Cashback shopping
What is a Cashback site?
A Cashback site is an excellent way of saving you money; it hosts an online shopping directory of some of the UK’s favourite retailers.
The Cashback site receives a percentage commission of your online purchases when you click on a link within the cashback site, taking you directly to the retailer’s website.
Providing you have used the link within the site and your transaction has tracked you will then receive a percentage of the commission.
Retailers are always looking for new customers so they are paying cash-back commission for introducing customers to their products and services.
Financial products such as Credit Cards, Loans, Banks, Building Societies and various Insurances are also advertised on these sites
There is money to be saved in all areas of business.
Cashback sites are free to join and many even give you a cash incentive for joining! (Some work in cash, others work using reward points that equates to cash)
Commission can take 1-3 months to be credited to members’ accounts so that the retailer can ensure that your purchases are not returned or a transaction is cancelled.
The cashback site has no involvement in your payment or the delivery of your purchase; they are purely the middle man.
Using a price comparison to find the best price
Before you complete your purchase, use a price comparison site to find the best price, and then use the link on the cashback site to take you to the retailer’s website, remembering though that sometimes the best price offered on the price comparison website may be cheaper than prices offered with commission/cashback.
Many cashback sites have a ‘Recurring / Daily Clicks section that will allow you to perform searches using price comparison sites e.g. Kelkoo, The High Street Web and Shopping.com to name just a few and be rewarded for doing so.
Restrictions apply to the amount of searches you can do per 24 hrs.
Sites reward you 4p-10p for doing a search via their site so will save you even more money if you are looking for the best price!
(Every Little Click Helps!)
Within a Recurring section you could be rewarded a total of 20p- 80p per 24hrs just for performing searches.
(20p x 365days = £73.00!!) (80p x 365 days = £292.00!)
When will you receive your commission?
Cashback sites in general set a min pay threshold e.g. £20 before they issue payment.
Payment options vary but are usually either by Cheque, BACS or Pay Pal
A few of the savings I have made!
Comet purchase £3650, I received £116 cashback…and this was the best price I could find online before commission.
£60 & £45 & £90 on Car insurance…again best price before commission.
I never shop online without using a cashback site…..and there are so many to choose from so it’s worth joining a few to get the highest commission/cashback.
My most recent saving (28/11) was as follows;
Sony DCR-DVD205 Camcorder
My dad saw it advertised in store at Comet as £334
Comet online it is priced at £304.
This same Camcorder is £394.87 in Currys!
We purchased online fromCameras2u.com for £297.50 with free delivery.
By using the link on the cashback site we also received £5.95 cashback.
Plus we printed off a special offer from Sony that if we send off the receipt we will receive an additional £50.00 cashback!!
A couple of Kate Calculations
£297.50 minus £5.95 equals £291.55
£291.55 minus £50.00 equals £241.55
The difference between Currys price and final price is a massive saving of £153.32
But if you prefer not to make a payment online, you can still receive online prices by ordering online and collecting from some stores direct e.g. Comet
If you would like to find out more information on Cashback sites then please visit my website,
http://www.click-your-way2cash.co.uk/p1.htm
Or if you would like any help finding the best price for any item, then please email me direct;
Kate@Click-your-way2cash.co.uk
Some quick links:
