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https://theconversation.com/money-isnt-free-heres-what-to-know-before-downloading-a-cashback-app-276270>
"“Cashback” apps make an enticing promise. You download an app or click on a
web browser extension. You go about your online shopping as usual, spend money,
but then get some cash back. It sounds simple, right?
In recent years, cashback programs have made a serious splash with online
shoppers.
The Singapore-based company ShopBack, for example, currently has more than 55
million customers worldwide and was last valued at A$1.4 billion.
And it’s competing in a crowded market, alongside companies such as Freecash,
Honey, Kickback, Boost your Super and Grow My Money.
Even some of the big banks are getting in on the cashback trend. Westpac has
partnered with Shopback, NAB has its own “NAB Goodies Program”, and
Commonwealth Bank has “CommBank Yello”.
Of course, nothing is free. When a “middle man” cashback company is involved,
either you or the retailer is paying somehow. Here’s how these programs work –
and some of the risks you should be aware of."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
