In this review we will answer these questions: what is Ibotta about?
Can you really save money from it? Does it live up to its hype?
Or maybe it’s a scam to add to the no-go list?
Find out here.
What is Ibotta About?
Basically, Ibotta is all about paperless coupons.
Let’s face it, collecting traditional coupons is anything but fun.
With paper coupons, you have to make an extra effort to collect them, and you will have to carry them around with you.
But, you know the one thing that you will definitely have on your person at all times?
Yup, your mobile phone.
So, it makes sense that having a coupon app on our phone will make shopping a whole lot better.
How Ibotta Works:
There are three different ways that you can use Ibotta. Each method has their pros and cons.
Method 1: Send Receipts:
This method requires a little preparation.
Before you head out, you should look for offers and do simple tasks to qualify for those offers.
Remember, all offers are from Ibotta supported retailers.
Next, you will need to go out and buy those items.
Remember, you have to buy from Ibotta supported retailers, but most major stores are available on the app.
After you purchase an item, don’t forget to keep the receipt!
Once you have your hands on the receipts, all you have to do is take pictures of them and upload the pictures to the app. Within, 48 hours you will receive the cash from the deals you found.
Method 2: Connect Your Phone Number or Loyalty Card:
There are several companies that are partnered or affiliated with Ibotta.
These partners usually have loyalty cards.
Get your hands on those loyalty cards, so that you have easier access to the offers from Ibotta. Alternatively, you can just connect your phone number to find the same deals.
Once you find offers, you can go shopping for those items at the retail stores. After you buy an item, all you need to do is use your loyalty card at the check out counter.
You will receive your cash back within a 48 hour period.
Method 3: In-App Purchases:
If you prefer doing your shopping online, then you will be glad to know that you can find offers for online purchases as well.
There’s an online shopping option in the Ibotta app that you can click on to find all the online shopping offers available to you.
Make a purchase, and you will get your cashback soon.
What’s with The Ibotta Hype?
Well, the cool thing about Ibotta is that you don’t have to spend a cent on the app to take part of the deals.
Plus, they are partnered with a whole lot of major retailers such as Walmart, Kroger, Target, Publix, and many more.
So, you’re probably already shopping at a partnered company anyways, which means you won’t have to go out of your way to take advantage of deals.
Why Is Ibotta Free?
Well, in my mind, Ibotta is essentially an affiliate program that is dressed up as a coupon system.
The team behind Ibotta makes money because they are affiliated with all of those retailers mentioned above. It’s quite an ingenious idea based off of affiliate marketing.
We don’t know if they get a compensation from each purchase a client makes through their app, but we are quite positive that they earn some sort of commission from those retailers.
So, Ibotta is free because they are already getting payed from the companies that they are partnered with.
The companies are happy because they have more exposure to potential clients. And clients are happy because they have easier access to offers.
It’s a win win situation.
Any Cons to Using Ibotta?
Well, we couldn’t really find any real disadvantages to using Ibotta. But there are a few things you should consider when using a cash back application. For example….
You Will Need to Give Your Personal Information
Before downloading the application you will be asked to give the app permission for a some pretty personal information. Information like your location, etc.
While this is fairly standard for most applications, you can never be too careful. That being said, Ibotta looks completely legit. There doesn’t seem to be any evidence that it is a scam.
Might Be Tempted to Buy Things You Don’t Really Need or Want
Like I said, not really a disadvantage. But some people tend to buy things when they are on sale, even if they don’t really want them. This is because they tell themselves that the product might not be as cheap the next time they go shopping. So they think that if they buy the product now, they are making a smart financial move.
You Won’t Be Taking Advantage of Affiliate Programs
Yes, you will be taking advantage of the discount offers, but you will only be saving money.
What if I told you that you could actually be making money?
Basically, you can use a similar business model that the highly successful Ibotta app uses.
Make Money Like Ibotta!
I’m talking about taking advantage of affiliate programs. People make money off of a affiliate programs every single day.
You build a simple website and use it to promote offers as an affiliate.
It is one of the best ways to earn money online.
No longer do you have to go out on a limb to build a successful business.
You can use affiliate marketing to create a business that will generate a passive income.
Thanks for taking the time to read this review. Hopefully now you know what is Ibotta about.
Leave a comment if you have any questions.