What Is Cashback And How To Use It

What Is Cashback And How To Use It
What Is Cashback And How To Use It

Video: What Is Cashback And How To Use It

Video: What Is Cashback And How To Use It
Video: How to successfully use a cash-back credit card 2024, December
Anonim

The constant rise in the price of goods, be it clothing or electronics, leads to the fact that many are beginning to master the possibilities and range of online stores. This is a completely reasonable and justified choice of a buyer who does not want to overpay the store for the work of consultants and cashiers, as well as for the rental of premises and logistics. It is for consumers who have chosen online platforms for shopping that cashback exists.

What is cashback and how to use it
What is cashback and how to use it

How to use

In simple words, cashback is the return of a certain percentage of the total purchase amount back to the user's account. All you need to do is register for one of the many cashback services, choose the desired online store where you can buy the required product.

How to get a

The amount that the service returns to the client can vary, on average from 5 to 20 percent, and directly depends on the virtual store in which the purchase was made. The terms for returning the commission also vary: from several days to a month. After the funds are credited to the account, they can be withdrawn in any convenient way, to a bank card or virtual wallet.

How is this possible

In fact, this is a simple and effective way to increase sales, analogous to all kinds of promotions and discounts in regular stores. The only difference is that sellers do not inflate the price of the product before making a discount on it and thus do not try to sell something stale and unnecessary. This became possible thanks to the cashback, which the online store provides not for a single product, but for the entire assortment as a whole.

The benefits are simple and obvious for each of the three participants in this marketing scheme: the seller receives customers and pays for their attraction to the cashback service, for example, 15% from each purchase, the service itself returns 10% to the buyer as the same cashback, and keeps 5% for itself.

Is it worth trusting

Do not be afraid that the percentage promised by the service will not be credited to the account and the joy of a bargain purchase will be overshadowed by such a deception. Online platforms that provide cashback are extremely interested in constant profit and the trust of the customer making purchases. For them, long-term cooperation is much more important and profitable than a one-time non-payment, after which the buyer will bring% to another, more reliable service.

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