password.
You can check the balance of Happy Cash, and if you enter the amount you want to recharge in the Recharge Amount, it will check and recharge the total payment amount including the conversion fee.
If you have converted Happy Cash to a mobile charging point, go to My Page > Card Refund Request/Inquiry at the bottom, register a refund account, etc., and request a refund for the gift certificate recharged amount among the refundable amount.
Reasons for recommending Mobile Card
If you cash out 1 million Won in Happy Money at Payco, 920,000 Won will come into your account.
If you hold 1 million won in Happy Cash and enter the maximum amount charged in the mobile card app, you can recharge 921,600 won, and a fee of 78,336 won will be charged, and the total payment amount will be 999,936 Happy Cash.
In the end, you can receive 920,000 won from Payco, but you can receive 921,600 won from the mobile card (excluding the withdrawal fee of 300 won), so an additional profit of 1,600 won per 1 million won will occur.
mobile pop
Happy Cash can be cashed in Mobile Pop. You can use it by searching for ‘Mobile Pop’ in the search bar on the Play Store, downloading and simple membership registration.
Monthly Conversion Limit
Mobile Pop’s monthly conversion limit is KRW 500,000, and real-time deposits are possible within working hours.
How to cash out
On the main screen of Mobile Pop, go to Balance Charge (left) > Happy Cash (middle) and enter Happy Money ID and 6-digit payment password. Then, a page to enter the Happy Cash balance and the amount to be charged appears. If you enter 100,000 won as the amount to be recharged, 92,000 won excluding the 8% commission will be charged.
mobile pop image
For the charged amount, go to More (right) > Balance Refund, and register a refund account for the first time. If you have a refund account, enter the refund amount and the refund will be processed in real time.
However, please note that it is possible once a day, and it is 09:00-17:00 (excluding weekends and holidays), not 24-hour real-time deposit.
finish
We have summarized the process of cashing Happy Money gift certificates.
Conversion is possible in four places: Mobile Card, Payco, Palago, and Mobile Pop. If you combine the maximum conversion amount, you can disperse and convert Happy Cash worth KRW 6.66 million per month.
If you want to know the basic concept of Sangtech, reading the article below will help.