Most of us know and use coupons whenever we can. We also look for any kind or promotions and promo codes that are offered online. However there may be some people who are not familiar with cash back. What is cash back? Cash back is when you are a member of a site where you shop from a variety of stores. When you reach a minimum amount they will send you money by check or PayPal. It is pretty simple.
There are many sites that offer this type of program, but you have to be careful. With some sites you are only allowed to spend that cash back on their sites, by earning points to use on their sites. For example let’s say you have earned $35.00 within the time frame which usually is 3 months. The site will than give you points worth $35.00 for you to buy items on their site only.
What you should never do is give money to join one of these sites. Legitimate sites will only ask for your email and your name and that is it. They will not ask for money or credit card information. Cash back has been around in various forms for some time now. Retailers use this to generate more sales. For instance, if you spend $75.00 you will receive a coupon worth $25.00 on your next purchase. That is like receiving cash back since you already shop with that retailer.
The major cash back sites have hundreds of stores in their program, so it will be very easy for you to accumulate towards the minimum. It makes perfect sense to become a member because you already shop at these stores. The difference will be the price that you will be paying which will be less as the prices tend to be cheaper on these sites. As an added benefit you will receive cash back for the purchases you have made.
For those who love shopping online cash back is a dream come true. You can shop from anywhere on a multitude of devices at your convenience. The great thing about cash back is you still can shop at your favorite stores, spend a little less and get cash back every 3 months.
You will notice that most of the large and popular retailers will be in cash back programs. From the high end retailer to the discount stores, they all want to be a part of it.
So now when one of your friends asks you what is cashback, you will be able to provide all the information they need to get them started. As an added bonus some of these sites will give you money when you refer someone to join their site. So start looking at your contact list and start referring!