Did you know that upon almost each euro spent in Germany, you may get cashback in Germany? That means you get money back after you buy something.

What is cashback?

Cashback campaigns try to attract customers with a simple promise: If you buy something with them or through them, you will get back some percent of your total purchase money.

Types of Cashback

Depending on the service you use, there may be different kinds of cashback system. But they all fall into two main categories. Namely:

• Third-party cashback
• Direct cashback
• Credit card cashback

Third-party cashback

In a broad sense, the third-party cashback system is an affiliate marketing tool. This can also be termed as broker or intermediary cashback. It arises from the fact that a portal refers end customers to an online shop and receives a commission for this. The intermediary, in turn, promises the customer part of the commission. The online dealers generate customer growth with the help of the remuneration. Because the competition in e-commerce is very fierce, cashback campaigns are a popular means of customer acquisition .

Example: There are a number of third party cashback providers in Germany.

• iGraal: One of the most popular cashback service providers in Germany is iGraal. They give you cashback on almost every online shop in Germany. According to iGraal’s website, there are more than 1800 online shops, which have partnership with iGraal. That means, when you shop with one one of them through iGraal, you will get cashback of some percent or amount.

To get cashback from iGraal, all you have to do is to sign up with them and then browse for your favorite online shop through iGraal.

In the next step you will see that your cashback is activated and then within a few moments, you will be forwarded to your desired shop’s homepage.

iGraal also has a google chrome browser extension and a mobile app, by which you can maximize your cashback.

• Shoop: Another similar website, which helps to get cashback for online shopping is Shoop. They also have so many online shops in their platform.
• Payback: This may be the most popular cashback service provider in Germany, which has both online and in-store cashback system through points.

Direct cashback

In some cases, the manufacturer or provider of a product offers a cashback campaign to promote a new product or to increase sales directly. Then it’s called direct cashback as you don’t have to depend on any third party to get the cashback. These cashback campaigns are often not exclusively linked to online trading and can also take place in retail . The reimbursed amount of money comes directly from the manufacturer of a product.

Example: Amazon giving cashback on refilling amazon user account with, collecting points on shopping websites etc.

Credit card cashback

When a credit card offers cashback, it means that the cardholder receives a certain percentage of every qualifying purchase back into their account. For example, if a credit card offers 1 percent cash back on every qualifying purchase, you’ll earn 1 euro in cash back rewards for every 100 euros you spend.