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An in-depth review of how does Rakuten cashback work.
Update: Ebates is now Rakuten, different name but same benefits.
Who doesn’t shop online nowadays? The answer is almost NONE. Shopping in stores is almost a thing of the past.
Millennials are constantly on their phone browsing items to buy. Some even shop online for their grocery needs.
I, for one, love the convenience of shopping online. I can skip the line and be able to do other things.
That’s when I stumbled upon Rakuten but I was skeptical at first. Who wouldn’t be?
There are a lot of scams out there. So I carefully researched and decided to give them a try.
My First Rakuten Payout
Once I was convinced with my research, I signed up and started shopping. I did not do a whole lot because I just wanted to try them out. After 4 months, I received my first pay out which was $19.96.
$5 came from signing up (yay!). After I got my first payout, I continued shopping with them more frequently. Now I earned $526.86 since I started with them.
Can this really be true? An app that pays you just for shopping?
Shaking your head?
Yeah, I thought so.
So here’s the thing, let’s dive into how Rakuten really works.
What is Rakuten
Rakuten is a cash back website founded in 1998 and based in San Francisco, California. It is a shopping portal where shoppers can get coupons and cash backs from their purchases.
How Does Rakuten Make Money
Rakuten earns commission through affiliate links. And they share this with shoppers through cash backs. They offer up to 40% cash backs on 2,000+ stores. Most of my go-to stores are part of Rakuten
How To Join and Get Cashback from Rakuten
You can join by creating an account. You can sign up here to earn $10 bonus.
Search for the store you want. Click “Shop Now” to activate your cash back percentage. You will be redirected to the store’s website. Shop and pay. That’s it.
CHECK YOUR EMAIL
Ebates will email you with your cash back update.
When to get Rakuten Payout
Rakuten pays quarterly. You can request your payout to be a check or through Paypal.
What are other ways to earn cashback with Rakuten
Download the app on your phone. The app is available on iPhone, Android and iPad.
Make sure to add the Rakuten cash back button on
You can also earn cash back by just referring your friends. You will get $25 and your friend will get $10. It’s a win-win situation.
Does Rakuten Work in Stores
Rakuten also added a new feature in 2016 in which shoppers can earn cash back while shopping in the store.
Shoppers will just add their credit card information on the wallet section of their account. I have yet to try this out.
How Much Does it Cost to Join Rakuten
The best part about Rakuten is you can JOIN FOR FREE. Rakuten makes money from affiliate commissions and they share it with you so it does not cost you anything.
What is the Downside of Rakuten
The only downside of Rakuten is that they pay quarterly so it could take months before you get your paycheck.
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Final Thought On How Does Rakuten Cash Back Work
Although this may not seem to be a lot, it is still a decent amount of money without the hard work. I just shop and get paid. And I do not let my earnings go to waste, I deposit it to our emergency fund. (yay!)
So, what are you waiting for, sign up and start earning!
Have you used Rakuten before? What was your experience?
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