What is cashback?

Promotional campaign in which consumers get a partial refund on the sum they spend in a transaction in the form of cash or free product samples.

Cashback websites are those websites that pay a share of the revenues earned through affiliate marketing back to consumers or end users who have bought products or services. In practice, the way it works is that if the advertiser pays a commission of 10% to the affiliate for each sale, the consumer receives a share of that commission.

A third meaning of the term cashback is where a cash withdrawal is made along with a purchase paid for with a credit card at an establishment other than a bank, such as a supermarket or a service station.

Other denominations:
Refund scheme

 
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