facebookHow do the shopback apps and cashback work? - Seedly

Anonymous

13 Mar 2020

āˆ™

Insurance

How do the shopback apps and cashback work?

How do they afford Cashback/how do the back-end mechanics work?

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Lim Qin Da

13 Mar 2020

Finance & Business Analytics at National University of Singapore

Hi Anon, let me give you a better picture of how ShopBack works!

Background

ShopBack is a digital loyalty and discovery platform established back in 2014. With more than 2000 merchants onboard, ShopBack boasts well-known brands such as Lazada, Zalora and Expedia amongst its merchants, ranging across a wide range of verticals.

Cashback

ShopBack provides customers a portion of their expenditure back as cashback, whenever they make a transaction with the partnered merchants through its website or application. Before you make a purchase, do make sure that you shop through ShopBack's platform to ensure that your cashback is tracked! ShopBack also has various campaigns throughout the year such as ShopFest and end of year sales (9.9, 10.10 etc.), so do keep a lookout for upsized and bonus cashback!

After at least $10 of cashback is accumulated, you can withdraw the money straight into your bank account through the app, by clicking your profile icon at the top right corner.

ShopBack GO

Recently, ShopBack has launched ShopBack GO, which is a platform that targets the offline merchants, including restaurants, cafes and retail outlets you see at shopping malls. Simply link your card to ShopBack's app, and you are ready to enjoy cashback as you dine and shop! Have a look through the partnered merchants in the ShopBack GO section in ShopBack's app, and pay with your linked card at those outlets to enjoy cashback!

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