This week I had the opportunity to meet with a reporter from WBNS 10 TV in Columbus to talk about Cash Back Shopping. When I asked around to see if any of my friends wanted to join in on the interview, I realized that many of them aren’t taking advantage of Cash Back Shopping deals online, so I wanted to take some time to share some info with you about it.
What exactly is “Cash Back Shopping”? – Cash Back Shopping involves using a cash back site (ex: Ebates) to navigate to an online retailers site (ex: Gap.com). You make your purchases, and a percentage of your purchase will be refunded back to you.
How does Cash Back Shopping Work? – It’s easy (I promise!):
- Visit a Cash Back Website and set up an account (my favorites are: Ebates, ShopatHome and Mr. Rebates)
- When you are ready to shop online, visit the Cash Back site(s) you signed up for & log in
- Search for the retailer that you want to shop
- Click over to the retailer’s site through the cash back site
- Shop as normal and your cash back site account will be credited (typically anywhere from 2-30% of your purchase excluding taxes and shipping)
- Receive a check in the mail! (or get pay via PayPal in some instances)
Some Additional Notes - Many of the cash back sites offer sign up and referral bonuses. This is a great way to earn a little bit of extra cash. Also, most of these sites offer daily and weekly deals, for example, check out Double Cash Back during Fashion Week on Ebates here. Many of these sites also offer coupon and free shipping codes for popular retailers – a great way to save even more!
If you are already doing a bulk of your shopping online (as I am), you should really look into using these sites – especially for big ticket purchases such as computers/electronics. One to two extra clicks can result in a check in your mail box – and who can’t use a little bit of extra cash?
So what is the catch? – there really is no catch that I am aware of. Basically the way it works: the cash back sites are paid commission from the retailers to direct traffic/business to them. The cash back sites are able to pay you a certain percent back by sharing some of their profit with you.
So I am curious, how many of you currently use cash back sites when making your online purchases? And if you aren’t, what is holding you back? Free free to ask questions – and I’ll do my best to help!