Wednesday 3 July 2019

The Ultimate Guide to Payment Methods for Offline Stores and its Rewards


We all know that cash is king but when it comes to payment, which is the best payment methods to use for offline stores in Singapore? Even though the rewards earned from some payment methods may be small but it adds up over time. 

Below is an example of a 1% cashback earned for a $20 purchase across different periods.


If you have always wondered which payment method to use when spending at offline stores, then this post is for you. 

Of course not all offline stores offer all types of payment methods, hence we will rank the payment method by their rewards, equipment and availability. 

For equipment, it will be what is required by the user to make the payment.
For availability, it will rated as such
  • Low (hard to find)
  • Medium (still can find)
  • High (almost everywhere) 


Payment Method
Equipment
Availability
Rewards
Cash
Coins or Notes
High
NA
Debit Card
Card
High
Points, Miles, Cashback
Credit Card
Card
High
Points, Miles, Cashback
Google Pay
Phone
High
Points, Miles, Cashback
Samsung Pay
Phone
High
Samsung Rewards Points, Points, Miles, Cashback
Apple Pay
Phone
High
Points, Miles, Cashback
NETS
Card
High
NA
NETS Flashpay
Card
High
NA
NETS Cashcard
Card
High
NA
NETSPay
Phone
High
NA
GrabPay
Phone
Medium
GrabPoints
FavePay
Phone
Medium
Fave Cashback, Points, Miles, Cashback
DBS Paylah
Phone
Medium
NA
AliPay
Phone
Low
NA
Wechat Pay
Phone
Low
NA
Singtel Dash
Phone
Medium
Cashback
Liquid Pay
Phone
Low
NA
UOB Mighty
Phone
Low
Points, Miles, Cashback
OCBC PayAnyone
Phone
Low
NA
EZ-Link
Card
Medium
Rewards points

Personally, my favourite payment methods that I often use for offline stores are credit card, GrabPay and FavePay since they give the most rewards and are commonly available to use.

If you often eat at cafes or restaurants, then you must sign up for Shopback Go. It allows you to earn cashback on top of the rewards given from your debit or credit cards. You will be able to withdraw your cashback from Shopback Go as cold hard cash into your bank account. Click here to sign up now >> Shopback Go

Do let me know if you know of other payment methods that you use for offline stores and the rewards it gives. Don't forget to subscribe by liking our Facebook Page for the latest updates! Also let us know what you would like us to blog about next!

No comments:

Post a Comment