What are cashback apps?
Cashback apps are specific applications available on smartphones and tablets that help us get a small discount on our purchases. Usually, when we buy a product, we pay the total amount and take the product back home. We do not get any amount of money in return.
On the other hand, when we purchase an item through a cashback app or use a provided code, we receive a fixed percentage of discount on the purchase, or sometimes even a flat amount back to our online wallet.
Now, owing to such an exciting deal, you might be doubting the incentive behind cashback app download. You might be wondering, ‘What if the app hack into my private bank information?’ or ‘Why would the creators of cashback apps be so generous to help millions of people get their money back?’ In the end, you might come to a conclusion, “It’s just a scam!”
No, my dear friend. It’s not a scam. And yes, cashback apps do have their fair share of benefits, including a guarantee of you getting your money back. Let me give you a brief insider.
How do cashback apps work?
Cashback apps make money by referrals, advertisements, in-app purchases, and pay per download. Of course, there are other ways as well through which the creators of these apps make their profit, but the primary way is through referrals, which is affiliate marketing. After a verified cashback app download, you come across exciting deals and offers on every item when you open the app.
Suppose I open a cashback app named XYZ for buying groceries. When I browse through the gallery of items, I come across products I need to buy with exciting offers. It has a 10% discount and Rs. 100 off on the first purchase. As soon as I add the item to my cart and proceed to pay, the app redirects me to the merchant website or app that sells the product.
The reason why many companies give cashbacks through cashback apps is that they want to attract customers to shop from their site. Merchant sites know how to keep new customers interested and they understand the value of loyal customers.
How to identify fake cashback apps?
With the growth and popularity of cashback apps, you might have noticed how frequently new apps and websites are being launched. Some of you might have even gotten a cashback app download advertisement claiming that a user has gained Rs. 6000 at one go!
The easiest way to check whether a website is safe or not is to spot the URL on the top left corner where a lock symbol appears. If the lock symbol has a cross below it, it is a risky site. If you are using a cashback app, make sure that the cashback app download is from a verified manufacturer, and the reviews are credible.
When you browse through Google Playstore or App Store, you can come across apps connected to some verified third-party apps such as Magic Pin, CashKaro, Lafalafa. Many apps ask you to give direct permission to your e-wallets, such as Paytm, PhonePay, Amazon Wallet, or PayPal, with a very lucrative message – “Earn Rs. 1000 like Mr. X every day!” These are potentially fake apps that can collect and sell your private information or introduce malware into your phone.
In 2021, some safe and verified cashback app downloads would be Fav, Meesho, PhonePe, Google Pay, Paytm, Dosh, Roz Dhan, Magic Pin, and Rakuten.
We all have childhood memories in which we find our mother clipping coupon codes from the Sunday newspaper. We grew up seeing our parents buying items on sale and discounts. That is from where we all learned the essence of saving. That’s why cashback apps have become so relevant in present times. Small savings through these apps result in a great balance in the long run. A cashback worth Rs.100 on Rs.600 purchase might not seem much at first. However, later when we accumulate these small savings from more purchases of the same nature, made through cashback apps, we end up saving a fair amount of money.
