Shopify introduces Shop Cash rewards program for Shop app users

Share via:

Shopify has unveiled a new rewards program called Shop Cash within its Shop app. The program, funded by Shopify, allows shoppers to earn 1% back on purchases made using Shop Pay, the platform’s online checkout service.

Once a purchase is completed, shoppers will see their rewards reflected in their Shop Pay wallets in the Shop app. These rewards can be redeemed on future purchases made within the app, alongside the user’s preferred payment method.

The Shop Cash rewards program is available immediately for eligible Shop Pay purchases made by merchants and shoppers based in the United States.

To celebrate the launch, Shopify is hosting a special event called Shop Day, during which it will give away over $1,000,000 in Shop Cash. Partnering with selected merchants like MrBeast and Monday Swimwear, the company will share custom links across their social channels. Shoppers can redeem Shop Cash by clicking on these links and making purchases directly within the Shop app. The claimed Shop Cash can be redeemed within 30 days.

Harley Finkelstein, President of Shopify, expressed his excitement about the new rewards program, stating, “Shop Cash represents the next evolution of Shop, connecting independent brands to more shoppers and rewarding those shoppers for being loyal fans.”

Shopify launched the Shop app in 2020, as an updated version of Arrive, a package tracking app for Shopify and other retailers. In addition to package tracking, the Shop app enables users to explore a feed of recommended products, learn about brands, and make purchases using Shop Pay.

According to Shopify, 44% of orders on the Shop app are repeat purchases, and the use of Shop Pay can increase conversion rates by up to 50% compared to guest checkout.

The introduction of the Shop Cash rewards program follows Shopify’s recent collaboration with Israeli B2B payments startup Melio to offer a bill pay tool that allows U.S.-based merchant customers to manage expenses and vendors through the platform.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Shopify introduces Shop Cash rewards program for Shop app users

Shopify has unveiled a new rewards program called Shop Cash within its Shop app. The program, funded by Shopify, allows shoppers to earn 1% back on purchases made using Shop Pay, the platform’s online checkout service.

Once a purchase is completed, shoppers will see their rewards reflected in their Shop Pay wallets in the Shop app. These rewards can be redeemed on future purchases made within the app, alongside the user’s preferred payment method.

The Shop Cash rewards program is available immediately for eligible Shop Pay purchases made by merchants and shoppers based in the United States.

To celebrate the launch, Shopify is hosting a special event called Shop Day, during which it will give away over $1,000,000 in Shop Cash. Partnering with selected merchants like MrBeast and Monday Swimwear, the company will share custom links across their social channels. Shoppers can redeem Shop Cash by clicking on these links and making purchases directly within the Shop app. The claimed Shop Cash can be redeemed within 30 days.

Harley Finkelstein, President of Shopify, expressed his excitement about the new rewards program, stating, “Shop Cash represents the next evolution of Shop, connecting independent brands to more shoppers and rewarding those shoppers for being loyal fans.”

Shopify launched the Shop app in 2020, as an updated version of Arrive, a package tracking app for Shopify and other retailers. In addition to package tracking, the Shop app enables users to explore a feed of recommended products, learn about brands, and make purchases using Shop Pay.

According to Shopify, 44% of orders on the Shop app are repeat purchases, and the use of Shop Pay can increase conversion rates by up to 50% compared to guest checkout.

The introduction of the Shop Cash rewards program follows Shopify’s recent collaboration with Israeli B2B payments startup Melio to offer a bill pay tool that allows U.S.-based merchant customers to manage expenses and vendors through the platform.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

‘Microsoft’s MacBook Air’ is more like a MacBook Pro

Two new laptops announced yesterday are being touted...

Pinecone launches its serverless vector database out of preview

Pinecone, the vector database startup founded by Edo...

Special mud helps XGS Energy get more power out...

Young geothermal energy wells can be like budding...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!