Short Introduction to Cashback
There can often be a minimum spend amount to qualify for cashback, and the time period the cash takes to be refunded can vary from several days to several months. The amount of cash that is received back will either be a percentage of what is spent, or a specified amount. This type of cashback is a benefit offered by some credit card companies, as well as shopping retailers and cashback companies.
Cashback is a great way for shoppers to save money and there are many offers available where discounts and savings can be made. Consumers that use cashback will find better deals and will spend less when shopping. Either they can spend less on shopping, or be paid to shop. For those who love shopping and spending, cashback is amazingly beneficial.
How Does Cashback Work?
It may seem too good be true, that a store or company would give money away. Yet cashback is a genuine way of earning money back on your everyday shopping that many people take advantage of.
Cashback websites have deals with the stores that you can shop at. They earn a commission when a customer spends money via their site. When purchases are made, the retailer gives the cashback company a commission, and the customer’s cashback is a cut of this.
How Can I Use Cashback Offers?
The great thing about cashback is that it can be generated for customers simply by them doing what they normally do. A consumer does not need to buy something out of the ordinary to receive cashback. They can shop online at the normal stores that they use and purchase the products they would normally purchase, and still receive cashback. From food to holidays, clothes and insurance, money can be saved every time a customer shops.
To find and use cashback offers, a customer should shop through a cashback website or app, use their specific credit card that offers cashback, or look online for cashback vouchers.
Customers who earn money through cashback also don’t have to pay tax on this income. The money is treated by HMRC as a discount on a purchase so therefore does not qualify under tax payments. Even better!
What Is The Best Way to Get Cashback?
There are many ways in which a consumer can make the most of cashback. One great way is InstaCashback by Voucherbox. This brand new product is taking the deal and voucher market by storm. Users of InstaCashback are offered specific amounts of cashback for purchases made using the commission that is made from their advertising partners.
InstaCashback is unique to other online cashback offerings. Compared to traditional cashback sites and services, users do not need to sign in or create an account. To qualify for cashback, a customer simply needs to enter their email address, complete their purchase, and upload the order confirmation using the unique link they receive via email.
Unlike most other offers that will provide the cashback in 2-3 months, users of InstaCashback will receive their cash in just 1-3 days. As soon as the invoice is received, the claim just needs to be verified and the payment will be sent the next day.
This revolutionary service even offers live chat and email support for any assistance with enquiries that users may encounter throughout the cashback process.