If you love the convenience of shopping online but you’re always hearing about other people earning crazy cash back for doing the same thing, don’t you want to know how they do it? Sites like Ebates are what is referred to as Cash Back Portals that earn users an average savings of 7% or more on all purchases. Portals are websites that have links to thousands of retailers across the web and place their links onto one page. These links redirect you to the retailer’s webpage. When you make a purchase, the portal site earns a commission. Instead of keeping all of this money to themselves, they give a portion of it back to you in the form of cash back.
The amount of cash back you earn completely depends on the portal website you’re using and the store you’re shopping at. Here’s how it works. First you register at a Portal website which usually offer a $10 sign-up bonus. Next, find the retailer you want to shop at, Kohls for example. The Portal website you’re using might offer 8% cash back at Kohls, so click on the Kohls link and do your shopping. The Portal website tracks your purchases and then sends you your cash back reward. Once you’re over a certain amount (usually $10 or more) you can withdraw it into a PayPal account or in some cases gift cards.
Buying discounted gift cards is another way to make a profit by shopping online. Many popular online retailers offer discounted gift cards. The discount percentage of the gift card depends on the retailer as well as the site you’re buying the card from. However, some of the more popular retailers tend to have less of a discount. After you receive your gift cards you can take them to a gift card reseller website, such as www.cardpool.com or www.giftcardgranny.com , which also offer a registration bonus of typically around $5.
Cash Back Credit Cards
Another sure-fire way to earn money back shopping online is to use a cash back credit card, some of which can offer up to 5% cash back on purchases. You should always use the same card for online purchases to maximize the cash back you receive. With the Discover It Card, for example, you get 2% cash back on all purchases your first year. After that it drops to 1%. There’s no annual fee and you even get 5% cash back on purchases of certain categories that rotate quarterly. These categories can be specific to clothing purchases or on bigger ticket items like furniture or electronics.
Shopping Cart Tip
If you’re shopping at a site where you have an account, while looking for something particular but aren’t totally sure you want to buy it yet, just leave it in your cart for a couple of days. Some retailers will give you a discount just by leaving items in your cart. More often than not a company (usually bigger retailers like Amazon, for example) will send you an email reminding you of the items in your cart and can sometimes offer you a discount on it.
There are plenty of ways to stretch your spending dollars online if you’re willing to do a little research. Fortunately, there are also plenty of websites out there stocked with the advice of seasoned online shoppers. Have patience, find the right deals you need and good luck!