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REDEEM OPTIONS

By shopping at your favorite online retailer via pickakart.com you get rewarded in either:-

·Cashback

·Gift Voucher Points (GVP) which can be exchanged only for Gift Vouchers of equal value. Gift Vouchers can be used to make purchases from specified shops

Cashback can be redeemed in one of the following methods.

·Wire (Online Transfer)

·Mobile/DTH Recharge

·Gift Vouchers emailed to you.

·Cheque Mailed to your postal address.

You must have an aggregate minimum of Rs.100 ‘confirmed’ Cashback/ GVP in your Pickakart account. Please note that redemption requests are kept on hold till 30 days after confirmation of each purchase that earned you cashback/ GVP.

Processing Fee

The Cashback/ GVP credited to your Pickakart account is 100% of the commission received by pickakart from the retailer. Thus a processing fee is charged on Cashback/ GVP redeemed by you, which is automatically deducted from each payout request.For every 5 qualifying referrals under your Pickakart account, the processing fee is waived off for one payout request each effectively giving you 100% of the commission received by Pickakart. The processing fee charged depends on the aggregate value of confirmed Cashback/ GVP in your Pickakart account ready for payout.

Amount being redeemed

Processing Fee

Between Rs 100 and Rs 500

35%

Between Rs 501 and Rs 1000

25%

Between Rs 1001 and Rs 3000

20%

Between Rs 3001 and Rs 5000

15%

Between Rs 5001 and Rs 10000

10%

Above Rs 10001

5%

We assure you that we will reduce the Processing Fee in time as our volumes increase.

Waiver of Processing Fee

For every 5 qualifying referrals under your account, the processing fee is waived off for one payout request each. Members who registered with pickakart by clicking on your unique referral URL are categorized as qualifying referrals only when they have an aggregate minimum of Rs.50 confirmed Cashback/ GVP in his/her Pickakart Account.

For every 5 qualifying referrals under your Pickakart account, the processing fee is waived off for one payout request each, effectively giving you 100% of the commission received by Pickakart.

Cheque Payout Fee

Payouts by Cheque carry an additional fee of Rs 50 which is automatically deducted from each Cheque payout request.