Cashback Sites 101
Author : Rock Frank | Published On : 06 Apr 2021
Getting cashback on your shopping is a great way to save on purchases and make your money go further. Cashback sites allow you to shop from your retailer of choice and earn back a percentage of your purchase value. So, whether you are eyeing a new wardrobe staple from Harvey Nichols or an unmissable deal on eBay, using a cashback site will help you save money.
Cashback sites partner with various merchants and offer you rebates on the purchases that you make. Popular merchants like eBay, Home Depot, Macy’s, Walmart, Ann Taylor, and Boohoo can be accessed from a cashback website.
How To Use a Cashback Site
Using a cashback website to do your online shopping is pretty simple. The first step is to create an account or sign up.
Most reputable cashback sites are free to join so you should not pay any sign up or membership fee. Simply create an account by filling in your details. Any rebates you earn on purchases will be credited to this account. To safeguard yourself from scams, stay away from sites that ask you to pay for signing up.
Find Your Preferred Merchant
Cashback sites work with various businesses. Once you have created your account, all you need to do is log in and find your preferred merchant. If you want to purchase from eBay, simply scroll through the merchants to eBay then make your desired purchase. Once you have paid for the purchase you will get an eBay cashback on the amount spent.
Get Your Cashback
Once your purchase is made, your cashback amount is deposited back into your account. So if you purchased something on eBay, your eBay cashback will be deposited into your account. Depending on the cashback site you are using, you will be able to withdraw the cashback amount once it reaches a certain limit or spend it on other purchases.
The amount of money you get back will typically depend on the particular cashback site and the merchant. For instance, you may find that your eBay cashback is 1% while your Harvey Nichols cashback is 2%. These rates depend on the deal the site has with the merchant.
Cashback rates will typically vary from merchant to merchant. You may also find that the cashback rate fluctuates from week to week or month to month. This is because merchants may have certain offers and deals during specific periods.
Earn Money From Referrals and Bonuses
When using a cashback site, there is more than one way to make money. Some cashback sites pay you for referrals. This means that you get a bonus amount credited to your account for bringing new members to the site. There also sites that will offer you a signup bonus once you create an account with them.
Some cashback sites will also offer you shopping points for reaching a specific spending limit. For instance, if you purchase an item from Harvey Nichols some sites will offer you a Harvey Nichols cashback plus shopping points. This helps you to save even more on your purchases.