Ever fancied being paid to go shopping? Well, now you can. Cashback sites will offer to pay you cash when you make purchases online or on the high street by registering a credit or debit card with the cashback company and using that in store.
There are a number of cashback sites in the UK, the two main ones are Quidco.com and TopCashBack.co.uk. Both have a wide number of companies offering deals through their sites, and the amount of money you can expect is laid out clearly on each.
Some people will get enough cashback in a year to, for example, pay for their Christmas in its entirety. Quidco has examples of some users getting as much as £1,300 back in a year on purchases they are making anyway, which is a significant amount. Given it has 4,000 retailers to choose from offering deals, the chances are you will find something that suits you.
TopCashBack claims to give 5% better cashback than its competitors, and if you do find a better deal elsewhere, it will match it. It also offers you the chance to get cashback by sending it photos of your in-store receipts, which could be useful if you forget to use the right card when buying from stores.
The best way is to sign up to a variety of cashback sites and check out whether the sites or shops you are planning to use are offering any cashback deals before you buy. Each site will be able to negotiate different deals, so you should check more than one to see whether you can get more cash from one than another.
But the most important thing is to remember to go to the retailer’s website via the cashback site so your cashback can be properly tracked, and it will then be sent to your linked account once it is paid.
There must be a catch?
No, not really, but there are a few things to watch out for. For example, the amount of time it will take for the cashback to be paid to you will vary not only between cashback sites, but also from retailer to retailer. You must also check the terms and conditions of each site to make sure you can make any claim or challenge for cashback that has not been received within the prescribed time.
Will this always be cheaper?
Ah, well that is a good question – the answer is no. While getting cashback is appealing, even with the cashback offer you may find that going to the retailer direct will actually be cheaper for you. So do check the cost by going direct and also by going through the cashback site before you make your purchase to be sure you are getting the best deal.
Yes, you can get discount voucher deals through some sites, and this will help to reduce your costs further. But remember, buying something that you do not need just because there is a ‘good deal’ on it does not make it a bargain.
Can I get something for nothing?
Actually, yes you can. There are some offers on the cashback sites that give you freebies or allow you to earn cash just for signing up for something, such as a survey. If you do not have to make a purchase to get cashback, then you really are getting money for nothing. It can be a way of getting a little extra cash or some freebies, but do not expect to get enough to pay a living wage.