YOU NEED PATIENCE TO RECEIVE YOUR REWARDS
In order to receive any gains, there must be something that you need to give. This is the law of the world which I came to understand. In this case, you need patience to receive cashback from Shopback. There are 3 stages to go through before you receive the final payout.
1 PENDING STAGE:
After making the purchase using the Shopback referral merchant link, I need to wait around 1-5 days before I receive an email indicating the latest transaction and “pending” category would reflect the cash back amount.
2 REDEEMABLE STAGE
The waiting time needed to convert from “pending” stage to “redeemable” will depend on the merchant. In my experience, it varies from 1-2 months before the cashback is redeemable.
3 PAYOUT STAGE
This is the happiest stage where after the long wait, you see that all your cash back are converted to “redeemable” status. But there is a catch. You need to have at least $10.01 in order to request for a payout. And bonus earned via referrals does not contribute to this $10.01.
If you do the calculation, in order to reach this $10.01 amount, you need to have at least waited for 1-2 months and have shopped at various merchants using the Shopback referral link. When you are finally eligible for the payout, you will be able to click on the “Request payout” button, which will prompt you to provide your bank account number or paypal details for Shopback to credit to payout.
Then another 1 to 2 weeks wait before I finally see my first payout of $15.25. In total, the process of purchase to waiting for status from “pending” to “redeemable” to final payout took around 1.5 months, but I was really happy. It seems like my experiment payoff and Shopback works.
On top of merchants, Shopback also provide the latest online shopping coupons or vouchers for you to enjoy a discount. Besides the cash back that you will be receiving, shopping at the sites where voucher/ coupon codes are available, you get double rewards of both the coupon promotion and cash back. Which means even more savings when you grab the latest Zalora coupons or shop during a Sephora sale you found out via Shopback. You can also click here to view more coupons/ vouchers promotion during this Great Singapore Sale.
In conclusion, if you are still skeptical about using Shopback, you shouldn’t, because it totally worked for me. And if you are someone who likes to receive the best deals, enjoy the most savings, and still too lazy to sign up, you should think again, because just one step, and you can enjoy cash back on many online sites. Most importantly, you can enjoy these cash back on top of the coupons you use on on the merchant sites, plus your existing credit card cash back rebates (if you have any). Stay smart, be hardworking, savvy and save more!
I hope you will find the above tips and information useful, and helped provide some savings for you. Do note that this post is base purely on my own experience using Shopback from May till July 2016, and all information is correct as on date of blog post. I should not be held responsible for any other experience you encounter on Shopback if it differs from my post above.
Lastly, in order to save the ordeal of navigating through the aesthetically not pleasing Shopback website, I’ve listed a few of my favourite merchants referral links which you can just click directly and bookmark my page.
Enjoy shopping and savings!