Dare to Share

For those of you still unaware of the benefits from using Cashback Sites then please read on… I’ll be listing the reasons why everyone should be using them for everything you buy on the web. In another discussion, at a later date, I’ll talk you through making free money, yes that’s what I said, from using Cashback Sites.

What are Cashback Sites? To put it simply they give you money back on purchases you make by clicking through their site on your way to the place you make your final purchase. It’s no instant cashback as it has to get tracked, verified and then paid by the merchant before you finally receive your money usually in the form of a Bank Transfer or Cheque. This can take quite a long time, sometimes around 4 months before you finally receive your cash.

Why should I use them? Well, why shouldn’t you use them? If you’re going to be buying stuff on the web anyway then you may as well get a bit extra back for everything you buy. Cashback amounts can range from 1p to £500 or more - it all depends on what you’re buying.

Are they free to use? Most of them charge an annual fee of £5. They’re all free to join and the annual fee is deducted from your first amount of cashback you receive.

So, if they’re giving me cashback how to do they make any money? Every cashback site has an affiliate deal with each of the companies it has on their site. So when you receive your cashback they will also receive a little bit back from that company - it doesn’t get taken from the money you receive. Remember as well they are taking £5 from every user on an annual basis.

Okay, so why are the companies giving me cashback? Simple, it comes out of their advertising revenue. If you buy something from them, you may tell your friends and/or buy from that same company again. A prime example are betting companies which give you cashback and also free bets - all clever stuff though - if you only make one bet with that company then yes, they probably will lose money on your acquisition. But, if you make more than one bet and subsequently lose then they’re quids in and have made money from you joining them.

What can I buy? Anything from insurance to flights to make-up to toys - I think you get the picture.

Is it just one website that offers cashback? No, there are a few sites that offer cashback (I’m sure there’s more than what I’ve listed below but these are the ones I use on a daily basis). They all have different merchants and offer varying amounts of cashback so search them all before making a decision. Cashback Sites include Cashback Kings, Quidco, Top Cashback and We Promise To.

To summarise, whenever you’re going to spend your hard earned cash online - and I mean on anything - just make sure you check the cashback sites to see if there’s any cashback available.

In the Real World:

With the ongoing rise of energy prices, many companies were offering some great savings just to stay with them. Switching energy providers, for both gas and electricity, we locked in today’s energy prices for 3 years and received £75 cashback in the process. Yes, there’s a chance the energy prices may fall but highly unlikely.

After receiving his car insurance renewal for £195, I went on the hunt to find my dad a better deal. The insurance we went with was actually £10 more than his renewal premium but the excess amounts were £50 lower and he also received £75 cashback - therefore lowering his yearly insurance to £130.