What does the cashback, this practice that saves money by spending

We arrive at the supermarket, we do shopping as usual and … we arrive at the checkout and we can have the cashback at this moment. The advantage for the customer is not to have to go to the distributor; The advantage for the supermarket is to reduce the amount of species on site.

The cashback-what is it and how to use it ?

THE cashback is a service that allows a supermarket customers to withdraw money from checkout if they pay by an immediate debit bank card.

We arrive at the supermarket, we do shopping as usual and … we arrive at the checkout and we can have the cashback at this moment. The advantage for the customer is not to have to go to the distributor; The advantage for the supermarket is to reduce the amount of species on site.

This practice is common in several countries, including the United Kingdom, the United States, Ireland, Australia, New Zealand. In Australia and New Zealand, this service is called cash out . This service can be practical to avoid the costs that certain banks pay to withdraw money from the distributor.

How to use it ?

Concretely, we end our shopping at the supermarket and we head to the box. When paying, the cashier can ask us a question as WOULD YOU LIKE CASHBACK? Would you like to make a cash withdrawal ? We can answer, for example: THurty pounds please, if possible in tens . Thirty pounds, please, if possible in ten tickets.

For example, the amount of his races is £ 59.40 and we ask £ 30 Cashback: £ 89.40 will be debited from his account. He receives his races and £ 30 in cash.

The origins

It is the British large distribution company Tesco which would be at the origin of this concept. This reduces the quantity of species on site and also reduce costs to deposit species at the bank. These stores therefore no longer need to drop this money at the bank and they receive the money electronically.

Today there are applications offered by sites cashback which give the right to a reimbursement of a party or all, the price dependent on the product and the store concerned. Other gifts or advantages can also be offered.

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What is cashback, this practice that saves money by spending

From the United States, the cashback allows you to recover a commission after each purchase in a partner brand. A practice that is democratized in France: one in four French has already used it according to a specialized site. Amateurs manage to earn an average of 150 euros per year.

It is the first weekend of the 2022 winter sales. And if you give in to temptation in store or on the internet, know that it is possible to earn money by spending it. It’s called the cashback. A service born in the United States several years ago already and which allows us to recover a commission for each purchase in a partner brand. And for a few months, practice has become more democratized in France. With the online commerce boom, the cashback constantly recruits new followers.

150 euros per year

Partner brands first, which are mostly streets, but also lovers of good deals who manage to earn 150 euros per year on average. A significant sum which explains at least in part why Poupeo records for the second consecutive year growth of 40%. But according to his estimates, only one in four French has already taken advantage of the cashback.

So specialized companies rely on their sponsorship system. “Word-to-watch is essential for this type of service,” explains Thomas Sauzedde, CEO of Poulpeo. “People tell themselves that it is not possible, that there is necessarily a scam, that it must be complicated to use. What could be better than a loved one who accompanies you ? A bit like this was done five or ten years ago with the first online purchases.””

Towards a development directly in stores

Another issue for cashback specialists, such as Igraal, market leader or Joko, develop practice directly in store. It has already started in large retailers and it could spread, even among small traders.