PayPal’s new rewards program includes Honey shopping discounts

PayPal is finally doing more with its Honey acquisition. The payments giant has launched a unified PayPal rewards program that will merge Honey’s cash back and rebates features with in-store deals and other PayPal-specific perks. You now have a single place to manage and use all the money-saving features of the service. In the future, this will include a range of “map products”, according to the company.

The Rewards program is available today in the US and you can view it in a dedicated section of PayPal’s mobile app. Once you’ve earned Honey Gold points, they become PayPal Rewards points, which you can access centrally by linking accounts.

PayPal bought Honey for $4 billion in 2019, marking the company’s largest acquisition at the time. However, not much has changed for users. While there was a name change to PayPal Honey, the functionality remained largely the same – you still don’t need a PayPal account to sign up. While the new rewards program doesn’t mandate the use of PayPal, it does at least give you an incentive to link accounts.

The move may not have much practical impact if you have taken advantage of these offers before. However, it might be easier to keep track of. There’s also no doubt that PayPal hopes you’ll try Honey or other money-saving services if you haven’t already considered them.

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Russell Falcon

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