One Pay – Cash Back Deal Program Terms
Effective as of December 20th, 2024
The Cash Back Deal Program (the “Program”) provides One Pay customers with cash back deals, which can be applied to Walmart Purchases (as defined below) (each, a “Cash Back Deal”). Cash Back Deals are not legal tender and are non-transferable. Each Cash Back Deal is subject to these Cash Back Deal Program Terms (“Terms”), One's Terms of Service, Privacy Policies, and any specific Cash Back Deal terms set forth in the One App. By accessing or otherwise using the services made available by One Finance, Inc. (“One”) you agree to be bound by these Terms. Note that some products or services may not be eligible for purchase using One Pay.
1. Cash Back Deal Availability
A Cash Back Deal may be made available to a One Pay customer after One Pay is used to complete a Walmart Purchase. The frequency that Cash Back Deals are made available and individual requirements for a Cash Back Deal vary by customer. Cash Back Deals are made available by One in its sole discretion and One does not guarantee or otherwise represent that customers will have a Cash Back Deal available at any given time. Available Cash Back Deals can be found in the One Pay tab of the One App.
If you have an active Cash Back Deal, it will persist and you will not be eligible for a new Cash Back Deal until you either (i) make a Walmart Purchase that meets its requirements or (ii) it expires.
Cash Back Deals may be applied to future Walmart Purchases only and you are limited to using a maximum of three (3) Cash Back Deals per day, measured in Pacific Time (PT). In the event a customer makes Walmart Purchases that meet the requirements for three (3) Cash Back Deals in a single day, they will not receive a Cash Back Deal after completion of that third Walmart Purchase, but will be eligible to receive Cash Back Deals on future Walmart Purchases, beginning 12:01AM PT the following day.
2. Program Participation
Cash Back Deals can only be applied to purchases made with One Pay at US Walmart locations, on Walmart.com and through the Walmart app (collectively, “Walmart Purchases”). One Pay may not always be available as a check out method for Walmart Purchases. To receive cash back in connection with a Cash Back Deal you must (i) make a Walmart Purchase that meets the requirements of your available Cash Back Deal and (ii) have a non-restricted One deposit account (“One Cash”) linked to your One Pay. Customers will not have earned or otherwise have any rights to cash back through the Program without a non-restricted One Cash linked to their One Pay.
If your application for One Cash is denied or if your account is restricted in any way (e.g. your One Cash is put into Limited-use, as detailed in the One Deposit Account Agreement) you will no longer be eligible to participate in the Program and any previous benefits that may have been made available to you in connection with the Program will be forfeited, including, without limitation, any rights to cash back. If you purchase a One Retail Card at Walmart, you must complete the account opening process described in the One Deposit Account Agreement in order to open your One Cash and participate in the Program.
To successfully redeem a Cash Back Deal you must meet its requirements in a single transaction at the time of initial authorization, after the application of any discounts or credits. If your purchase is processed in separate transactions and neither transaction meets the requirements for a Cash Back Deal, you will not have met the Cash Back Deal requirements. Additionally, if a transaction is later amended after the initial authorization occurs, such changes will not be considered in determining whether or not a purchase meets the requirements of a Cash Back Deal. A Cash Back Deal may only be redeemed once.
If you dispute, return, or charge back a purchase that met the requirements of a Cash Back Deal, One reserves the right to recover any cash back that was given in connection with that purchase or revoke any rights you may have to receive cash back in connection with that purchase. One will recover cash back from the Savings Pocket in which One initially placed it, but if you have insufficient funds in that Pocket to cover the recovery, then One may seek to recover those funds from the other Pockets of your One Cash.
3. Cash Back Receipt
Cash back from a Cash Back Deal can only be deposited into One Cash. If you have One Cash linked to your One Pay, cash back will be deposited into your Savings Pocket at the time a qualifying Walmart Purchase is authorized, but may occasionally be delayed.
If you do not have One Cash linked to your One Pay, you must link a non-restricted One Cash to One Pay within six (6) months from the date the qualifying Walmart Purchase. If you do not link a non-restricted One Cash during this time, your rights to any cash back in connection with that qualifying Walmart Purchase are forfeited.
4. Additional Terms
Cash Back Deals made available through the Program may be combined with other promotions made available by One. To the extent a One customer’s Walmart Purchase meets the eligibility criteria of a Cash Back Deal and other available promotions made available by One, that Walmart will be applied to the Cash Back Deal and to the other available promotions, to the extent permitted by the terms and conditions of those other available promotions.
The Program and any Cash Back Deal made available through the Program may be modified or canceled at any time, with or without notice to you. If it is determined that you have engaged in or plan to engage in abuse or gaming in connection with the Program, you will be prohibited from further participation in the Program, forfeit any right to cash back that has not yet been distributed to you and One reserves the right to recover any cash back that you have already received in connection with the Program. One makes decisions related to gaming or abuse in its sole discretion and those decisions are final, not subject to review or appeal.
As of 12/20/2024, the Annual Percentage Yield (APY) for funds in Savings is 3.75% up to $250,000 in total for customers who either (i) received $500 or more of eligible direct deposits in the previous month (ii) have a total daily account balance of $5,000 or more, and (iii) on funds saved directly into PayAutosave or ONE@Work Save. All other Savings balances have an APY of 1.00%.
One may issue you an IRS Form 1099-MISC, or other appropriate forms reporting the value of cash back earned through the Program.