I am the first person to be exceptionally dubious about cash giveaways, competitions and other “something-for-nothing” schemes. This one however, I will happily blog about, shout about and scream from the rooftops where required! Top CashBack is a site advertised on television, raved about on social media and praised in the press; so a year or two ago, I thought I’d give it a try.
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Money for nothing? Yes please! Here’s how!
Yorkshire folk are renowned for having short arms and deep pockets, so the opportunity to earn money whilst making purchases I would already make seemed like a gold-mine to be examined from my perspective. I checked it out and signed up and, 3 years later, am I glad I did! (For info: I joined in January 2014 but didn’t start to use the site regularly for about 12 months – it’s a good habit to get into though!)
The basics of it are this: you want to buy something? You shop online for it?
Instead of heading directly to the site where you will make your purchase from, go via http://www.topcashback.co.uk and search for the merchant (the company/shop you want to buy from). If your merchant is there; hey presto, click the link to their site and shop as normal! Voila – money for nothing!
TCB’s site explains it as “When shopping with a selected merchant, we simply give you back a percentage of your spend once your purchase is confirmed.”
I have begun to annoy myself telling people about this monetary phenomenon! My husband now declares before any online purchase “I’m going through cashback!” and commences to tap away in the knowledge that his money-tight wife is sated.
I don’t fully understand the business processes in detail, but then saying that, I don’t need to. TCB’s “About Cashback” page answers any questions a customer might have. They say, “Cashback sites receive a commission from the merchant for directing you to their website. Most cashback sites give just a portion of this back to you, but as the most generous cashback site in the UK, we give you up to 105% of what retailers pay us. The extra 1-5% comes from advertising revenue and other services we provide on our website, making us the highest paying cashback site in the UK.”
So far, I have earned a whopping £1048.28 (accurate November 2016) from buying the things I would have bought anyway. I save my cashback and withdraw it around the Christmas season. It helps me to make Christmas that little bit more affordable or luxurious. Depending on which scheme you sign up to, they usually charge £5 to withdraw your earned funds – so it makes financial sense to use it as a savings account and draw from it less frequently.
Plus, any purchases I make around the festive season are also done through cashback, gaining profit from money that was a “gift” in the first place! What is there to lose?
If you’re intrigued you can visit the site directly at http://www.topcashback.co.uk or click on any of the banners throughout the article. However you choose to become a member, you will qualify for recommend a friend bonuses when you share the gospel. These change up and down with the tide, usually between £5 and £20 per friend, which is added to your account.