08May

Money Savvy

How QuidCo works and how to withdraw money

Quidco is a great online resource when it comes to getting cash back on your everyday purchases. If you’ve never used the site before, then you may be wondering how it works. 

Currently, Quidco is partnered with a whopping 4,500 brands on and offline and you can claim cashback on every purchase you make with them as you shop. Sounds great, right? We understand if you feel a little sceptical about the whole thing, though. There must be a catch, right? After all, getting paid to shop? That’s the dream for many of us! 

Read on to learn how to use the site and get those all important pennies paid out at the end of the day. 

So, how does Quidco work? 

Cashback sites such as Quidco make deals with brands where they agree to feature a link to a product or offer on the cashback site. When a customer clicks through to buy this product from the link on the cashback site. The brand can trace it, and know that the cashback site is the reason that the customer made a purchase. The brand will then pay the cashback site a commission for each purchase that’s made through them. The cashback sites then pass some of this commission onto the customer, and that’s how you get paid for shopping. 

When you use Quidco as a customer, all you need to do is make sure that you visit Quidco’s website and click through to any brands you want to buy from there. Then, you can shop as normal on the brand’s website, and your cashback amount is transferred directly into your bank account later! The amount of cashback you receive is a percentage of what you spent on that purchase. The exact percentage you receive will vary between shops, and whether they are running an offer.  

You can then use this cashback as you wish; how about taking those extra pennies and putting them into a rainy day savings account? That means you’ll have a little extra cash on the side to put towards those emergency or last-minute expenses. You could also use the money to save up to put towards a bigger treat or keep it tucked away ready for Christmas. The average Quidco customer is estimated to earn around £280 in cash back each year – so it’s definitely worth checking out! 

How to shop using Quidco for the best return 

The users that make the most cash back are those that take a look at the offers available on the Quidco site before making a purchase. As an example, let’s say you’re thinking about buying a new toaster. 

You’ve seen two very similar styles for the same price in both Argos and on AO.com but Argos is offering a 10% cashback deal today, compared to AO.com’s 5%. In this case, you’ll get a great looking appliance and more cashback if you choose Argos. Shopping to earn cashback takes a little additional research but it’s definitely worth it in the long run. 

The deals and offers provided by brands on the site change daily, so it’s always worth checking back regularly to see if you could get more cashback on your purchase another day. Nobody likes to miss out on a great deal, so if you don’t need to make your purchase urgently, it can be a great way to maximise the cashback you receive.

It’s also a good idea to install the Quidco Cashback Reminder on your browser. This encourages you to check the website before you make any purchases online – which means you won’t miss out on that all-important cashback. The Cashback Reminder is simply a plugin that you can install on Chrome or Firefox. It will pop up while you’re browsing, to remind you to visit QuidCo and go  back to the brand site through their link before you make a purchase. 

How to get cashback for free at Quidco

You can also earn cashback without paying out any cash at all. Simply sign up to free memberships and subscriptions and get the payout. You could sign up for a free credit check with Experian or create an account on Match.com and still get money back. Some brands do this because in many cases it is cheaper for them to gain new customers this way rather than other advertising. A website visitor today can become a loyal customer in the future if they like the service they receive.

What type of things can I get cashback on with Quidco?

You can earn money back on a range of purchases. You could buy your summer holiday through Quidco and earn cashback or choose breakdown cover for your car. Here is a list of some examples of everyday expenses you can purchase through Quidco and enjoy money back: 

  • Travel accommodation 
  • Car rental
  • Laptops 
  • Cameras 
  • Clothing and footwear 
  • Car insurance 
  • Designer brands 
  • Loans and credit cards 
  • Flights 
  • Broadband 

Can I use Quidco in store?

Yes! You can also get cashback on purchases made in store. All you need to do is add your long card number to your Quidco account, and whenever you use this card in a shop that works with Quidco, you’ll automatically earn cash back. Some examples of stores and restaurants that have partnered with Quidco include Matalan, Byron Hamburgers, Sixt Rent a Car and Berghaus. 

Is Quidco free to join?

Yes, it’s completely free to sign up as a standard user. There is an optional paid membership available that costs £5 a year, which comes with an advert-free website experience and the opportunity to access exclusive offers and prize draws that are just for premium members.

How does Quidco make money?

Every time you make a purchase through Quidco, they receive some commission for referring you as a customer. They then give a percentage of that commission back to you. This is the main way they make money.

They also make money from their Premium membership option, where you pay £5 a year to join Quidco and enjoy no adverts on the site and exclusive offers and prize draw entries. 

How do you get your money from Quidco?

You can have your cashback funds transferred directly into your bank account, moved into a PayPal account or turned into an Amazon gift card. This gives you options when it comes to how you want to spend your money. You must have £1 or more in your Quidco account to be able to make a withdrawal. 

When you want to withdraw your funds all you need to do is head to your payments page on your account and hit the withdraw button.

How long will it take for my Quidco withdrawal to reach me?

QuidCo states that you should allow six working days for confirmed withdrawal payments to reach you. You can track your withdrawals on your account and whether it has been confirmed or not. 

It can take longer, as the cashback and commission needs to be confirmed with the retailer you have made a purchase through and then transferred to your account. Quidco notes that it can take around three months for general high street retailers and six months for financial products to process your cashback. 

Does Quidco work with Amazon?

Yes, not only can you have your cashback pot turned into an Amazon gift card to spend on the site, but you can also get cashback on your purchases when you shop on Amazon. Each of Amazon’s categories come with differing levels of cashback and savings. 

For example, at the time of writing, you can get 6% cashback on products in the Kitchen and Dining category and if you’re buying jewellery get a huge 10% cashback! It’s worth checking out the Quidco Amazon page before you place an order, to make savings on the different types of products you are hoping to buy. 

Is Quidco worth it?

Quidco is definitely worth signing up for if you want to earn some easy cash and if you have some larger expenses planned. It’s free to join and you are essentially saving money on the overall cost of your purchase. But this is about getting the cashback after rather than seeing the discount beforehand.

So are other people using the site?  Yes, more than 7 million people have signed up to the cashback site in the UK alone, so you won’t be alone when it comes to earning money for just going about your business and shopping as usual!