How to cash Happy Money Payco –
The core of Sangtech is twofold. First, to obtain credit card benefits through payment of gift certificates. Second, to convert purchased gift certificates into cash. Therefore, you can first learn how to convert gift certificates into cash, and then learn the technique while issuing and using gift certificate cards. This time, let’s take a look at how to convert Happy Money cultural gift certificates into cash using Payco.
index
1. Prepare
1-1. Join Happy Money
1-2. Join Payco
2. Purchase a gift certificate
2-1. How to purchase a gift certificate
2-2. Santech principle
3. Happy Money Recharge
3-1. Check purchase history
3-2. Happy Money Gift Voucher Recharge
4. Payco Cash
4-1. Happy Money → Payco Points
4-2. Using 1P
4-3. cash back
5. Sangtech Strategy
Happy Money Gift Certificate
Happy Money Gift Certificate
1. Prepare
1-1. Join Happy Money
First, install the Happy Money application.
Happy Money – Happiness Charging Station
If you search for Happy Money on Google Play, you can check the Happy Money-Happiness Charging Station app as above. You just need to install the app on your smartphone and sign up for membership.
1-2. Join Payco
Likewise, search for PAYCO in the Google Play Store. 해피머니 현금화
PAYCO – PAYCO 좋은뉴스
NHN’s simple payment application Payco. After installing the application, register as a member.
2. Purchase a gift certificate
2-1. How to purchase a gift certificate
Gift certificates can be purchased at Internet shopping malls such as Timon, WeMakePrice, 11th Street, G Market, and Auction. Gift certificates are sold the most at Timon or WeMakePrice, and the seller controls the sales volume, so the deal you want isn’t always listed.
Timon’s Happy Money sales post
New gift certificate deals are posted on the 1st of every month at 00:00. Online gift certificates are sold as above. Gift certificates are 50,000 won, but cultural gift certificates have an 8% discount rate when converted into cash, so actually converting them into cash costs 46,000 won. Therefore, if you purchase the above gift certificate, you lose 300 won. It’s like a sales commission.
When gift certificate vendors need cash, they lower their prices to increase sales. Sometimes it comes up for less than 46,000 won. Usually, the deal comes up in the amount between 46,000 won and 46,300 won. Since you have to constantly monitor and wait to get a good deal, you need to be good at how much you are willing to compromise on to buy a gift certificate.
2-2. Santech principle
Here’s how Sangtech works. This is because cultural gift certificates can be converted into cash through a fee of 8%, and usually gift certificate vendors sell cultural gift certificates at a discount rate between 7 and 8%. If you purchase a cultural gift certificate of 46,300 won above, you will buy it at a 7.4% discount and lose 300 won as a commission. However, since you get card benefits through the purchase of gift certificates, you see benefits rather than losses as a whole.
For example, if you purchase 20 gift certificates with a Shinhan 4Tune check card, you will spend KRW 926,000. If you convert to cash, you get back 920,000 won, so 6,000 won is a loss. However, since the 4Tune check card earns 1% of the purchase amount, a card benefit of KRW 9,260 is obtained, resulting in a profit of KRW 3,260. It is 0.35% of the purchase amount. The profit margin is very low due to the high commission amount. It is also a way to skip these deals.
※ Note: Shinhan 4Tune check card, Sangtech card with 1% discount on gift certificates
Shinhan 4Tune check card, 1% gift certificate Sangtech card
It is a very important skill for Sangtech, social beginners, and office workers who use gift certificates to purchase products at a low price and receive cashback. With just a few gift certificate knowledge, you can save hundreds of thousands of won every month.
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3. Happy Money Recharge
3-1. Check purchase history
If you purchase a gift certificate at Tmon, etc., the ticket number will be sent via text message. The barcode number of the purchased 50,000 won cultural gift certificate is sent as a text message. Messages are sent as follows.
Purchase history text message
Purchase history text message
If purchased from Tmon, it will be sent to the Tmon customer center phone number (1544-6240) as above. If you purchase from WeMakePrice, it will come to WeMakePrice number. The 16-digit ticket number and date of issue are indicated.
3-2. Happy Money Gift Voucher Recharge
Now access the Happy Money app.
Happy Money home screen
Happy Money home screen
On the home screen of the Happy Money app above, select Cash Recharge on the left.
Happy Cash Recharge
Happy Cash Recharge
Next, select the Happy Money gift certificate among the Happy Cash charging methods.
Enter barcode number
Enter barcode number
Enter the 16-digit pin number received via text message to recharge the Happy Money gift certificate. You can top up to 5 vouchers at once by clicking Add Gift Voucher. Unlike Culture Land, where you can charge the URL, it is somewhat inconvenient to enter it by hand.
All you have to do is enter 5 cards and charge them all.
4. Payco Cash
Charged Happy Money cannot be cashed immediately. It is only after converting to PAYCO points that you can refund your account in cash. You have to go through a total of 3 steps, but if you follow along slowly and learn it, you will be able to do it easily later.
4-1. Happy Money → Payco Points
Payco home screen
Payco home screen
Select Recharge on the Payco home screen. Recharge means to recharge PAYCO points.
Happy Money Gift Voucher Recharge
Happy Money Gift Voucher Recharge
There are several charging methods available. Among them, select the Happy Money Gift Certificate.
Happy Money Login
Happy Money Login
Log in to Happy Money. You can log in easily by selecting Log in with your PAYCO member information.
point charge
point charge
Enter the points you want to top up. The cash you have at the top is the Happy Money Points you have, and the Recharge Points below it is the amount you want to convert into Payco Points.
The charging limit is 500,000 P at a time, 1 million P per day, and 2 million P per month. When purchasing gift certificates, keep this limit in mind. If you purchase gift certificates in excess of 2 million P per month, you have to wait until the next month to cash them out.
4-2. Using 1P
Payco points charged in this way must be used at least 1P in order to be refunded to the account. You may directly use your Payco points for payment, but even if you convert only 1P to another point, it will be recognized as used. It is simple and efficient to convert only 1P to other points.
transform
transform
Select Conversion on the Payco home screen.
convert points
convert points
After selecting Export in Convert Points, select Convert to Naver Pay Points.
It doesn’t have to be Naver Pay points. However, I chose Naver Pay Point because it is convenient and universal.
Convert to Naver Pay points
Convert to Naver Pay points
Convert 1P to Naver Pay points.
If you have multiple Naver accounts, you must select one of them. It doesn’t matter if you convert more than 1P, but since the value of cash is higher than Naver Pay points, there is no need to convert more than 1P.
4-3. cash back
If you use more than 1P from the amount charged in this way, you can refund cash to your account.
Refunds
Refunds
On the Payco home screen, click Refund.
Request for refund to account
Request for refund to account
Request a refund to your account.
Happy Money can convert 500,000P into Payco points at a time, so 460,000P excluding the 8% commission will be converted into Payco points. And since you used 1P of Naver Pay points, you can refund the remaining 459,999P in cash.
Select refund target
Select refund target
Points charged through cash, Culture Cash, Book Culture, Happy Money gift certificates, or mobile T-money are exempt from refund fees.
For your information, since the amount charged once is 500,000 P, even if you have charged 1 million P twice, the refund will be made in units of the amount charged once. Therefore, the 1P point conversion and account refund procedures must be repeated twice.
5. Sangtech Strategy
Let’s summarize the article.
1. First, purchase a Happy Money gift certificate from Timon, WeMakePrice, etc.
2. At this time, use a gift certificate accumulation card or a gift certificate performance evaluation card to receive benefits.
3. After charging the gift certificate with PAYCO points, it is refunded to your account and converted into cash.
These three are the basic structure of Sangtech. In order to earn a steady income from Sangtech, you must purchase gift certificates at an appropriate amount, and you must own and continue to use the card to receive the benefits of gift certificates. Once you get used to it, it will be a very efficient side income.