\nRelated: <\/span>Legit cashback sites in Canada<\/a>\n<\/div>\n<\/article>What I like about TopCashback<\/h3>
How much can you earn on TopCashback?<\/h3>
Your earnings depend on how much you spend and which retailers you use, but typical cashback rates range from 0.5% to 16.16%.<\/p>
That being said, TopCashback says you can earn an average of $450 a year if you shop through the platform at least twice a month.<\/p>
What I like about TopCashback<\/h3>- No minimum withdrawal.<\/strong> TopCashback doesn\u2019t set a minimum payout for PayPal, so you can withdraw any amount as soon as your cashback becomes payable. However, retailers must confirm your transaction before cashback becomes payable, which can take 6 to 23 weeks, and there\u2019s a minimum withdrawal of $5 to $10 for certain eGift cards.<\/li>
- Declined transactions will show in your account.<\/strong> This may not seem like a good thing, but I liked knowing when a transaction I made wasn\u2019t eligible for cashback, so I wasn\u2019t just waiting around for money to appear in a few weeks.<\/li>
- Mobile app.<\/strong> TopCashback has a mobile app available for Android and iOS devices. I didn\u2019t use it to shop, but I tested it out, and it has all the same features as the website, including browsing retailers, activating cashback offers, tracking pending rewards and managing payouts.<\/li>
- Browser extension.<\/strong> I liked TopCashback\u2019s browser extension more than its website or mobile app because it alerted me to deals and cashback offers as soon as I went on a partner\u2019s website. This meant I didn\u2019t miss any rewards and barely had to change the way I shopped online.<\/li>
- High cashback rates.<\/strong> TopCashback gives 100% of the commission it earns from retailers, which means you typically get higher cashback than what many competitors offer. I noticed this when I was looking at an eSIM card from Airalo, as Rakuten<\/a> was offering 4% cashback, but TopCashback was offering 8.08%.<\/li>
- Free to use.<\/strong> It\u2019s free to sign up for and use TopCashback with no hidden fees, even when withdrawing your rewards.<\/li>
- Cashback guarantee.<\/strong> TopCashback promises to beat any competing U.S.-based cashback offer by 10%. For example, if another site is offering $20 cashback on a hotel booking, TopCashback will give you $22 for the same purchase.<\/li><\/ul>
The downsides of using TopCashback<\/h3>- Tailored to the United States.<\/strong> On its North American website, TopCashback\u2019s terms and conditions state it\u2019s aimed towards American consumers, which means most of its partner retailers are based in the United States, and rewards are only paid in USD. That being said, there\u2019s a section for Canadian retailers, and you will likely earn more CAD because of the favourable exchange rate, but you may lose on currency conversion.<\/li>
- Only accepts U.S. bank accounts.<\/strong> Since TopCashback is tailored to Americans, most withdrawal methods are as well. You need a U.S. bank account for bank transfers, so you\u2019ll have to opt for PayPal or an eGift card that\u2019s valid in Canada.<\/li>
- Cashback takes a long time.<\/strong> Rewards can take weeks or even months to become payable. My cashback hasn\u2019t become payable yet, so I can\u2019t speak to how long it actually takes, but it varies by retailer.<\/li>
- No sign-up bonus.<\/strong> Unlike competitors, TopCashback doesn\u2019t offer a sign-up bonus to new users. This is because it offers 100% of its commission to users, helping them save more in the long run.<\/li><\/ul>\r\n\r\n
The downsides of using TopCashback<\/h3>- Tailored to the United States.<\/strong> On its North American website, TopCashback\u2019s terms and conditions state it\u2019s aimed towards American consumers, which means most of its partner retailers are based in the United States, and rewards are only paid in USD. That being said, there\u2019s a section for Canadian retailers, and you will likely earn more CAD because of the favourable exchange rate, but you may lose on currency conversion.<\/li>
- Only accepts U.S. bank accounts.<\/strong> Since TopCashback is tailored to Americans, most withdrawal methods are as well. You need a U.S. bank account for bank transfers, so you\u2019ll have to opt for PayPal or an eGift card that\u2019s valid in Canada.<\/li>
- Cashback takes a long time.<\/strong> Rewards can take weeks or even months to become payable. My cashback hasn\u2019t become payable yet, so I can\u2019t speak to how long it actually takes, but it varies by retailer.<\/li>
- No sign-up bonus.<\/strong> Unlike competitors, TopCashback doesn\u2019t offer a sign-up bonus to new users. This is because it offers 100% of its commission to users, helping them save more in the long run.<\/li><\/ul>\r\n\r\n
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