Cashback website
Encyclopedia
A cashback website is a type of reward website
that pays its members a percentage of money earned when they purchase goods and services via its affiliate
links.
from the retailer that, after the purchase is confirmed, is shared with the customer who made the purchase.
Payment is generally made to the user in the form of bank transfers, gift vouchers, online sites such as PayPal
, or bank checks. Some cashback websites place a threshold on a customer's account such that a user may need to make several transactions in order to be able to receive a reward.
Many cashback sites offer users a reward for referring others to the site. Some cashback sites also offer discussion forums, paid online surveys, daily deals, and other rewards to increase traffic and maintain customer loyalty.
, Upromise
, and Quidco
.
Reward website
A reward website is a website that offers rewards for performing tasks, usually related to selected retailers and organisations. These tasks may include, buying goods or services through referral links, submitting content, participating in a survey or referral of members.-Cashback rewards:These are...
that pays its members a percentage of money earned when they purchase goods and services via its affiliate
Affiliate marketing
Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts...
links.
Cashback shopping
When a customer makes a purchase online, instead of visiting the retailer directly, they may choose to follow a link from a cashback website to generate a monetary reward when buying products or services. The cashback website receives a commissionCommission (remuneration)
The payment of commission as remuneration for services rendered or products sold is a common way to reward sales people. Payments often will be calculated on the basis of a percentage of the goods sold...
from the retailer that, after the purchase is confirmed, is shared with the customer who made the purchase.
Payment is generally made to the user in the form of bank transfers, gift vouchers, online sites such as PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
, or bank checks. Some cashback websites place a threshold on a customer's account such that a user may need to make several transactions in order to be able to receive a reward.
Many cashback sites offer users a reward for referring others to the site. Some cashback sites also offer discussion forums, paid online surveys, daily deals, and other rewards to increase traffic and maintain customer loyalty.
Examples
Numerous cashback websites exist, including FatwalletFatWallet
FatWallet is a bargain hunting website, centering around a set of forums that allow users to publish deals and rebate offers on a comprehensive range of products and services, though computer-related products and electronics are most prominent in the listings...
, Upromise
Upromise
Upromise, Inc. is an American corporation launched in April 2001, that is owned by SLM Corporation, the parent of Sallie Mae. Upromise claims to be the largest private source of college-funding contributions in the United States, with $575 million accrued in members' Upromise "college savings...
, and Quidco
Quidco
Quidco is a cashback website based in the UK, with offices in Sheffield and London. The site takes the commission usually paid by retailers to third-party referrers and passes it on to Quidco members, apart from the first £5 which is retained each year in order to fund the running of Quidco.-...
.