Good News! Now, you can earn while you shop

Written by Vidya Kumar

October 11, 2013

Summary – You should try out this new concept in shopping. You should go to a cashback website which has a tie-up with different online retail stores. You shop to your heart’s content in these online retail stores via the cashback website. Then you get some cash back as an incentive for using this method. You can shop at your convenience from wherever you want and escape the hassles of offline shopping like traffic, crowds and billing queues. Happy Shopping!

Personal Finance, Financial Planning, cashback, discount, e-store, website, coupon, retail, vidya kumar

We Indians love shopping and when there is a bargain involved, we love it even more. Some entrepreneurs are betting on this trait and have set up online shopping websites where you can earn money for shopping. Yes you read it right, you shop for something you want and then get money back. This is a popular concept in countries like US where customers have been taking advantage of these websites for quite some time now. It is a relatively new concept in India but slowly catching on.

Here we profile three online cashback shopping websites – cashkaro.com, pennyful.in and cazbak.in.

In the case of all the cashback shopping websites, you of course have to sign up with the website and only then start shopping on other online stores that they have a tie-up with. The website gets commission from the shopping portals for getting them customers and this commission is shared with the customers in the form of cash in their account with the cashback website or coupons for further shopping on the particular online shopping portal. This can be used on the website to shop at any online shopping portal and not necessarily the same one on which it was got from.

Let us look at some key features of the three cashback shopping websites.

Cashkaro.com
Cashkaro.com again is a cashback and coupons website. You can shop via cashkaro.com in many online retail stores like Snapdeal, Myntra, makemytrip etc. You get cash for shopping from cashkaro.com and coupons and/or discounts from the online store where you shopped. So it is a great one-stop shop for people who want to save money.
It has recently launched restaurant offers as well wherein you get discounts on your food and drinks bill if you reserve a table in the restaurant via Cashkaro.
Cashkaro also claims to have the largest Facebook following amongst all Cashback sites. It has a fan base of almost 3 Lakh people. They have been featured on over 50 news sites like Businessworld, Hindu Business Line, Entrepreneur & TV Shows like CNBC AwaazYou can sign in with your Facebook account as well on Cashkaro. They also have a lifetime referral program where you get 10% of your referral’s Cashback forever from Cashkaro.
Once you get Rs.250 in your account, you can request for this money to be transferred to your bank account.

Cazbak.in
Cazback.in allows you to sign in with your Facebook account. This portal offers products not only in all the usual categories – clothes, accessories, food, travel etc. but also has tie-ups for selling financial products. For example, if you buy from Bankbazaar.com or Apollo Munich Health Insurance via Cazback.in, you get some cash back offers.
You can avail of coupons offered by the merchants as well at Cazback.in which is a double treat.
Once you earn Rs.300 for shopping here, you can request for the money to be transferred to your Paypal or Check account (online cash accounts). You can then transfer this money to your bank.

Pennyful.in
Pennyful.in another cashback and coupons website which promises to give cash for shopping online via the site. As a customer you can also use discount codes on items on the e-retailer sites here as well. So you get cash from Pennyful.in and discount from the retail store. Thus, you get discount + cash back which is a sweet deal. It also gives Rs.100 cashback for the first online transaction that every friend you refer does. The friend also gets Rs.50 for the first transaction after joining as a referral.
As a customer, you do not require any minimum amount to be in your account for redemption. Whatever be the amount in your account, you can request for a transfer to your bank account.
Pennyful.in also has a healthcare related retail site called medicash.in where you sign up and identify a healthcare partner. You can then avail the services of healthcare provider. You pay the entire bill amount but show the medicash membership proof. You will get cash in your website account in some days and this can be transferred to your bank account. This is helpful considering our rising medical costs.

Have you used any of these websites or any such website either in India or abroad? We would love to know your experiences and opinions on the same.

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Vidya Kumar
Team GettingYouRich.com

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