PayPal is launching a new rewards program to help people find deals online and save money thanks to its acquisition of Honey.

Honey is a browser extension that scours the web for deals, promo codes, or coupons for online stores (and a popular YouTube channel sponsor). PayPal bought the developer behind Honey (opens in a new tab) back in early 2020 but haven’t really done much with it until today. Now with aptly named PayPal Rewards (opens in a new tab), aspects of Honey will serve as the basis for the new program. The company says the motivation behind PayPal Rewards is to help people “manage high costs [as we head] during the holiday shopping season.”

Discounts and rewards