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Your Smart Guide to Getting Money Off

If you don't mind shopping online and would like some cash in your pocket then check out the website Quidco.

Quidco advertises itself as a "cashback cooperative". It is, in essence, a website full of links to various company websites who want to sell you their products. When you normally click on these advertising links, the referring website will earn commission if the potential customer actually buys anything. Quidco are simply passing this commission onto their users.

Of course they aren't doing this out of the goodness of their hearts - they charge all their members £5 a year for being a Quidco member. However, they only charge you if you actually earn a minimum of £5, so you won’t end up owing them money.

If you don't mind shopping online and would like some cash in your pocket then check out the website Quidco.

Quidco advertises itself as a "cashback cooperative". It is, in essence, a website full of links to various company websites who want to sell you their products. When you normally click on these advertising links, the referring website will earn commission if the potential customer actually buys anything. Quidco are simply passing this commission onto their users.

Of course they aren't doing this out of the goodness of their hearts - they charge all their members £5 a year for being a Quidco member. However, they only charge you if you actually earn a minimum of £5, so you won’t end up owing them money.

It's a good idea in theory, a win-win situation as nobody loses out - the companies get their sales, the customer gets cashback and Quidco get their five pounds.

What surprised us was the amount of cashback it is possible to earn. There are the expected sums of around 2% off at Play.com, but then there are offers like £125 cashback for taking out house insurance with Barclays. (These offers are always changing so we can’t guarantee they will be available when you read this.)

Quidco is fairly user-friendly, it isn't graphic intensive so it loads quite quickly and the pages are clear and uncluttered.

Signing up is simple, just give the usual details such as username etc and then you can start getting cashback.

You can search for websites which offer cashback by typing in their name or use the menu on the homepage to narrow it down by category, such as "Entertainment" or "Finance" etc.

There are hundreds of offers through Quidco which means that pretty much whenever you plan buying anything over the net you will find a cashback opportunity through Quidco.

When you want to earn cashback, all you do is visit Quidco, login and then find the retailers website on the Quidco site. There aren't any adverts as such, you just see a link with a brief description of what the retailer is all about, clicking this link takes you to their website.

Once you arrive at the retailers site, you just do what you normally would do, there's no need to enter any promotional codes etc, just buy what you want to buy and pay as normal.

Quidco track all purchases through several stages until you actually get your cashback. The first stage is "Tracked" where you can see that your purchase has actually been recorded by Quidco. You can see all the stages on your own customer account page.   You get information relating to reliability or merchants as well as speed of paying out and what they do if there are disputes etc on the merchant page in Quidco itself. If you find a transaction hasn't been recorded you can appeal and quite often the merchant will still pay the cashback or a portion of it once investigation has taken place Once successfully "tracked", the next stage is "validated" which means the merchant has agreed to pay the cashback one they have done the checks at their end.

Next comes the "received" status, where Quidco have received the money and are holding it ready to be paid to you. You can specify to have the money paid once your account reaches a certain balance and also payments only take place at a certain time during the month so cash moving from "received" to "paid" takes a few days or so.

You can choose to have funds sent to you through Paypal (free) or for the exorbitant charge of 5 whole pence, they will send it to any UK bank account by BACS, takes up to 10 days for this option.

The only real drawback to using Quidco is the delay in receiving your cash. It can often take 3 months from actually making your purchase until you receive the cashback due to the processes used.

One thing to bear in mind is cookies. You need to have these enabled to ensure your transactions are validated correctly. If you are using Internet Explorer you can check this by going to "Tools", then "Internet Options", "Privacy" and then choosing "Advanced". There are options here to allow cookies or to "prompt" which is what I recommend you choose. You can then allow cookies from Quidco and the retailers you visit from their site, so you are much more likely to get your transactions validated.

You can then choose to block cookies from sites you don't trust, although cookies are fairly benign.

 

 

Please note that Retirement and Investment Solutions is not responsible for the accuracy of information contained within the Quidco website

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