Cashback Terms & Conditions

These Cashback Terms & Conditions (the “Terms”) govern participation in the Brighty Cashback Programme (the “Programme”) made available by BTY Digital AG, a Swiss stock corporation (Aktiengesellschaft), Swiss UID CHE-352.538.716, with registered office at Mühlegasse 18, 6340 Baar, Switzerland (“BTY”, “Brighty”, “we”, “us” or “our”).

BTY is affiliated with VQF, a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA) under the Swiss Anti-Money Laundering Act (AMLA), membership no. 100917.

These Terms apply in addition to the applicable BTY General Terms and Conditions, Privacy Notice and any card, payment or third-party provider terms applicable to the relevant Service. If these Terms conflict with terms specifically governing a relevant card, payment or third-party service, the more specific terms applicable to that Service will prevail with respect to that Service.

By participating in the Programme, the Client confirms that they have read, understood and agreed to these Terms.

1. ELIGIBILITY AND PROGRAMME ACCESS

1.1 Eligibility

The Programme may be made available to eligible Personal Clients who:

(a) hold an active BTY account;

(b) have successfully completed BTY’s required onboarding, KYC and AML/CFT checks;

(d) reside in a jurisdiction in which the Programme may lawfully be offered.

For the purposes of these Terms, a “Personal Client” means a natural person who uses BTY’s Services for personal, family or household purposes.

1.2 Programme Availability

Participation in the Programme is subject to eligibility requirements determined by BTY and, where applicable, relevant card issuers, card schemes, payment processors, merchants and other third-party service providers.

BTY may restrict, suspend or withdraw access to the Programme where reasonably necessary for legal, regulatory, compliance, risk, jurisdictional, product, merchant-network, card-programme, security or operational reasons.

1.3 Personal Use

The Programme is intended for genuine personal use by the Client and may not be used for business, commercial or bulk purchasing activities.

The Programme must not be used in connection with artificial, circular, fabricated, abusive or manufactured transactions or other activity designed primarily to generate cashback or otherwise manipulate the Programme.

2. EARNING CASHBACK

2.1 Eligible Transactions

For the purposes of these Terms, an “Eligible Transaction” means a genuine purchase made using an eligible Brighty card or other payment instrument approved for participation in the Programme that:

(a) is successfully authorised and settled;

(b) is made with an eligible merchant or falls within an eligible merchant category;

(d) complies with the conditions applicable to the Client’s plan, reward tier, campaign or promotion; and

(e) is not an Excluded Transaction under these Terms or otherwise excluded under applicable Programme rules.

2.2 Cashback Rates

Cashback rates may vary depending on the merchant, merchant category, country, subscription plan, reward tier, campaign or promotional period.

The applicable cashback rate or basis for calculation will be displayed in the Brighty platform (the “Platform”) or otherwise communicated to the Client.

2.3 Cashback Calculation

Cashback is calculated on the final settled amount of the relevant Eligible Transaction.

The calculation may be subject to applicable cashback caps, exchange rates, conversion methodology, rounding conventions, merchant classifications and other Programme conditions communicated to the Client.

2.4 Settlement Requirement

Cashback is conditional upon the underlying transaction being successfully authorised and settled.

Cashback may be declined, withheld, adjusted or reversed if the merchant, card scheme, issuer, acquirer, payment processor or other relevant provider does not confirm the transaction as eligible or if the transaction subsequently ceases to qualify as an Eligible Transaction.

2.5 Excluded Transactions

Cashback is not available for transactions falling within excluded merchant categories or otherwise identified as ineligible under these Terms or the applicable Programme rules (“Excluded Transactions”).

Excluded Transactions include, without limitation:

card-to-card transfers;
ATM and other cash withdrawals;
gambling and betting transactions;
money transfers;
wallet or account top-ups;
quasi-cash transactions;
financial services transactions;
tax and certain government payments;
cryptocurrency or Digital Asset purchases, unless expressly permitted; and
transactions otherwise excluded by BTY, a relevant card issuer, card scheme, payment processor, merchant network or Applicable Law.

Cashback will not be earned on transactions classified under the following Merchant Category Codes (“MCCs”):

Category	Excluded MCCs
Financial & Money Services	4829, 6010, 6011, 6012, 6050, 6051, 6211, 6300, 6513, 6529, 6530, 6532, 6533, 6536, 6537, 6538, 6540, 6760, 8999
Gambling & Betting	7800, 7801, 7802, 7995
Government & Tax Payments	9211, 9222, 9223, 9311, 9399, 9402, 9405, 9411
Utilities & Essential Services	4900
Retail & Miscellaneous	5734, 5947, 7349, 7372, 8062, 8398, 8651, 8661

Cashback is also not available for transactions involving Curve cards or equivalent pass-through, intermediary or wallet-routing services where the relevant Programme or card rules do not support cashback attribution.

BTY may update the categories or MCCs that are excluded from the Programme where reasonably necessary due to changes in card-scheme rules, provider requirements, legal or regulatory requirements, fraud-prevention measures or Programme operation. Material changes will be communicated where required by Applicable Law.

3. CASHBACK BALANCE AND REWARD BOX

3.1 Crediting Cashback

Cashback rewards are credited to a dedicated internal cashback or reward balance (the “Cashback Balance”) and may, where available, be transferred or redeemed through the Reward Box or another reward facility displayed in the Platform.

3.2 Nature of Cashback

Cashback is a reward provided under the Programme and does not constitute interest on Client funds.

The Cashback Balance or Reward Box is not a bank account or savings account and does not constitute a repayable deposit.

The legal and regulatory treatment of any reward following redemption will depend on the form in which that reward is made available and Applicable Law.

3.3 Redemption

Eligible cashback may be redeemed in the forms displayed in the Platform from time to time, which may include:

supported stablecoins, such as USDC; or
other reward forms made available by BTY.

Cashback is not redeemable for cash unless BTY expressly makes cash redemption available.

3.4 Redemption Conditions

Redemption may be subject to:

minimum redemption thresholds;
daily, monthly or other applicable limits;
network, transaction or exchange fees;
conversion costs;
compliance or security checks; and
technical availability.

Applicable conditions will be displayed in the Platform or otherwise communicated to the Client.

3.5 Provisional Cashback

Cashback displayed in the Platform may remain provisional until the underlying transaction has been finally settled and any applicable verification or adjustment period has expired.

BTY may adjust or reverse provisional cashback where the underlying transaction ceases to qualify as an Eligible Transaction.

3.6 Expiry

Cashback does not expire unless an expiry period is expressly communicated to the Client through the Platform, applicable Programme rules or another durable communication.

Where an expiry period applies, the applicable conditions will be communicated to the Client in accordance with Applicable Law.

4. CASHBACK PROCESSING TIMES

4.1 Standard Processing

Most cashback is credited within 5 business days after the relevant transaction has been confirmed and settled.

4.2 Extended Processing

Certain merchants, card schemes, acquirers or payment processors may require up to 90 days or longer to confirm eligibility due to settlement cycles, return periods, chargeback periods or external verification requirements.

4.3 Third-Party Delays

BTY is not responsible for delays attributable to merchants, card schemes, issuers, payment processors, acquirers or other third-party service providers outside BTY’s reasonable control.

5. THIRD-PARTY MERCHANT AND CARD CONDITIONS

5.1 Third-Party Rules

Merchant, card-scheme, issuer, processor and acquiring rules may affect transaction eligibility, merchant classification, cashback calculation and settlement.

5.2 Changes by Third Parties

Participating merchants and applicable cashback conditions may change without prior notice where the relevant change is made by a third party or is otherwise outside BTY’s reasonable control.

5.3 No Guaranteed Availability

BTY does not guarantee:

continued participation of any particular merchant;
continued availability of any particular cashback rate;
continued eligibility of any merchant category;
availability of any particular campaign or promotion; or
uninterrupted availability of the Programme.

6. FAIR USAGE AND MISUSE

6.1 Fair Usage

The Programme is subject to reasonable fair-usage, fraud-prevention and anti-abuse controls.

6.2 Misuse

Misuse of the Programme includes, without limitation:

artificial, fabricated or manufactured transactions;
circular transactions;
self-refunds or refund abuse;
transaction splitting intended to manipulate cashback, Programme limits or eligibility requirements;
transactions entered into primarily for the purpose of generating cashback;
excessive or unusual activity materially inconsistent with normal personal use;
use of the Programme for business, commercial or bulk purchasing activities;
fraudulent or unauthorised transactions; and
any other attempt to improperly obtain, increase or manipulate cashback or other Programme benefits.

6.3 Measures in Case of Misuse

Where BTY reasonably suspects fraud, misuse, abuse or manipulation of the Programme, BTY may:

withhold or delay cashback;
reverse or cancel affected cashback;
request additional information or documentation;
restrict Programme functionality;
suspend or terminate the Client’s participation in the Programme; or
take any other measure reasonably necessary to protect BTY, the Programme, other Clients or relevant third-party providers,

subject to Applicable Law and the applicable BTY General Terms and Conditions.

Where appropriate, misuse of the Programme may also result in restriction, suspension or termination of the Client’s underlying BTY account in accordance with the applicable BTY General Terms and Conditions.

7. REFUNDS, CHARGEBACKS AND ADJUSTMENTS

7.1 Reversal of Cashback

If an Eligible Transaction is subsequently refunded, reversed, charged back, cancelled, disputed or otherwise ceases to qualify, BTY may reverse or deduct the corresponding cashback.

7.2 Insufficient Cashback Balance

If the Client’s available Cashback Balance is insufficient to cover an adjustment, BTY may apply the outstanding adjustment against future cashback or another amount lawfully recoverable under the applicable terms.

7.3 Ineligible Transactions

Cashback will not be granted in respect of fraudulent, unauthorised, cancelled, disputed or otherwise ineligible transactions.

8. MODIFICATION, SUSPENSION AND TERMINATION OF THE PROGRAMME

8.1 Programme Changes

BTY may modify, suspend or terminate the Programme, or any campaign, merchant category, cashback rate, reward type, eligibility requirement or other Programme feature, where reasonably necessary for operational, commercial, legal, compliance, security, risk, regulatory or third-party provider reasons.

8.2 Material Changes

Where a change materially and adversely affects the Client’s participation in the Programme, BTY will provide reasonable prior notice where practicable or where required by Applicable Law.

Changes required urgently by law, regulation, security considerations, fraud-prevention requirements or a third-party provider may take effect sooner where reasonably necessary.

8.3 Continued Participation

To the extent permitted by Applicable Law, continued participation in the Programme after updated Terms become effective constitutes acceptance of the updated Terms.

If the Client does not agree to the updated Terms, the Client may discontinue participation in the Programme.

9. AML/CFT, SANCTIONS AND COMPLIANCE

9.1 Compliance Requirements

Participation in the Programme is subject at all times to BTY’s onboarding, AML/CFT, sanctions, fraud-prevention, transaction-monitoring and other applicable compliance requirements.

9.2 Compliance Measures

BTY may delay, withhold, restrict, freeze, reverse or decline cashback, request additional information or documentation, restrict Programme access or take other measures where reasonably required for AML/CFT, sanctions, fraud-prevention, legal, regulatory or risk-management purposes.

9.3 Regulatory Obligations

Nothing in these Terms limits BTY’s obligations under Applicable Law, including applicable Swiss AML/CFT requirements, applicable VQF requirements or obligations arising in connection with relevant third-party providers.

10. DATA PROTECTION

10.1 Data Processing

BTY may process personal data necessary to operate and administer the Programme, including:

transaction information;
merchant category codes;
card identifiers; and
cashback eligibility and redemption data.

10.2 Privacy Notice

Personal data is processed in accordance with BTY’s Privacy Notice and Applicable Law, including applicable Swiss data-protection legislation and, where applicable, the GDPR.

BTY may share relevant data with card issuers, card schemes, payment processors, acquirers, merchants and other service providers where necessary to operate, verify or administer the Programme or comply with applicable legal and regulatory obligations.

10.4 Other Processing

Any processing of Programme-related personal data for other purposes remains subject to the applicable Privacy Notice and Applicable Law.

11. LIABILITY AND DISCLAIMERS

11.1 Nature of the Programme

Cashback is provided as a benefit under the Programme and remains subject to these Terms, the applicable BTY General Terms and Conditions and the availability and operation of relevant third-party systems.

11.2 No Guarantee

BTY does not guarantee any particular cashback amount, merchant participation, merchant category availability, reward type, cashback rate or uninterrupted operation of the Programme.

11.3 Third-Party Events

To the fullest extent permitted by Applicable Law, BTY is not liable for losses arising solely from:

merchant errors or cancellations;
card-scheme, issuer, acquirer or processor decisions;
changes in third-party cashback eligibility; or
outages, interruptions or delays caused by third parties outside BTY’s reasonable control.

11.4 General Limitation of Liability

Any limitation of liability applicable between BTY and the Client under the BTY General Terms and Conditions also applies to the Programme, except where liability cannot lawfully be excluded or limited.

Nothing in these Terms excludes or limits any liability or Client right that cannot lawfully be excluded or limited under Applicable Law.

12. TERMINATION OF PARTICIPATION

12.1 Suspension or Termination

BTY may suspend or terminate the Client’s participation in the Programme where:

the Client’s BTY account is suspended or closed;
the Client ceases to satisfy the Programme eligibility requirements;
fraudulent, suspicious, abusive or manipulative activity is reasonably suspected;
AML/CFT, sanctions, legal or regulatory requirements require or reasonably justify such action;
a relevant third-party provider requires suspension or termination; or
the Client materially breaches these Terms or the applicable BTY General Terms and Conditions.

12.2 Treatment of Cashback on Termination

Where participation in the Programme is terminated, cashback validly earned from Eligible Transactions before the effective date of termination will remain subject to these Terms, the applicable Programme rules and Applicable Law.

BTY may withhold, reverse or cancel cashback relating to transactions that are fraudulent, abusive, refunded, reversed, charged back, ineligible or otherwise obtained in breach of these Terms.

Where BTY terminates the Programme or the Client’s participation for reasons unrelated to the Client’s breach, fraud, abuse or ineligibility, validly earned cashback will remain available for redemption for a reasonable period, subject to Applicable Law, compliance requirements and the technical availability of the applicable reward.