Here’s my cashback Malaysia article for those of you new to the concept. Earning cashback while you shop online is one the easiest way to earn money online in Malaysia. With the advent of internet shopping, you can buy anything (almost) nowadays. What easier way than to get paid while you are already buying something you need anyway right?
How does Cashback in Malaysia work?
In this article, I focus more on cashback for online shopping as opposed to cashback credit cards.
Cashback sites in Malaysia are typically affiliate partners for major shopping websites like Lazada and Shopee. They also partner up with a lot of renown brands to help promote their services and products.
In return, these brand owners give the cashback sites commission for every transaction made by those who signed up under the cashback site. These sites then give a cut of whatever affiliate commission they make back to their users. It’s a win-win for everyone!
In order for the cashback sites to track how much they should give back to you, ALWAYS pay using their referral link and make their site a starting point for your shopping trips. Otherwise, your purchases might not be tracked properly and you might lose out on free money.
There are 2 main cashback sites in Malaysia – Shopback and MilkADeal.
Shopback is really famous and I think everyone knows about it. They hail from Singapore and have made really impressive progress, gaining venture capital funding and growing aggressively. They have extensive partnership programs and their ads are everywhere.
For that reason, I use MilkADeal. No reason why I chose it over Shopback. Then again, MilkADeal was founded in Malaysia and I happened to register on it before Shopback made its way here. That, and also I have a tendency to support underdogs. Malaysia Boleh!
MilkADeal Referral Program
MilkADeal‘s referral program is different – they offer 5% bonus cashback over your referee’s shopping. What this means is, you just need to refer a shopaholic friend and your earnings can potentially be more. Compare that to what Shopback currently offers, which is only RM5 for each new referral.
MilkADeal’s site doesn’t really show how they calculate the referral bonus, but what I’m assuming is 5% of your referee’s earnings – which makes better sense. So if the person you referred shops a lot, you could potentially earn more than RM5.
How Much Can You Earn with Cashback Sites?
The earning potential is actually unlimited! If you do a lot of online shopping and have not yet started using cashback sites, you are missing out on a lot of money. Active users of cashback shopping sites can earn thousands in cashback every year.
For that reason, I strongly encourage everyone who does online shopping to signup to at least 1 cashback site and start using these cashback sites to their full potential. Otherwise, you’re just leaving money on the table. It’s a no-brainer.
My Shopping Cashback Experience
I find myself only occasionally using cashback sites because I don’t buy a lot of stuff online. My lifetime cashback with MilkADeal so far is only RM159.70 – nothing to shout about.
Sometimes, shopping trips don’t get tracked and it’s a mild annoyance. I tend not to get too worked up about it. The best tip on how to avoid your cashback not being tracked is to browse and add items to cart first, go to whatever cashback site you use, use their link to go to back the shopping site and THEN only make the payment. I find that with this method, all my shopping experience has been tracked quite well.
What about you? How much have you earned so far with cashback? Tell me your experience in the comments below!