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We all like to buy more and pay less. Until recently, that seemed paradoxical, while now, with the emergence of the cashback concept, the dream is finally attainable. What is cashback bonus? How does the system work and does it really mean the return of hard cold cash to your pockets? Here we’re sharing the cashback definition and give a scoop on how it works for the clients and for the rest of the participants. Read on to learn how to shop smarter and spend less when buying items online.
What Does Cashback Mean?
The term is self-explanatory as it may be literally deciphered as “cash back.” The concept represents a complex system of affiliate marketing presupposing that some merchant (let’s say, Walmart) opens. The merchant doesn’t pay tons of money to traditional advertisers and instead of flooding the Internet with its commercials, it promises a commission to any agent that will bring clients to its website. Agents register as Walmart’s affiliates, write content, spread articles and blogs, advertise the store in their social media, and use any other tricks to urge their audience to follow the affiliate link and shop at Walmart with it.
How Does Cashback Work?
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To create some incentive for the users to utilize the link instead of going directly to the merchant’s website, affiliate promise to share a part of the merchant’s commission with the users. To make things simple, let’s express it as follows: Walmart may pay its affiliates 6-8% of the clients’ purchase sums. The affiliates (cashback sites) provide users with 3-5% of commission for using their affiliate referrals. Thus, any buyer at Walmart has a chance to get up to 5% of his or her purchase back not in the form of some ephemeral bonuses, but as real cash, delivered straight to their credit card.
How to Find the Best Provider of Cashback Online?
Now that you’ve grasped the cashback meaning, let’s find out how to find the best cashback terms and to get the most out of this shopping scheme. As the concept is rapidly growing in popularity, numerous websites emerged, offering high percentages for hundreds of online stores. But what should you look at when choosing the top cashback site for registration? There is a couple of tricks that most affiliates prefer to conceal, so you need to exercise caution and study all the terms carefully. Here are the key criteria of a top cashback resource:
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First and foremost, the users are attracted to the percentage of cashback. Indeed, that’s what they are coming for, so they want to get as much money back from their shopping as possible. But before diving deep into shopping with any cashback provider, we recommend studying its entire portfolio of offers. Today you may be interested in shopping at Walmart, and you choose the provider with the highest cashback for it, but what about Sephora, Amazon, and a bunch of other merchants whose regular client you also are? Compare several merchants’ percentages to find the optimal resource as it’s better to stay with one website, not register at a new one for each new online purchase.
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Study the terms and conditions of cashback processing times and minimum withdrawal sums. It often turns out that you have registered and shopped with some cashback provider, expecting a considerable return. But you’ll have to wait for the cashback to reach your account for 1-3 months, and as soon as it arrives, you may see that the sum is too small for cashing it out. The system urges you to make more purchases and to wait for several more months for cashing the funds out at last.
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Always check whether the cashback site has a long list of partners. Even if its cashback offer is generous, it’s no use registering with a website that has just a couple of dozens of e-stores on offer.
Focus on these points, evaluate the quality and credibility of the cashback site before registering, and enjoy getting some of the money you’ve spent back to your pocket. Good luck!
