How Magis Money works
1. Spend an amount in a trade matching my purchases
Each of the subsidized amounts that you carry to your account is accessible at the corresponding merchant. After your transaction finalized on the shop, you can immediately use your Magis money at the merchant corresponding to your purchase.
2. The Magis Wallet
You have a balance with a certain merchant and can’t or don’t wish to go back there? Not a problem! You can return the amount you invested to your Magis Money wallet.
The ‘return to wallet’ option allows you to recoup the refundable part of your balance that corresponds to the amount you have invested and have yet to spend with a particular merchant.
With just a few clicks, you can choose to return the refundable balance to your Magis Money wallet for later use to purchase an amount in another business when it suits you.
To do this, go to your Profile and click on My Wallet and click on my Money Magis to see the details of your rebate to the wallet and your refundable balance. Then follow the instructions to complete the operation.
Unlimited and free discounts up to 6 months after your purchase for VIP members (2 free discounts per month then $ 2 per transaction).
Unlimited discounts up to 3 months after your purchase and at a cost of $ 2 per transaction (for any amount of $ 10 or more) for regular members. Amounts of $ 10 or less are provided free of charge and automatically after 3 months of inactivity to the Magis Money Portfolio. The delivery to the Argent Magis wallet is not available during promotions.
3. Buy an offer from my Money Magis wallet
You have returned an amount to your Magis Money wallet? Use that money next time you buy an amount on our online purchase website. After adding a bonus purchase to your cart, you’ll be able to complete a transaction with the merchant using the money from your Magis Money wallet and complete your payment with your personal credit card if your Magis Money wallet money doesn’t cover the whole purchase.
How Magis Cash Wallet works
Load a cash amount on your Magis Visa* card.
Next time you visit one of the merchants for which you’ve purchased a bonus amount, if you’ve loaded cash on your Magis Visa card as well, it will be possible for you to pay the difference between the bonus amount you have on your card for this business and the actual total of your bill or invoice without having to use another method of payment!
Go to your account/my wallet and, using your credit card, load the amount you want. The amount will then be on your Magis Visa card and will be treated as a purchase by your credit card company. You will then have 30 days from the load date to pay back this purchase, just like any other purchase made with your credit card during that month. This will not be considered a cash advance on your credit card.
You have not loaded cash on your Magis Visa card:
You have bought a $100 amount for purchases at Merchant X which is boosted by 25% = $125 Your actual bill when you visit the establishment is $157.95.
You whip out your Magis Visa card: The transaction is declined because the total amount of your bill exceeds the amount available on your card for this merchant.
The solution when you have no cash balance on your Magis Visa card: You ask the merchant to debit the $125 available on your Magis card for this merchant and you pay the difference with your usual credit card. In this case, $157.95 – $125 = $32.95 billed to your credit card
You have loaded $200 cash on your Magis Visa Prepaid Card:
You have bought a $100 amount for purchases at Merchant X which is boosted by 25% = $125.
Your actual bill when you visit the establishment is $157.95.
You hand the merchant your Magis Visa card: The transaction goes through even though the total amount exceeds the amount available on your card for this merchant.
The Magis wallet solution: The $125 you have on your card for this merchant will be debited and an extra amount will be taken out of the $200 cash you’ve loaded into your account.
Debit: $125 + $32.95 out of your cash deposit. Total: $157.95
Balance in your cash wallet: $200 – $32.95 = $167.05
The purchase is made easily, quickly and problem-free, in one simple transaction. This way of doing things allows you the easiest, worry-free experience without having to use another payment method!
Note: the deposit is free for a limited period of six months, and will be billed later at $ 1.00 per deposit.