What if you could get paid for shopping online? How about getting paid to visit a store? Doing nasty shopping? Paying for your broadband… Cashback websites are just that.
How do they work? How much can you earn? Do they really have exclusive deals? Are they really paying a serious payout? Is the money really going to your bank account?
Let’s take a look at all of the adverts claimed above and then move on to a review on the biggest and best Cashback websites out there.
Cash back websites earn a profit for every sale they make on behalf of their client. This means that if you buy a product or service through them, they will receive income from the seller; part of this proceeds will be passed on to you.
For high-net services such as insurance, utilities, banking, etc., you can earn $ 50 to $ 150 per qualified sale.
Typically, industries such as financial services, insurance, internet, mobile, and utilities pay a fairly decent amount for each eligible sale.
A qualified sale generally means that you are an approved customer for the first time and have gone through all the internal / credit checks necessary for the service provider to become a customer.
Cash back sites operate under the ‘Last Click’ policy. This means that you have to come directly from the cashback website via the link / button on their website and not from another website when you are ready to make a purchase. So even if you look at many websites before deciding on a new phone or laptop to buy, you should go back to Quidco or Top Cashback, log into your account and click on the product / deal link from there.
What you need to know before making a purchase
- Make sure you are signed in to your account
- Do not block cookies, ads and do not use incognito / private browsing mode when buying.
- Complete the purchase in just 1 go, so that your purchase is tracked very clearly by the system.
- Buy only one item at a time from a store. If you buy multiple products, chances are your entire order will be tracked at a lower cashback rate.
- Do not make any changes to the purchase after purchasing through a cashback website, if you do, the cashback will not be tracked for you.
- Do not use vouchers or codes from other websites, and do not use gift cards.
- Complete the transaction online. Very few retailers have phone tracking. Those that do make it clear on their store page.
- Read and understand the terms and conditions of the retailer’s cash back deal carefully.
- Make sure you know the clearing period of the retailer’s cash back. Typically, the time each merchant expects to send a payment is listed on the merchant’s page.
Best Cash Back Sites To Save Money
Now that you know what you need before purchasing, let’s take a look at the largest Cashback providers in the UK, US, Canada, China, India and Japan.
TopCashback offers a variety of cashback offers in a variety of industries. From utilities to cell phone subscriptions, electricity, travel, insurance and shopping, TopCashback has it all. TopCashback also offers other benefits: you can compare insurance plans for car, home, bike, van, travel and pets with 125 insurance companies in the UK (unfortunately, TopCashback does not yet offer insurance in the US, Japan and China). If you are not in the mood to shop online, but just browse stores and decide to buy an item, all you have to do is locate the store in the app and show the voucher code at the time of payment.
When you run errands, the TopCashback Mobile app is great for getting items at exclusive offers and prices. All you need to do is unlock an offer in the app, scan the product barcode and take a photo of the receipt when you pay for it. Another method of earning cashback is through your registered cards. For this you need to register your credit or debit card on the website, activate offers and shop through them in the store and you also start earning cashback through stores.
All cashback will be collected and a cashout will be issued when you reach the minimum thresholds of your selected withdrawal methods. TopCashback offers BACS (direct bank account transfer), PayPal, and many gift card options as a withdrawal method. Mind you, a retail gift card usually has a £ 10 threshold, while Amazon and M&S have a £ 0.01 threshold.
TopCashback is the UK Cashback Site of the Year for 2016 and 2017.
TopCashback – US, India, China and Japan
TopCashback is also active in the US, India, China and Japan. The regional websites aren’t as versatile as their UK counterpart, but they’re a good place to start when buying online from Macys, Nine West, Reebok, JC Penny, Dell, Jet.com, Bed, Bath and Beyond, Expedia, Hotels.com etc. For the US.
For India, TopCashback is a great option and should be the first stop before buying anything online or in store. Cashback from popular sites and providers such as Flipkart, Airtel, Ebay, Telenor, Reebok, Swiggy, Pepperfry.com etc. is available at flat rates or ranges from 4.5% to 12%.
Quidco – UK only
Quidco is another great cash back provider in the UK. Opposite TopCashback in the UK, it also offers some great features and has the highest cashback offer available. They cover travel, electricity, telecom, fashion, insurance and luxury brands. Quidco Compare works with insurance, energy / utility companies and telecom plans. All you need to do is fill in your details / requirements and the best offers from multiple providers will be shown to you. You can choose the best offer and complete the purchase through Quidco. If you want to have some time to think, Quidco will save your quote and you can retrieve it later for easy decision making. The Quidco ClickSnap gives cashback on selected offers in-store and online. All you need to do is upload the receipt within 7 days of your purchase at a participating grocery store within the allotted time frame. Unlike TopCashback, you don’t have to activate an offer before making a purchase. With Quidco High-street you can shop in-store and get cashback through your registered cards. However, you must activate retailers before shopping. Other ways to make money with Quidco is by giving opinions / taking surveys. There is also the rewards program where you shop at select Quidco partner sites / stores with coin icons and earn bonuses on top of your cashback.
Quidco offers different payment methods. These include bank transfer and PayPal, along with digital gift cards. The minimum balance required for withdrawal is £ 1 or £ 5 depending on the withdrawal method. The Quidco website is user-friendly and has an intuitive user interface. Because of this, I prefer a cashback website and because of their excellent mobile app. Quidco is always the first to come up with innovative methods to save while shopping or browsing.
Another popular US and Canadian cash back site is Rakuten Rewards. It doesn’t matter if the stores are brick-and-mortar or online, Rakuten offers deals / cashback on electronics, vacation, books, office supplies, health, beauty, clothing (men, women, kids), toys, food, flowers, and digital media etc. You can download the Rakuten app for Android or Apple devices and sign up to earn cashback at all the online stores available there. The way to make money back for a successful cashout is to have PayPal or get a check.
You can earn 5% cashback at many restaurants through the Rakuten app, including the tip! If you use lyft through the app, you can also get a refund for taxi rides. You can also get exclusive offers for online shopping. It doesn’t matter if you are a new customer or just there for referrals, when you buy you can earn a certain amount of cash back.
You can also book hotels and earn 10% cashback. If you want to shop in person, you can check which stores are available for cash back, then register your credit and debit cards and activate exclusive deals and offers before you shop in-store or in person. They also have double and triple cash back offers highlighted under a separate tap on the website. Make sure to check that out before you decide to shop at Rakuten.
You can also get the cashback button, an extension for your browsers: Google Chrome, Edge, Firefox and Safari. It alerts users on cash back sites about coupons, deals and cash back options.
Rakuten is available in the US, Canada, Japan, South Korea, Singapore, and China.
Depending on your country, it doesn’t matter whether you use Quidco, TopCashback or Rakuten Rewards; they are all very good and above board. You should always realize that a cash back site is always a bonus to your purchase and not a guaranteed payday.
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