Key takeaways
- Eligible card payments earn 1% of the payment amount, paid as the equivalent value in SHOP Token.
- Cashback is credited after settlement, typically within a few business days.
- You can hold, transfer or swap SHOP Tokens to USDT in the app.
- SHOP Token is a digital asset: its value can rise or fall and the programme terms may change.
How the cashback is calculated
Pay $100 and you receive cashback worth $1; pay $500 and receive $5; pay $1,000 and receive $10 — each paid as the equivalent value in SHOP Token at the rate used for the cashback calculation. The number of tokens therefore varies with the SHOP rate at that moment.
When is it credited?
Cashback is credited to your wallet once the card transaction has fully settled, typically within a few business days. Refunded or reversed payments do not earn cashback; certain merchant categories may be excluded.
Three things you can do with SHOP Tokens
- Hold them in your SCHWARZMAN wallet.
- Transfer them to a SHOP-compatible external wallet. Check the network and address carefully — a wrong address can mean the tokens are lost.
- Swap them to USDT in the app. The current rate is shown before you confirm and the USDT is credited to your card balance, ready to spend.
Frequently asked questions
- Do I need to buy SHOP Tokens to take part?
- No. You receive SHOP Tokens automatically as cashback on eligible payments with your SCHWARZMAN card.
- Does the cashback always keep its value?
- No. At the moment of calculation you receive tokens worth 1% of your payment; afterwards their value follows the market.