Shopping, although fun, can be a waste of money, especially if you buy things in excess and purchase stuff you don’t actually need. But, what if you get some of your money back whenever you go shopping? Well, that can be entirely possible with the aid of cashback websites.
What Are Cashback Websites?
Cashback websites, like Ibotta, BeFrugal, eBAtes, ShopAtHome, and many others, have been around for quite some time now. These platforms have actually been in existence since the 90s. They have been offering cashback promos for members who use their websites as a portal to their favorite online stores.
In the past, cashback websites were not as popular because people preferred to buy things in physical stores over online shops. However, this has changed over the years.
As accessing the Internet has been made easier and as people have been spending more and more time in front of gadgets instead of the outside world, cashback websites have risen in popularity.
In fact, most physical stores, either big or small, have already opened their own online shops as a way of adapting to the needs and preferences of modern consumers. With the surge of these online stores, the popularity of cashback websites have soared as well. After all, who doesn’t want to generate side-income on cashback websites like Ibotta and many other similar ones?
Steps To Earn Money From Cashback Websites
Earning money is an essential part of life. Thus, people work hard and long hours to earn as much money as they can. After all, money is what allows people to buy things that they need and want.
These days, people cannot rely on just one job to supply their wants and needs. Although one’s average net worth in the past years has increased compared to the net worth of the average American in 2020, this is still not enough for some. Thus, earning more from cashback websites is a welcome reprieve.
Here is how you can earn from cashback websites:
1. Register To Cashback Websites
When looking for a cashback website to register to, it is important that you do your homework. First, ask for recommendations from people you know who are also earning from cashback websites.
After getting suggestions, do your own research and read some reviews about these websites. Look into all relevant information with utmost care to see if they are legitimate because there is a lot of misinformation that you can read on the Internet, even from authority websites or forums.
Read into the fine print of the policies of the website so that you’ll know what you should be expecting, as well as the things that you should do in order to earn more cashbacks.
And, most of all, do not register if the website asks for a membership fee. You are supposed to become a member to earn, so they should not get money from you.
2. Use Cashback Websites To Shop
These websites act as a portal to the online shops with which they partner. You earn money because these websites give back a percentage of what they earn from the websites to their members.
So, to earn money, you have to login to the cashback websites first and use these when shopping at your preferred online shops. Each website has different techniques to attract more members, and they also have different arrangements with the different shops they partner with. Thus, cashback websites have different cashback rates.
If you want to save and earn more money, it would be best to use more than one cashback website. And, in order to make sure you only get the best deal there is out there, you can use a cashback monitor to compare rates before you choose which one to use.
3. Wait For Your Payout
Before you get excited about your payout, you must be aware that, oftentimes, payouts from cashback websites take a long time to process. Generally, you have to wait fro three to four months before the cashbacks are reflected on your account.
For some websites, they also require a threshold amount before you can withdraw your money. For example, you might have to wait for your cashback to reach ten dollars before you can withdraw it from your account.
Different websites also have different payout methods. It can be in the form of cheques, bank transfer, or through Paypal. Thus, in some instances, you might be required to make a Paypal account to get your payout.
All these details are spelled out in the fine details, but which are often disregarded by the majority of people. Hence, they sometimes feel cheated.
Cashbacks are a great way to save even when spending money. It is like having a lifetime discount in the form of being paid back a certain amount for each of your purchases. However, it is not an excuse for you to splurge on things you don’t need. Remember, buying things you don’t need is still a waste of money.