Gaining Real Money with Online Cashback


Posted October 21, 2014 by lovelashseo

It’s the festive season and the shopping activities at its peak. Getting new apparel, home decor, buying gifts for loved ones – it’s the time people happily spend money.

 
21st October 2014: It’s the festive season and the shopping activities at its peak. Getting new apparel, home decor, buying gifts for loved ones – it’s the time people happily spend money. But no one likes to buy at MRP, hence they seek out for discounts, especially when they are shopping online.

Apart from offering discounts on products, there are portals also offer a reward system that they call a cashback.

There are online companies today which offer, not only discount coupons, but also real money back as cashback for online shopping. Such cashback provides users with an additional way to save money on their shopping.

What does Cashback actually means?

As described by India’s leading Cashback shopping provider Pennyful, “Cashback Shopping is one of the most popular ways of shopping in many countries, where customers earn a percentage of the amount they spend on shopping as a cashback rebate.” This means that whatever money a consumer spends, they get a percentage of that amount back in their bank. This is the real money we are talking about.

In India, there are cashback sites like www.Pennyful.in, Cashkaro, ApnaCashback etc. These list discounts & cashbacks from different e-commerce sites. So, instead of going directly to a shopping website, a consumer can first go through a cashback site like Pennyful in order to earn monetary rewards.

When a customer shops at a partner online store, through the cashback website, the latter is entitled to a commission. The cashback portal then splits a part of this commission with the customer.

Pennyful also lists coupons, which can be clubbed with cashback to save even more money with instant discounts.

“The Indian consumer is an extremely cost sensitive shopper. And online shopping provides him with great ways to shop and save money. Discount coupons were initially the only and most popular way to save money. But when the concept of cashback entered the market, shoppers found a way to save even more money. Through cashback sites, a shopper can save additional money, over and above the existing discounts ecommerce merchants provide. It is another reason why online shopping in India has become as popular as it is today”, said Ravitej Yadalam, CEO and Founder, Pennyful.

The process of getting money from the cashback site to a bank account is fairly easy too. Whenever a person has accumulated a particular amount of cashback, the person can choose whenever he wants to get his money back. Pennyful, allows user to withdraw any amount of money they accumulate, which it directly transfers into the specified bank account.

Considering the growing number of online shoppers in India, cashback could be a boon for those looking to save some extra money while shopping online. It’s like they say at Pennyful, a penny saved is a penny earned!
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Tags moneyback , offers , pennyful , shopping
Last Updated October 21, 2014