How Cashback Works with Cloudfloat - Cloudfloat knowledge centre

Understanding Cashback with Cloudfloat

Cloudfloat offers cashback rewards on completed payment requests using the Cloudfloat Wallet, helping you reinvest in your business. Here’s how it works:

Earning Cashback: Each time you pay a supplier tax invoice through the Cloudfloat Wallet, you earn a percentage of the processing fee back as cashback.
Redeeming Cashback: Your cashback is automatically credited to your wallet once a payment request is marked as paid. This can be used towards future invoices straight away, giving you more flexibility with your funds.
Eligibility Requirements: Every payment instalment must be settled using the Cloudfloat Wallet to earn cashback for a particular invoice.
Tips to Maximise Cashback: Consistently paying supplier tax invoices through Cloudfloat not only unlocks cashback but also strengthens your business’s cash flow. Set up auto recurring wallet top-ups for higher cashback rates and uninterrupted payments.

Cashback rates:

5% Cashback: Available on processing fees (excluding GST) for all users who use their Cloudfloat Wallet exclusively for payments.
10% Cashback: Available on processing fees (excluding GST) for users who use their Cloudfloat Wallet and have an recurring auto top-up enabled.

Check your Cloudfloat dashboard regularly to view your accumulated cashback and redeem it when ready.