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In this post, we will get to know that how to use OYO money? The OYO money wallet is a great way to save your pocket on booking OYO rooms.
We will discuss everything you need to know about OYO Rooms virtual currency.
This is basically used for bookings of rooms and making payments on checkout. We have also included some FAQs at the end to clarify any doubts.
Table of contents
What is OYO Money?
There are two virtual currencies that they use first is OYO Money and another is OYO Rupee.
This amount is not applicable to all the properties. It is only available for bookings and payments, as it is a promotional credit.
How to Get this Money?
A Promotional Amount in the form of offers and coupons. You can use this when you book a hotel room.
How can I use this money on Oyo app?
It allows you to pay with your credit/debit card. There is a Referral Code that will allow you to invite your friends to sign up for OYO Hotels and Homes. This will activate cash-back to your OYO Wallet.
You may be eligible to receive this by adding money to your OYO Wallet. This could include cash-backs, coupons, or details for booking hotel rooms on specific days.
it lets you pay a specific amount for a booking via OYO Money at various hotels. This amount can vary from one property to another.
Follow these steps to use OYO Money for your bookings
- Visit their App or Website
Visit their website or open the OYO Hotels and Homes app
- Select Date & Place
Choose the date and place where you would like to book an OYO Room.
- Apply Filters
You can apply filters to find the best OYOs in your area.
- Select OYO Property
Choose the OYO property that you like.
- Check the Promotional Applicability
The property that you will select may or may not be applicable to the promotional amount. You will then see the final amount which you have to pay!
Please ensure that you are at least 18 years old when making your bookings. To confirm the booking, you must have valid identification proof.
- Aadhaar card
- Driving license
- Voter ID card
Photocopies of specific ID proof are not permitted. Guests must bring the original copy. OYO rules and regulations do not permit PAN cards to serve as valid ID proof.
You cannot earn from Referrals. It is automatically added to your wallet promotionally.
OYO Money Usage Policy
When making a booking via the official website, or app, you can use between 10 to 30 percent of this amount.
This means that you can’t use all of it for payment.
Let’s say you have 1000 Rs in your virtual wallet. You want to book a room which is costing you Rs.1200. For that, You can then use the maximum wallet amount of Rs 120 to Rs 360 (between 10% and 30% of the total booking amount).
How to Use OYO Money for Booking
It is very easy to use. To redeem it, you don’t need to do anything. OYO automatically calculates the amount and debits it from your wallet.
This virtual currency, as mentioned earlier, is property-centric and city-specific. It is possible that some properties might not accept it.
However, it must be applicable to the property where you want to book the room.
it is completely at the discretion of the hotel’s owner as to how much amount should be chargable from Oyo money. It all depends on the property. The OYO wallet cannot decide the percentage (10%, 30%) of the booked amount. These are all done automatically.
How to use OYO money for payment in any hotel
This applies to certain cities and properties. it completely depends upon the hotel’s authorities whether to accept the Oyo money or not during booking.
Virtual currency cannot be used in all hotels. On the booking page, you can see if the hotel is accepting it or not.
The booking page will show the amount that the hotel will accept if the OYO wallet is used.
It is mentioned as “Oyo Money is not applicable to this property”
You can therefore say that you only have one way to determine if the hotel accepts it.
How to Transfer this money in your Paytm account
OYO wallet works only with closed wallets. Credits are not available for promotional purposes. These are credits that can only be used to book hotels and other services.
Technically, it is impossible to transfer money from your Oyo wallet to Paytm.
OYO Money expires in how many days?
This app mentions the Expiry date of the Promotional Amount. It ranges from 30 days to 180 days.
OYO Money Limit
The monthly usage limit is currently Rs. 25000 per person, as of now. The fixed limit cannot be exceeded.