Cashback.me.uk is a website with more than 3,000 retail partners offering money back on purchases, a new concept in online shopping. Major retailers including Tesco, Debenhams and Marks and Spencer have partnered with the website. The amount of cash back depends on the retailer in question, but can be up to 5 per cent per order. With Caskback.me.uk discount vouchers this amount can rise to 70 per cent of the value of a purchase.
The system is a relatively simple one. The companies involved in the scheme, which range from supermarkets to car insurance providers, have used a small part of their marketing budgets to fund the scheme. They offer cash back on purchases to the website Cashback.me.co.uk which then passes this on to the consumer.
Sometimes this cash back is paid in vouchers redeemable at retailers including Amazon or as a BACS, or electronic, payment. Consumers can get further reductions by using a Cashback.me.uk discount voucher.
Given the huge scope of companies taking part, there are hundreds of thousands of products and services available through Cashback.me.uk. Discount codes which increase the cash back amount can be used to purchase many of these items when used within the specified promotional period.
The system also works through referrals and clicks on certain products in much the same way as Google adverts. When one Cashback.me.uk customer refers someone else to the scheme they can generate more cash back.