Promo Codes and Their Benefits
Anyone who has bought groceries and read newspapers or magazines, whether online or offline, must have heard about or even actually used promo codes, coupon codes, and cash back incentives/cash rebates. Of course, the biggest advantage of using them is being relieved of some of the financial burden of day to day living.
But what are coupon codes (also called promo codes) particularly? Promos and coupons are made up of numbers and letters giving a discount on your purchase – either directly on the retail price or shipping costs or the two – once you have entered them at checkout.
When you use such promotional offers and discounts, you naturally get to save more cash in your pocket. Promo codes and coupon codes therefore provide the same benefits that come with your usual paper coupons, without having to cut them out and carry them around as you shop.
So where or how can you get those promo codes or coupon codes? There are actually a lot of sources out there, but nothing beats websites that feature an entire array of online retailers and the coupons and promo codes they provide customers periodically. This dramatically reduces the leg work of individually checking out merchants to know if they have promos or coupons. Such websites are paid by the merchants to list them for the convenience of their customers and to increase their online traffic as well.
Whenever a customer purchases something from a listed business using a discount code, some of the payment is earmarked for the website where the code was featured. Code-featuring sites employ a tracking system which keeps a record of all customers behind all codes to ensure they will be paid.
The merchants do lose some profit due to the promo and discount codes, but they ultimately end up gainful because the scheme allows them to grab a larger share of the market.
On top of promos and coupons, some of such websites also provide additional perks to members in the form of cash back incentives. Each time a regular online shopper is led to a merchant’s website and buys something, a certain amount from the purchase price will be credited back to him as cash back and will be recorded in his account at the website. There are websites that offer up to 25% in cash back incentives. During certain times of the year, such as the holidays or any other special event, merchants usually increase by up to 100% the cash backs they provide their customers.
These websites don’t charge members any fees, and all they require are an email address that can be used for communications, and an online payment platform account for the cash back transfers.