Last Updated on
If you are wondering how to save money when shopping online, Cashback sites are the answer. These incentive programs offer great cash rebates on online purchases leaving you happier at the end of the month. There are plenty of cashback websites online and the good thing about them is that they cover quite a number of retailers including the high-end and affordable brands. The cash return rate ranges between 1% and 50% of the purchase price. The rebate rate will vary based on the product and the store.
How does the system work?
It is quite easy to understand. Cashback sites function like affiliate sites. They team up with retailers to help the product providers market their products and services and to enable customers to get the desired products and services at a discounted price. The cash return customers receive is actually a part of the commission the website receives for its promotional efforts. Cashback sites pay shoppers an online shopping rebate for every purchase made via their site. It is accumulated and returned in the form of cash or credited to the shopper’s bank account. Payments are also made via PayPal or rebated in the form of gift vouchers.
Thus, you shop the same way you do otherwise. The only distinction is that at the end of the day you earn some extra money back. A few websites also offer customers cash rewards for referrals. It might either be a one-time fee or a certain commission for every time the referral transacts through the site.
Do Your Due Diligence
Given the popularity of this incentive program, there are plenty of cashback sites, some good and some bad. Hence, you should choose a website only after you conduct a thorough research on the same. Do a review check to see what past customers have to say about their dealings with a particular site. The best option is to use a popular site that has good feedback. Another tip is to withdraw the bonus as soon as it hits your account.
Earning Your Cash Back
After you select a website you would like to shop with, you will have to register with them by creating an account. The registration process is free of cost and will require you to provide personal details such as your name, email address and contact number. As a member, you can login, search for your favorite stores and retailers, check the cash rebates they are offering and finally make your shopping decision.
When you click on the provided links, you will be redirected to the retailer’s website. This is where you will make your purchase and pay the price. For every completed transaction, you will receive an email notification and the cashback will show as pending until confirmed and cleared by the retailer. Typically, it takes a few days following which it flashes in your website account.
Cashback sites have a minimum withdrawal threshold. A few might release payments after specified durations for instance every fortnight, every month or every six weeks.