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    Quidco

    I dont understand quidco or how it works.

    My understanding is:

    you pay them a fixed amount, £5 was it? And then they give you a percentage back for what you buy. Over a period of time you can put all the money into your paypal and make more than the £5 you paid them

    Am i correct?

    i need someone to tell me in a stupidly clear way because i know nothing about it

    cheers

    17 Comments

    NO, you register your details, you go to them before you buy anything online, just type in the search engine the web site you're looking at, then they track whatever you buy and you get a certain percentaage from some traders, or set amounts for sign ups to dvd trials etc. When you ahve earned money it will first be tracked, then validated, then you need to wait for the payment to be collected from the said trader, after which quidco will pay it out to you at the end of the month, minus£3.99 I think it is admin charge, but they only chage you once in a year.

    mrs moon 53;1970616

    minus£3.99 I think it is admin charge, but they only chage you once in a … minus£3.99 I think it is admin charge, but they only chage you once in a year.



    It's £5 a year. (and then they only take it if you have earned enough to cover it)

    Quidco deduct the first £5 cashback per year as their fee...

    You don't *pay* QuidCo the £5, it's deducted from your earnings: so there's no chance of it costing you anything.

    Original Poster

    ok thanks guys

    so basically, with quidco i can buy something and get paid a bit for buying it? And am i right it goes into my paypal?

    It just seems a little too good to be true

    in$anity;1970662

    ok thanks guysso basically, with quidco i can buy something and get paid … ok thanks guysso basically, with quidco i can buy something and get paid a bit for buying it? And am i right it goes into my paypal?It just seems a little too good to be true



    will only go into your paypal if less than£50, over that you need to regiser your bank details so they can BACS to you.

    Original Poster

    After thinking some more about it,... wouldn't you have to spend loads to get alot of money back? More than the £5 you're paying them

    in$anity;1970662

    so basically, with quidco i can buy something and get paid a bit for … so basically, with quidco i can buy something and get paid a bit for buying it? And am i right it goes into my paypal?



    You can either get the money paid into PayPal or straight into your bank account.

    It just seems a little too good to be true



    Lots of comapnies offer referal fees for passing customers on. Every time you click on an advert on the net, that's often how the advertiser gets paid. What cashback sites do, is give either a percentage or the whole of that referal fee back to it's members. So whilst it seems too good to be true, it's actually an arrangement that has been going on for years in one form or another.

    in$anity;1970673

    After thinking some more about it,... wouldn't you have to spend loads to … After thinking some more about it,... wouldn't you have to spend loads to get alot of money back? More than the £5 you're paying them



    It's surprising how quickly it adds up.

    in$anity;1970673

    After thinking some more about it,... wouldn't you have to spend loads to … After thinking some more about it,... wouldn't you have to spend loads to get alot of money back? More than the £5 you're paying them



    Depends... i have a lot of little amounts from HMV but then £80 from one phone contract. £45 from another etc..

    nightswimmer;1970702

    It's surprising how quickly it adds up.



    Especially when you buy car / house insurance :thumbsup:

    in$anity;1970673

    After thinking some more about it,... wouldn't you have to spend loads to … After thinking some more about it,... wouldn't you have to spend loads to get alot of money back? More than the £5 you're paying them



    Your NOT paying them!!!

    They deduct the 1st £5 cashback per year as an admin fee... the rest is yours!

    I have received over £500 from Quidco since I started using them in 2005.

    I have told people about it and one of my friends has received over £1000 since 2006.

    in$anity;1970673

    After thinking some more about it,... wouldn't you have to spend loads to … After thinking some more about it,... wouldn't you have to spend loads to get alot of money back? More than the £5 you're paying them



    You're not paying them £5. They take your first £5, as mentioned above. Costs you nothing.

    Here are my recent months to give you an example:

    http://img293.imageshack.us/img293/5987/21109860qs7.jpg

    These are purchases I was making anyway, so it's like free money!

    How come you had payments declined?
    Never seen that before

    DAMNOME;1975839

    How come you had payments declined?Never seen that before



    I have declined ones from misprices etc where the order was never dispatched

    Or sometimes if it tracks and then you cancel the order or return the item.

    DAMNOME;1975839

    How come you had payments declined?Never seen that before



    They were from "the hut" - i think I used a voucher code in one, so it declined.
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