rules, how it works and what changes

Published on: 02/01/2021 11:18 AM

2021 State Cashback at full capacity since yesterday, January 1, with some new rules. The first phase of the Christmas Super Cashback, which began experimentally on December 8, is already archived, the program is already in full swing and will last until June 30, 2022. After the closing of the first phase on December 31, December, here are the others three of six months each: January 1, 2021 – June 30, 2021, July 1, 2021 – December 31, 2021, January 1, 2022 – June 30, 2022. Here, in detail, what changes and how it works.

WHAT CHANGES – If you have already registered since December, the registration will be automatic also in the following phases without having to repeat the procedure. Therefore, the passage from one phase to another will be visible in the ‘Portfolio’ section of the Io application, which will open a tab each new semester. On the other hand, the difference in the minimum transactions to obtain the 10% refund provided by the program is substantial: in fact, from 10 of the Christmas Super Cashback the 50 necessary transactions are passed.

HOW DOES IT WORK – Through the program, valid from January 1, 2021 to June 30, 2022, and by registering, it is possible to obtain a cash refund for purchases made privately (i.e. not for professional use), the national territory, with electronic payment instruments, against a minimum number of 50 valid transactions in a semester. Payments made at physical points of sale or towards artisans and professionals (plumbers, electricians, doctors, lawyers, etc.) who are equipped with an electronic payment acceptance device such as the Pos that allows participation in the program are counted. Online purchases are excluded.

The expected refund is equal to 10% of the amount of each transaction, calculated on the basis of the total value of payments made during the semester. There is no minimum spending amount: payments of any amount contribute to reaching the minimum amount. Transactions that exceed € 150 contribute up to a maximum total amount of € 150 per participation in the program. For each transaction, therefore, the achievable redemption limit is 15 euros. In any case, the quantification of the reimbursement is determined on a global value of the operations that never exceed 1,500 euros in a single semester.

HOW TO REGISTER – If registration has not yet been made in December 2020, here is how to participate in the program if you are over 18 years old and reside in Italy:

– Access the service through the IO application, after downloading and installing the application on your compatible smartphone or tablet.

– Access the IO website for more information or register in the other systems made available by the ‘Affiliate Issuers’, that is, by the subjects that issue the electronic Payment Instruments that you have chosen to participate in the initiative and that have signed an agreement with PagoPa Spa

– At the time of joining, you must provide: your Tax Code, the identification data of one or more electronic Payment Instruments that you will use for the purposes of the Program, the IBAN code in your name for the payment of refunds by bank transfer.

REFUND SCHEDULE – Experimental Christmas Extra Refund Period (December 08-31, 2020): February 2021

1st semester (January 1, 2021 – June 30, 2021): within 60 days after the end of the period

2nd semester (July 1, 2021 – December 31, 2021): within 60 days after the end of the period

3rd semester (January 1, 2022 – June 30, 2022): within 60 days after the end of the period