Getting free money.
Doesn’t that sound good?
This will be as good as getting free money.
Imagine getting cashback on your purchase. There are many cashback sites that will pay you for making a purchase.
You can get cashback on so many purchases ranging from home insurance to buying a pair of trainers. It is possible to earn hundreds using cashback sites and a great way to treat yourself with the earnings. Cashback sites are free to join however some of the sites have premium features you can access for a small monthly fee.
What is cashback?
When you make a purchase from a specific website you will get back a percentage of the amount you initially paid for the product or service back to you. You will receive money off the things you purchase similar to discounts or bonuses. Normally credit cards give you a small percentage back purchases you make through their service.
They do this to encourage you to use the card more. However in this article we are going to take a look at websites that offer you cashback on your purchases.
Why do they pay cashback?
They pay cashback to you to encourage you to choose and make a purchase with them. The retailer will then reward the cashback site for bringing them the sale through an affiliate link. The affiliate link tracks everything about the purchase such as where it come from and how much did the customer purchase.
Once the customer has completed their purchase the retailer then credits the cashback site with the sale and pays them their commission. Cashback sites just split some of the affiliate money they make from retailers with their users.
Top paying cashback sites
- Topcashback – www.topcashback.co.uk
Probably the most popular cashback website in terms of traffic. Topcashback is a popular cashback site and they will pay you when you click on a retailer or service that you want using their site. You will need to create an account and once you find a retailer or service, you will need to click on the get cashback button. It will state the amount that you can get paid on top of your purchase.
Please be sure to click on the get cashback through their site so that it will register and be able to track your purchase. Your cashback will show up in your account.
Topcashback offer cashback on a number of things including insurance, hotels and travel. You can get cashback from big brands like eBay, Microsoft, and AO.com.
This website is probably the one that pay’s the best rate in terms of cashback compared to the others on this list. Topcashback has paid out millions to it’s users over the years so you have nothing to worry about.
- Quidco – www.quidco.com
Quidco will enable users to earn cashback when shopping online and instore. You will need to register for an account so that you can make these savings.
You will need to search for the retailer/service that you require and then click on the link from their website to be rewarded for your purchase. You will not need to do anything as Quidco will track your purchase.
Quidco boasts overs 4,500 brands you can get cashback from and they claim to have paid out over £500 million to its members in cashback with an average member saving £300 per year.
The site offers cashback on many big brands like Samsung, Microsoft, Virgin, MyProtein and LEGO.
- Mymoneypocket – www.mymoneypocket.co.uk
Here we have another website that gives you an opportunity to earn cashback on most of your online purchases. Maybe not as popular or as high pay as the top two sites but it still provides good cashback offers.
It is completely free to join and will allow you to withdraw your money via Paypal or BACS but please be sure to click through their website before you decide to go ahead and make the purchase and it will track it for you. My Money Pocket has claims they have over 4,000 brands including some big brands such as Amazon, ASOS, Ebay and Uber.
- Piggy – www.joinpiggy.co.uk
This is a free chrome browser extension that will automatically add vouchers when you shop online. It will also check prices when you shop online and offer you cashback at the same time. Piggy scans the Internet and automatically applies any coupon to your order so you can get your purchase at a cheaper price.
- Honey – www.joinhoney.com
This is a site that will find you all the best discounts out there and then apply them to your purchase. You will need to add Honey as it is a browser extension and then while you shop, it will search and find you the best voucher codes and can be applied to your purchase.
Honey applies the discount codes to your order automatically, so you don’t have to spend time scouring the Internet for money off vouchers.
Things to remember
You should never just be persuaded by the amount of cashback you can earn. You should always take out the offer based on it being valuable for you, not just because they pay a high amount of cashback.
Firstly the amount of cashback you can get is never a given. Regardless of the site you use, problems can occur. They could not track your sale which means you wouldn’t get paid. It does happen from time to time so it is something to consider.
Secondly some companies pay higher cashback rates but they don’t have the best deal. For example, if you want to take a broadband package out and company A is £29.99 per month but offers £120 cashback. Company B is £18 per month but no cashback which would you take out?
It would be company B as it works out cheaper over the year despite paying no cashback.
Another thing to consider is the free cashback section. Sites like Topcashback and Quidco have their own dedicated pages where they list the best free cashback offers. You do not have to purchase anything to receive this cashback. All you have to do is sign up for offer, do a survey, create an account or any other action it tells you to take.
Conclusion
Cashback sites are great for saving you money. Before making a purchase it is always worth to check the cashback sites to see if you are eligible for any cashback on your purchase.
Also not all offers on cashback sites are created the same. That is why it is always good to shop around. Some cashback sites may give less than others.