How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (2024)

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An in-depth review of how 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.

And lo and behold! Rakuten actually gives you FREE money for shopping!

Why haven’t I discovered it sooner! It could have saved me a lot of cash by now.

Oh well, better late than never.

Because I do not want you to miss out, I will share with you my experience with Rakuten and how you can benefit from it too.

How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (1)

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.

How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (2)

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 like Target and Old Navy are part of Rakuten!

How To Join and Get Cashback from Rakuten

How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (3)

Getting started with Rakuten is so easy. You just create an account and start spending like how you normally would online.

1| SIGN UP

You can join by creating an account. You can sign up here to earn a $10 bonus after spending $25 online.

2| SHOP

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.

3| 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 browser so you won’t forget. It alerts you of available cash back when you are browsing.

You can also earn cashback by just referring your friends. You will get $20 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.

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.

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 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!

Do you use Rakuten for yourcashback website?Did my Rakuten review help you out?

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How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (4)

How Does Rakuten Cash Back Work

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How Does Rakuten Cash Back Work (Plus Get $10 Bonus) - My Worthy Penny (2024)
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