Cashback offers have long been used as a way of rewarding customers for making a purchase, but how do they work in the digital era? These deals remain popular and the fact that they’re used in different ways across a selection of varied industries means that there are now more options for collecting useful cashbacks than ever before.
Casino Bets Where You Get Money Back if You Lose
Online casinos offer the chance to bet on games like slots and roulette, but since these are games of chance, you can’t expect to win every single time that you play. This is where cashback offers come in useful, as they give you a form of protection for those situations where your bet doesn’t win by returning your cash or part of it.
The rules for the Money Back Roulette game from Red Tiger Gaming reveal how this works. In this version of the classic table game, you get back 50% of your stake if you bet on one of the even money wagers and the ball lands in the zero pocket. Those even money bets include red, black, odd or even, and they pay at a rate of 1 to 1 when they land.
Retail Offers Give More Spending Power to Consumers
We can see cashbacks used in the retail industry too, when buying online from fashion sites or supermarkets. In this case, you only need to look online for the site you want to buy from and then check out their latest offers to see whether you get any money back after buying.
The companies that have loyalty schemes or cards are more likely to offer cashback as part of this program, allowing regular customers to gain an advantage when they return to shop there. Check out major brands like Tesco, Asda, Zara and H&M to see the different benefits that they offer when you shop there regularly.
Cashback Websites That Share the Commission Earned
Type in a big brand name and the word ‘cashback’ and you’re likely to see sites like Quidco and TopCashback appear at the top of your search results, with this Millennial Money article explaining some of the top names in the market. While they don’t directly sell you anything, their websites can help you to secure a cashback on your purchases, so how do they work?
They send you to a site where you might want to buy something using a special URL in the address bar that includes a code showing that you were sent there by one of the brand’s registered affiliates. This means that they receive an amount of commission based on any purchase that you make after they’ve directed you to a particular retailer. To encourage people to use the service, they share that commission with their users in the form of a cashback.
All of these methods are worthwhile ways of getting money back when making purchases or playing games. The amount you receive depends on what you spend and this article on LinkedIn about the psychology of cashbacks reveals why these promotions are so effective at driving up customer engagement levels.
