You may have seen the adverts on TV for cashback websites and may be unsure of how they work, or think they sound too good to be true. Here we will explain how cashback websites work, and what the benefits are to signing up to them.
How do Cashback sites work?
Cashback sites are really simple, instead of going directly to the shop’s website, go to the cashback website and access the shop through the links that are provided. Then when you buy something, the shop will send you what you have bought, and the cashback website will give you back a percentage of your total price paid.
How do Cashback sites make money?
Cashback websites are able to pay you to shop as they have joined forces with the companies that are featured on their sites. This means that they receive a percentage of any sales they refer to that shop.
How much does it cost to join?
All Cashback websites offer a free to join basic account, but some of them offer a more ‘premium’ account for which you will pay a small monthly fee for.
Which Cashback websites are there?
There are many cashback websites to choose from:
What are the benefits to cashback sites?
If you do a lot of online shopping, you could soon end up earning a nice amount of money back. As there are lots of retailers who use cash back websites, you could earn money from small purchases such as a pair of socks, to larger purchases like a TV.
The rewards can be anywhere from 1% to 15% depending on the shop, and what you are buying.
Some of the cashback websites also offer you cash rewards just for being online, such as rewards for playing games and completing competitions and surveys.
What are the negatives to cashback sites?
Overall Cashback websites are safe to use and do what they say, however some people have reported that it can take a long time for the money to go into their accounts after they have made their purchase. If your using a cashback website, also make sure that you aren’t overpaying for an item just to get a cashback reward.