Cashback for online shopping is a financial incentive where a percentage of the amount spent on purchases is returned to the buyer. Here’s how it generally works:

Platforms like Rakuten, TopCashback, and Honey partner with various retailers. Users create an account on these platforms and access the retailer’s site through the cashback portal. By doing so, a portion of the purchase amount is tracked and credited back to the user’s account.

Many credit cards offer cashback as a reward for spending. For online shopping, specific categories or retailers might offer higher cashback percentages. Users typically receive this cashback as a statement credit, check, or direct deposit.

Some online retailers have their own cashback programs or loyalty points systems. For example, programs like Amazon Rewards offer points that can be redeemed for future purchases.

Users sign up for a cashback service.

They shop online by clicking through the cashback service’s link to the retailer.

A percentage of their purchase is tracked and added to their cashback account.

Once a certain threshold is reached, users can redeem their cashback via various methods like PayPal, direct bank transfer, or gift cards.

Savings: Direct financial return on purchases.

Deals and Promotions: Many cashback platforms offer additional deals or higher cashback rates during promotional periods.

Multiple Uses: Cashback can often be combined with coupon codes and credit card rewards for maximum savings.

Suppose you buy a Tk.100 item online through a cashback portal offering 5% cashback. After completing the purchase, Tk.5 will be credited to your cashback account, which you can later redeem.

For more detailed information and the latest offers, visiting the specific cashback website or app is recommended.