PayPal acquired rewards platform Honey a number of years in the past and this week it introduced it’s folding in Honey’s options and providers into its personal platform as a part of the brand new “PayPal Rewards” providing.

Honey is a well-liked browser extension that trawls the net in quest of offers, coupons, and promotional codes. It signifies that from this week, all earned factors, present playing cards, and PayPal procuring credit acquired in Honey will now be viewable in a brand new Rewards part in the primary PayPal app, making it simpler for customers to handle their associated funds whereas additionally making the most of new methods to earn factors.

Points will be picked up by way of using the PayPal app or utilizing the Honey extension to trace down reductions. When it involves cashing in factors, 100 of them will get you $1, with the money in a position to be transferred to both a PayPal Savings account, linked checking account, one other particular person or group as an everyday fee, and likewise to a charity.

Announcing the incorporation of Honey’s options into the PayPal app and likewise the launch of PayPal Rewards, the corporate mentioned the brand new setup will construct on the almost $200 million that PayPal customers have already saved this yr through PayPal Honey-enabled money again and reductions.

“With the financial challenges people face these days, brought on by rising prices and the need to tighten budgets, it can be frustrating to shop for everyday essentials or plan for the holidays,” PayPal government Greg Lisiewski mentioned in a launch. “PayPal Rewards makes it easy to find sales, discounts, and great deals when making a purchase with PayPal — through cash back, discount codes, or other rewards.”

PayPal Rewards launches first within the U.S. and is being rolled out now through an app replace.

PayPal acquired Honey in 2019 for $4 billion. The sum continues to be probably the most PayPal has paid for a buyout by some margin.

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