Guide
What is cashback? A complete guide
Everything you need to know about cashback: what it is, how it works, and why you should use it.
Cashback simply means that you get money back when you shop. It may sound too good to be true, but it is a well established model used by millions of consumers around the world. Let us explain how it works.
What is cashback?
When you shop in an online store via a cashback service such as Sparebørsen, the store is told that the customer came from us. The store pays Sparebørsen a commission for passing the customer on. We share that commission with you, and that is your cashback.
How does Sparebørsen work?
The process is simple:
- Register for free: create an account at Sparebørsen.
- Find the store: search among our partners or browse the categories.
- Click and shop: click through to the store via Sparebørsen and complete the purchase as usual.
- Receive cashback: the money is registered automatically and added to your account.
How much can you earn?
The cashback percentage varies from store to store. Some give 1-2%, while others reach 10% or more. On expensive purchases, such as travel, electronics or furniture, even a low percentage can mean a real saving.
Is there a catch?
No. Cashback costs you nothing. You pay exactly the same price in the online store as you would without cashback. The only difference is that you click through via Sparebørsen first. It takes a few extra seconds, and gives you money back on purchases you would have made anyway.
When do you get the money?
Cashback is usually registered within 24-48 hours of the purchase. It is finally confirmed after the store's return period, typically 30-90 days. Once it is confirmed, you can withdraw the money to your bank account.
Tips for getting the most out of cashback
Always check Sparebørsen before you buy anything online. Add a bookmark for easy access. Over a year you can save several thousand kroner without changing your shopping habits.