Cashback websites get commission for referring shoppers to retailers such as Boots, Dell, Currys, Tesco, Prudential and Lloyds TSB. Martin Lewis, of MoneySavingExpert.com, the consumer information site, says: “Cashback sites are actually advertising sites. They list product providers and retailers and, when you click through, they get paid for ‘providing leads’. When you’re logged in, the revenue raised from your click is attributed to you, so the site can pay you some or all of the money it receives.”
To start saving in a cashback site, you just need to sign up in the site and once you start shopping, you will be rewarded with cashback on your purchases. Then, you have to select the mode of payment you prefer such as Paypal or BACS. Some of the cashback sites even offer vouchers.
Whatever the mode of payment you opt for, make sure the cashback site is reliable enough and has all the security measures in place.
Generally, cashback sites never restrict you with the amount of cashback you can earn, however some sites fix a minimum payout level say £25, thus making you return for repeat purchases.