Ibotta
Cash back on everything you need! Join now to start earning cash back!
Ibotta allows users to earn cashback on their in-store and online purchases. The platform exists as a mobile app for Android and iOS devices. Currently, Ibotta supports hundreds of retailers and thousands of locations nationwide. A growing number of online retailers continue to join the platform as well. Users add items to their list, buy those items, verify their purchases, and earn cashback within 48 hours. An easier method for saving money on everyday purchases might not be available!
After launching Ibotta, users go through a simple signup process. This involves verifying an email address and a phone number. A user is then prompted to select retailers they tend to shop at as well as the items they buy the most. From there, they can access the entire Ibotta platform and see what's available for offers. Offers can be sorted by retailer or by the category the offer is contained within. The platform includes a useful search tool for navigating all of these offers.
Redeeming an offer couldn't be more simple or straightforward. A user buys the items at their chosen retailer and then submits the receipt as verification. Luckily, Ibotta automatically connects to some rewards programs to verify purchases in seconds. Submitted receipts may take anywhere from seconds to 48 hours to process in full. Online offers are redeemed by clicking through to the retailer within the Ibotta app. It's important to note that online offers may take up to 45 days for approval.
Ibotta features a cashout threshold of $20.00, which doesn't sound like much money. However, most offers provide $0.10 to $0.75 per redemption. Reaching that threshold can take some time for infrequent shoppers. Users need to exercise caution and not buy items they may not necessarily need or use. Otherwise, Ibotta's redemption options range from PayPal and Venmo payments to dozens of retail gift cards. The redemption process is simple, requiring mere minutes to cash out an account with at least $20.00.
Other features on the platform include teams and bonus offers. Ibotta is an excellent platform for cashback, but it's not the only one available. In the end, the most glaring shortcomings involve online offer approval times and a high cashout threshold. Ibotta has been in business since 2011, and the platform won't disappear anytime soon. Thousands upon thousands of users rely on the platform to save money on their everyday purchases. Unsurprisingly, Ibotta continues to grow and offer users more options for earning cashback and other rewards for the items they already buy.
Pros
- App offers cash back on hundreds of in-store items
- Cashback is available for a growing number of retailers
- Dozens of redemption options, including Paypal and various gift cards
- Bonus and team features increase earnings for everyone
Cons
- Cashback from online retailers includes long processing times
- Some in-store offers come with strict guidelines for redemption
- Threshold of $20 for redemption can take time to reach
Routine bug-squashing, enhancing and zhooshing to improve performance and make getting cash back better, one update at a time.