Beem It launches cashback rewards

NATIONAL

Beem It is a loyalty card app that simplifies customers earning rewards by scanning and storing loyalty cards in one location for instant access. A one-stop digital wallet. Launched in 2018, Beem It has over 1.5 members with 200 million connections at more than 500 retailers across Australia. Australia’s debit payments company, eftpos, has acquired Beem It.

The wallet securely stores virtual versions of debit and credit cards, so you do not need to enter your card details or carry a physical card at all to make payments. This is increasingly becoming the consumer choice for payment option.

In February 2022, Beem It launched its multifaceted Been Rewards programme that enables the customer to accumulate cashbacks in their Beem wallet when shop in store or via the Beem It app. This cashback rewards feature takes the app beyond its renowned real-time account-to-account payments functionality.

The Offers page allows the consumer to browse their favourite stores advising the cashback they can gain. These rewards sit in the form of Beembucks which sits in the Beem wallet until the consumer is ready to deposit into their chose card.

Instore, customers can automatically redeem any available offers when using a linked card, while online, customers can browse available rewards directly in their Beem It app, linking them straight to the participating retailers’ web store. Beem It CEO Mark Britt said “Beem Rewards lifts the lid on a huge number of great offers for Australian consumers, ranging from local coffee shops to styling brands and bespoke experiences that re-connect commerce with purpose.” He said supporting and connecting local Aussie businesses to consumers remains at the core of the Beem Rewards, with a purpose built “map view” enabling customers to discover great offers both nearby, or in a location they select.

As with most rewards apps, the funds return to a “jar” within the customer’s wallet which can be cashed out to a nominated debit card. Beem It is now working on additional ways these rewards can be redeemable.

For more information on Beem It, visit: www.beemit.com.au