Cash back deals

firestarter

I have saw all these cashback deals for 100% cashback but i have been wondering how in gods earth do the companies make money if they are giving you 100% cashback?

*!*HIBS*!*

Asked and answered many times. Have you tried searching to see if this has been asked before? Well anyways, trying to prove that we are a helpful bunch on here, the gist of how this works is;

-The company that you are dealing with (for the cashbacks) will get commission (about £100+ for example) from the network for each contract that it sells/connects to their network. The more they sell, the more commission they get and also if they reach/supass sales targets (maybe set by the network they may get a bonus).

-The cashback company assumes that you will pay your monthly DD for your phone bill on time (some won't accept bills when it's time to claim with previous bills that have not been paid each month), so therefore your claim will get rejected.

-If you don't send in your correct paperwork and they don't tell you this (some companies will tell you this), your claim will be void, hence saving having to pay out and having spare cash for themselves.

-If you don't remember to send your claim in on time your claim will be void, hence saving having to pay out and having spare cash for themselves.

-With some companies if the claim is declared void the following claims (if you have any more to claim) will be void automatically, e.g. Phonebox Direct/Cool New Mobile, but some may say your allowed to claim the others, I know e2save says this.

-Some companies will try and change their T&Cs so that they refuse to pay out or some companies will plainly not give you your cashback back, such OSPS?

-In some cases once some dodgy companies have signed up contracts for example you hear of them going bust. This means that the company is not there to pay your cashbacks so your stuck on a binding contract with your network and you will have to fork out either for a contract that you didn't want in the first place or you cannot afford!! :mad:

So if you follow ALL the companies T&Cs for the cashback then you should be ok to have your claim being successful.

Whilst this is not a definitive list this is a general guide. Make sure you read the contract before you agree to it so you know what you're getting yourself in for!