Third-Party
Easy one for dinner this weekend.
Your Shping rewards are immediately transferrable to your Australian bank account straight from the app. No 3 month wait periods here… Withdrawal fee may apply.
Simply
Download the app
Activate your favourite offers
Shop as normal
Upload your receipt
Earn!
There are two ways coins can be redeemed: Transfers of coins to Coinbase which is free, where coins can be converted to AUD.
The alternative option is a cash-out service, in which Shping acts on behalf of its users by transferring their coins to a cryptocurrency exchange.
This process involves trading Shping Coin for USDC (a stablecoin) and subsequently converting USDC to AUD (Australian Dollars).
The ultimate goal is to facilitate the distribution of the resulting funds to the Australian bank accounts of the app users.
However, it's important to note that this service is not provided free of charge; there is a $1.50 fee associated with it.
Note: This fee is waived for the first 25 days of a new user.
Most users cash out once a month and find the $1.50 fee palatable given the app is free to use and they are earning the coins for fairly low effort.
The booster tells you to add to your shopping list and prompts you to do so. Do you need to do that step?