Cashback

Cashback Sites Aims The end of the session the user may use the Cashback site for shopping. Objectives: What are Cashback sites What are the advantages and disadvantages of Cashback sites Which Cashback site to use How to use a Cashback site Planning ➢ What are Cashback Sites' These are online reward website which pays you cashback if you do your online shopping through them. They are free to join and very easy to use. ➢ What are the advantages and disadvantages of Cashback sites' ❖ Advantages • Free to join • Lots of cashback offers • Earn “free money” • Donate to charities ❖ Disadvantages • Payments is usually done by BACs or PayPal • Long waiting period for payments e.g. 3 months + • Administration fee for new members • The transaction can be untracked • The risk the merchant may not pass over cashback • Not all sites are on the cashback sites Which Cashback site to use' There are quite a lot of Cashback sites around at the moment but I will consider the current top 5 to use. 1. Quidco 2. Top Cashback 3. ipoints 4. We Promise To 5. Click Cashback Quidco It charges you an annual £5 administration fee taken from your cashback account once you have earned enough money to pay it. It has a good range of competitive cashback offers. It sends you your cashback on a quarterly basis either by BACS or by PayPal. Top Cashback The site does not charge you an annual fee. It has a very good range of online shops where you can earn cashback and there are a few 'free' clicks available. The transactions seem to track well and payment is by PayPal or bank transfer once your purchases are confirmed by the retailer. Payout by cheque also but you must have made £25 confirmed cashback before claiming this. ipoints This site will not pay out your rewards in the form of cash, but points. It has an online reward catalogue where you can exchange your ipoints for some stuff to buy or do. No Annual fee. We Promise To It charges you an annual £5 administration fee taken from your cashback account once you have earned enough money to pay it. Payment is by BACS, or you can receive Amazon vouchers. The site will reward you with £1 for every friend you refer to the site who goes on to earn £5 in cashback. Click Cashback This site will charge you a £5 annual admin fee which is deducted from your first transactions. Payment is by BACS. The site will reward you with £1 for every friend you refer to the site who goes on to earn £5 in cashback. How to use a Cashback site The basic concept of a cashback site 1. You want to shop online and get something back for doing so. 2. You find a cashback site that lists the retailer you are going to shop at. 3. You make sure that it is a worthy cashback site and offers you a good rate of cashback. 4. You clear your computer of any cookies so that any transaction you make through the cashback site will be recorded. 5. You register with the cashback site (or sign in if you are already registered). 6. Make sure you are signed in for this step. Then find the retailer you are going to shop at and click on the link to that shop found on the cashback site. 7. You buy whatever you were going to purchase at that online retailer. 8. You check back at the cashback site over the following few days to confirm that your due cashback is pending in your account. 9. You then have to wait for a period for this cashback to confirm in your account and then await payout of this cashback to your account. 10. You have received cashback for shopping online and buying something you were going to buy anyway. ➢ Questions & Answers Session