Save Money with Cashback Websites
Cash Back Websites - Can I Really Save Money with Cash Back?
The UK Make Money Programs Team
Cashback websites are great if you like to shop online. Designed with the motto of rewarding you with cash back savings whenever you buy online, thousands of businesses have set up affiliations with these types of websites.
And the savings you could acquire from joining the likes of Topcashback, Cashbackkings or Quidco are quite impressive.
All 100% payout models, you can receive up to 5% of the purchase value and make instant savings on your investments.
Mmm okay, but how does it work?
Whilst most Cash Back websites are free to join, some will require an annual slice of your cash back profits. For this reason we recommend that you only join Cash Back websites which offer free memberships and also ones that have got a large business base for you to choose from when shopping.
The process behind Cashback websites is fairly simple. Once you have set up a free account with one, you can log-on, search for a product you are interested in, see which businesses offer the best deals and buy. Easy.
And why is it so easier? Because whilst you are doing all this, whether it is buying an electrical appliance from Curry’s or setting up an account with HSBC, your Cashback site will be tracking your transaction and will be preparing your cash back bonus.
Surely, that is not profitable for them
You would think that, but Cash Back sites make their profits from taking advantage of the way commercial payments are done between websites. They simply list product providers for you to browse through, and when you come to click on one of these links, they get paid for sending you there.
Yet the real trick comes from their commission scheme. Whilst some will state they are giving you the full commission back, behind the scenes they have made an arrangement with the retailer giving them an additional slice.
Either way though, you are saving money!
How can it benefit me?
Receiving 4% of a products cost at Curry’s or 7% through Tesco Direct may not feel a lot when you are making purchases of £100 – it is only £4-£7 in savings – do this on every online purchase and you could potentially save thousands of pounds a year.
The key to utilising these sites effectively is to make sure you obey the following rules:
• Ensure you invest in the right product – make sure you check through all your possible product options first before you buy. Just because Robo Electricals is offering you 5% cashback on a £400 washing machine, doesn’t mean it is the best deal for you. By spending a few minutes researching you could find the same washing machine priced at £300 somewhere else.
• Look for Cashback – one useful tip is to first see if cash back is available and then search through a number of Cash Back sites to see who offers the best cash back deals. That a way you can receive a top product and the best savings.
PLEASE NOTE: Never count the cash back until it is back in your account. Things can go wrong if the Cash Back site does not properly track it or if the advertiser turns around and refuses to pay.
How can I use Cashback Sites to my advantage
Whilst it is always good to register yourself with a number of Cashback sites, it is still important when using these providers to make sure you understand all their rules.
Most Cashback sites will only payout when you have reached a certain threshold, so choosing to make only small purchases in order to get 5% cash back might not always work in your favour. You could in fact end up not getting paid at all.
Other useful tips include:
1. Referring a friend – almost all Cash Back sites will pay you a bonus for getting a friend to sign up to their website. Some will even give you a bonus whenever your friend earns cash back.
2. Clicks – notably one of the fiddliest ways to make extra cash, when you click on shopbots you could earn 2p to 4p per click. Now do this every day over numerous Cash Back sites, and you could earn at least £20 a month.
3. Paid Surveys – use this tip and you don’t ever have to spend a penny through their sites at all. Instead by signing up to online services via their website, you can offer yourself the chance to earn money from filling out surveys from companies. And luckily there are hundreds of these types of sites for you to choose from.
The most important point to remember is that every Cash Back site will have a different relationship with their retailer, meaning your percentage of commission will vary depending on their arrangement.
Either way though, Cash Back sites are a great way to save and even earn you money.
Top CashBack is a well known cashback website that's been around for a number of years. As a result of this, it's one of the most well known cashback websites on the internet today.
As opposed to some cashback sites, you don't get a free bonus for signing up but you can receive £1 for referring friends and family who go on to generate around £5 in cashback. In addition, you don't get charged an annual fee of any sort to become a member of their site.
Top CashBack also rewards you for being loyal to the site and depending on how active you are on the site, means you can sometimes earn more cashback per transation.
These perks are unique to Top Cashback and after taking everything into account we make it our number one choice. The fact it rewards your loyalty to the site is quite frankly brilliant and shows they really care about their customers.
Top CashBack has a vast range of shops online and we were impressed with the tracking system of the site. The cashback transactions seemed to track extremely well and once confirmed, you can choose different payment methods from Paypal or Bank transfer.
Here at UK Make Money Programs we were paid a few times and the whole process flowed quite nicely and there were no hiccups in terms of getting the earnings into our account. When we did have to test their customer support out for a basic administrative issue, we received a reply very quickly. As with any website, this is a positive sign and shows websites are treating their customers well.
Greasy Palms has also been around for a number of years now and has paid vast amount of money to it's users.
When you sign up to Greasy Palms, you will instantly receive £2.50 free. The site is very easy to use and as you will see when you visit the site, it has lots and lots of cashback offers.
The site itself is packed full of content and has lots of sections to keep you occupied, including sections that offer coupon codes which you can use to save money on specific products and services.
We thought the one section where users post offers they find particularly pleasing as this adds to the autenticity and trust of the site.
Whilst Greasy Palms is a solid cashback website, we have heard from UK Make Money Programs users and the make money community alike, that their cashback rates have continued to decrease over the past few years. So whilst you should use the site for the reasons already stated, you should also check other cashback websites to see if you're getting the best deal out there.
eBuy and Save claims to be the UK's top Cashback and Rebate website. In our opinion this is simply not the case as there are so many Cashback websites including the 2 reviewed above that are much better.
The eBuy and Save website itself isn't very user friendly at all and it doesn't seem to compare to the offers that are available on other Cashback websites.
If you do decide to signup to eBuy and Save though, there are some perks. When you signup you receive a cheeky £5 free and if you get family and friends signed up to the site, then you will receive 2.5% of the cashback that they earn whilst using the site.
If you would like a more robust and more hands on way to make money online, then you should read our credible reviews on the Top Make Money Programs Online payong close attention to the 'Home Online Jobs' make money system in particular.