Cashback is a straightforward and rewarding way to save money while you shop or engage in specific online activities. It's essentially a system where you earn a portion of the money you spend back into your wallet or account.
What is Cashback?
Cashback is a financial incentive offered to customers when they make a purchase through a specific website or app. Instead of discounts or points, you receive a percentage of the money you spend back as real cash or rewards.
For example:
- You spend £100 on a partner retailer through a cashback site.
- If the cashback rate is 5%, you'll earn £5 in cashback.
How Does Cashback Work?
The cashback system operates through partnerships between retailers and cashback platforms. Here’s how:
- Retailers Partner with Cashback Sites: Retailers work with cashback platforms to promote their products and services. They pay a commission to the cashback site for driving traffic and sales.
- You Shop via the Cashback Platform: When you visit a retailer's website through a cashback platform's link, your purchase is tracked using special referral technology.
- Retailers Pay the Cashback Platform: Once your purchase is confirmed, the retailer pays a commission to the cashback platform as a reward for referring you.
- The Cashback Site Shares the Reward: The platform then shares a portion of this commission with you as cashback.
How to Get Started with Cashback
It’s simple to start earning cashback:
- Sign Up: Create an account on a trusted cashback platform like ours.
- Browse Offers: Explore deals and tasks listed on the site.
- Click and Shop: Click the offer link to visit the retailer’s website and make your purchase.
- Earn Cashback: Your earnings will track automatically and appear in your account.
- Withdraw Your Cashback: Once your cashback is confirmed, you can withdraw it to your bank account or PayPal.
Start Earning Today!
Ready to turn your shopping into savings? Sign up on quidrewards.co.uk and start earning cashback on your favorite brands today!