What are money back, rebates, and cash back?
These are different terms, which are used when online shopping platforms or companies offer a percentage of money spent on purchasing a particular product by customers back to them as a discount or saving. Customers purchase the product by paying the amount for which it is listed on the online platform but they are offered a percentage of money back as a cashback offer, which can be a source of saving for them, or they can choose to buy additional products. Similarly, some companies are also able to offer cashback to customers while purchasing the products for them since they have cashback or discount deals with online platforms. In this way, customers have the opportunity to save or earn money by opting those options with the help of which they will be able to receive a cashback for purchasing online products. They will receive more money in cash back when they purchase more products and in this way, they will be able to save a significant amount of money depending upon the size of their purchase.