My QuidCo just hit £450.00!
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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:04    Post subject: My QuidCo just hit £450.00!
Anyone else use cashback sites? So far, i've earnt £450.00 via it, which is great.

Basically, if you go via QuidCO and onto the retailer you're about to buy from, you get some form or cashback.

QuidCo is UK only, however there are american equivilants!


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Cohen




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PostPosted: Thu, 15th Oct 2009 16:10    Post subject:
dun geddit. explain


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bushwacka




Posts: 2990
Location: Vienna
PostPosted: Thu, 15th Oct 2009 16:13    Post subject:
wtf, they even want 5 quid a year for making money from your purchases? Laughing

it's a nice business model though...win-win for everyone.

wgem wrote:
dun geddit. explain

horrordee buys stuff from an online retailer through quidco's affiliate link. the retailer sells something, quidco get their commission for referring a customer, horrordee gets a bit of their commission for going through them. everyone is happy. Wink


Last edited by bushwacka on Thu, 15th Oct 2009 16:15; edited 1 time in total
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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:14    Post subject:
Instead of buying from hotels.com - i go to QuidCo. I sign in, I search for hotels.com - i click "Visit this retailer and earn cashback". It links me to hotels.com - i buy £100 hotel room. Cashback for Hotels.com is 10%. Hotels.com pay QuidCo 10% of £100 = £10. QuidCo, a few months later, pay £10 to me.

They take £5 from your "earnings" per year, some other sites don't.

Via the above, having bought electronics, flights, hotels, insurance, everything known to man, I have now earn't £450 cashback. Many sites offer only 1% or 2%, but some offer 10%. Some sites offer cash directly - e.g. buy a mobile contract and get £60. I've done that a few times.


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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:15    Post subject:
bushwacka wrote:
wtf, they even want 5 quid a year for making money from your purchases? Laughing

it's a nice business model though...win-win for everyone.


Those guys do, but topcashback.com take nothing, AND increase everything by 10%.

I've never used them though - kinda started using QuidCo and liked them - even though they pay a little less and take a fee. QuidCo are run by HotUKDeals.com people also, and that site itself has saved me shit loads of money over the years by finding cheap deals.


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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:16    Post subject:
bushwacka wrote:
quidco get their commission for referring a customer, horrordee gets a bit of their commission for going through them. everyone is happy. Wink


QuidCo claim to pay 100% commission from the sites, bar the £5.

This is backed up by all other sites usually offering exactly the same amount - e.g. 10% at hotels.com


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SpykeZ




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PostPosted: Thu, 15th Oct 2009 16:25    Post subject:
so who are these american equivilants. If newegg is part of it man I could be raking in some money with the amount of $$$$ I spend on there


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bushwacka




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PostPosted: Thu, 15th Oct 2009 16:33    Post subject:
Horrordee wrote:
bushwacka wrote:
quidco get their commission for referring a customer, horrordee gets a bit of their commission for going through them. everyone is happy. Wink


QuidCo claim to pay 100% commission from the sites, bar the £5.

This is backed up by all other sites usually offering exactly the same amount - e.g. 10% at hotels.com

sorry, but i'm calling bullshit here. those 5 quid per user barely cover their base expenses and no one simply gives money (or work in this case work) away, especially in these times. but as long as it all works out well, it doesn't matter anyway if they are lying or speaking the truth about how much of the commission they take in.
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Przepraszam
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PostPosted: Thu, 15th Oct 2009 16:35    Post subject:
SpykeZ wrote:
so who are these american equivilants. If newegg is part of it man I could be raking in some money with the amount of $$$$ I spend on there


Ever heard of bing cashcash? If you pay with paypal they give you money back depending on the store it can be from anywhere from 1% to 30%

newegg is right now at 2.5% or 3%, couple weeks ago it was at 10% but just for one day..at one point there was 30% cashback on ebay..


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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:35    Post subject:
Sorry don't know any, just tried googling and couldn't find any!


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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:37    Post subject:
bushwacka wrote:
Horrordee wrote:
bushwacka wrote:
quidco get their commission for referring a customer, horrordee gets a bit of their commission for going through them. everyone is happy. Wink


QuidCo claim to pay 100% commission from the sites, bar the £5.

This is backed up by all other sites usually offering exactly the same amount - e.g. 10% at hotels.com

sorry, but i'm calling bullshit here. those 5 quid per user barely cover their base expenses and no one simply gives money (or work in this case work) away, especially in these times. but as long as it all works out well, it doesn't matter anyway if they are lying or speaking the truth about how much of the commission they take in.


Possibly, but then all the sites are in on it. If they "could" pay more, some of them would to get the customers. To be honest, the site isn't run by that many people - 6 people ish. And there are a hundred thousand users - £500,000 a year. Also, they run hotukdeals.com which gets commision on every click from a deal - which is easily in the millions per month.


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Horrordee
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PostPosted: Thu, 15th Oct 2009 16:45    Post subject:
topcashback.co.uk are the others by the way, paying 10% top up. I think i'll start using them now.

they also give you £2.50 for all members you refer - IF you want to start earning cashback in UK and want to use my referal, PM me for a link.


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Skaven




Posts: 158

PostPosted: Thu, 15th Oct 2009 17:48    Post subject:
The only thing i'll say about it though is that they are slow as hell in paying.. at least from my experience. I bought an engagement ring through quidco, 4 months on and im still waiting for them to pay me.
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Lutzifer
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PostPosted: Thu, 15th Oct 2009 17:59    Post subject:
i thought all those pesky get-rich-by-surfing schemes had died together with the dot-com crisis. Back in the day i tried some of them and they never payed. I doubt that the new companies will pay much either. Or rather pay some of their clients, that have a high amount of money coming in, so they will refer others to the service and not pay those with a low amount of generated revenue.

Also, this effectively functions as data-mining for your shopping habits, which i kinda find scary.
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Horrordee
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PostPosted: Thu, 15th Oct 2009 18:38    Post subject:
Skaven wrote:
The only thing i'll say about it though is that they are slow as hell in paying.. at least from my experience. I bought an engagement ring through quidco, 4 months on and im still waiting for them to pay me.


Completely down to the retailer. Some pay within the month, others take months, and some just end up never paying (although i've never had this happen to me).

Before shopping with a retailer, QuidCo give stats on the average tracking speed, and average payment speed. They also give stats on how many tracks "fail", and what % of tickets raised actually result in the correct money getting added to peoples accounts.

I have, sometimes, waited up to 4 months for payment. But this was probably a few times out of maybe 100.

And Lutz - It's not really a get-rich-by-surfing scheme. This is kinda an affiliate scheme, however you get your own commission. I wouldn't even call it a scheme, more of a service.

Either way, the numbers don't lie. QuidCo and other cashback sites are becoming massive over here in the UK - loads of people doing it and all the big financial advice sites recommending using them. Just gotta remember it's not guarenteed cashback.


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Horrordee
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PostPosted: Thu, 15th Oct 2009 18:39    Post subject:
Lutzifer wrote:
Also, this effectively functions as data-mining for your shopping habits, which i kinda find scary.


And yes, you are right, in that QuidCo know where I shop, and how much I spend. They don't, however, know what I buy. I've also, in the three or so years i've been registered, never recieved any spam either.


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Skaven




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PostPosted: Fri, 16th Oct 2009 15:59    Post subject:
Horrordee wrote:
Skaven wrote:
The only thing i'll say about it though is that they are slow as hell in paying.. at least from my experience. I bought an engagement ring through quidco, 4 months on and im still waiting for them to pay me.


Completely down to the retailer. Some pay within the month, others take months, and some just end up never paying (although i've never had this happen to me).


Yup this is true. I had to raise a ticket though about a declined payment, rather than forward the ticket on or answer my question as I had apparently raised the ticket in the wrong place they told me I had to re-raise my ticket. I woulden't of minded but it took them a week to get back to me in the first instancel, even then they gave me an annoying auto-scripted reply. Oh well, moved to that topcash place like you suggested, see what they're like.
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Horrordee
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Location: England
PostPosted: Fri, 16th Oct 2009 16:51    Post subject:
yeh i've just made the move after realising that £450 would have been £495 now!

just bought this laptop for my mum:

http://www.carphonewarehouse.com/broadband/mobile-broadband/dell_insp_17

and getting £19 cashback - it's tracking but not validated yet!

best quidco experiance I had was buying a £1000 TV from M&S... it was cancelled due to a misprice but the quidco was £50, it tracked and validated, and paid out! haha awesome free money!


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spankie
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PostPosted: Fri, 16th Oct 2009 16:53    Post subject:
you guys do know that when you don't buy anything you save more than getting a cash-back, ok?

Btw, on a side note. Those internet companies must have huge margins, so no wonder they can give cash back split up between a zillion referral sites.

When i sell a 12.5$ map via my mountain wiki (link below here) i get 1.5$ as referral fee, which is a small amount of course, but it is 12% or so. And the company still makes a profit. They just empty the pockets of normal customers i guess Laughing
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an4rew




Posts: 145

PostPosted: Thu, 19th Nov 2009 23:37    Post subject:
I love quidco, don't buy alot online but i've been paid over £100 this year so far and will be xmas shopping soon.

a good honest site.
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Horrordee
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PostPosted: Fri, 20th Nov 2009 01:29    Post subject:
agreed. I've recently tried out topcashback, but it's not as good as i thought. you get between 1 and 10% additional cashback based on how much cashback you earnt the previous month. Having earnt £30 cashback last month (spending £600), i'm only at 3% additional - which is useless. Also, only 1 out of my 7 transactions tracked with topcashback - so i'm going back to quidco. I don't mind spending the £5 admin fee every year if it works as it says it should!

Quidco for the win!


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