Newest Review: ... friends were using it however I hadn't heard of it before. So one of them recommended me and when they do they get paid for that too. Bril... more
Member Name: charlie1979
Advantages: Good cashback rates
Disadvantages: £5 admin fee per year
I have been registered with Quidco now for four months an whilst I was tempted to review this website earlier I wanted to check they actually paid out and that the customer service was up to scratch before I recommended them to anyone else! Since October last year I have accumulated nearly £150 in cashback just by purchasing items through this site that I usually would anyway.
Quidco are basically a cashback site and the main difference between them and others is that they charge a £5 admin fee each year which is taken off your earnings. If you do not accumulate £5 in cash back you will not be charged. I have used a few cashback sites in the past and this is certainly one of the better ones I have used so I am happy for them to take the £5 as the service they provide in my opinion is worth it.
There is a good choice of merchants and all the well known ones are there although I have found a few that aren't but new ones seem to added pretty much on a weekly basis. The best cashback deals tend to be with car and home insurance. I paid for my car insurance through the site last year and received £45 cashback! Some insurers are currently paying up to £80 for a genuine new policy. Other good deals seem to be with energy providers and mobile phone contracts. I tend to do my insurance search through a comparison site such as confused.com, see who are the cheapest and visit Quidco to see if they are on there. This saves you having to visit each merchant through the site getting individual quotes.
The site works by the merchant tracking your transaction through Quidco and this is mostly done by cookies. Once the merchant has tracked your purchase it will be shown as tracked in your earnings page and this is usually within twenty four hours. Once the merchant has approved the transaction it will be shown as validated in your earnings and you then just sit back and wait for your cash! You will only be paid your cashback once Quidco have received payment from the merchant and this usually takes between two and three months. On the website you will be shown tracking and payment speeds of each merchant and their reliability at paying. I tend to avoid the ones with bad statistics.
I have only had one transaction that was declined. It was tracked by the merchant but for some reason it was declined. I filled in an enquiry from on the site and the Quidco team were very quick to respond and have submitted an enquiry on my behalf to the merchant detailing my transaction so I can get my cash back. I have found them overall very helpful and efficient.
You can choose to be paid either by Paypal or BACS. The maximum limit for a Paypal payment is £50 so if you are due to be paid more than this you will need to switch to BACS payment. I use BACS payment as Paypal will take a fee if you receive your cashback through them! You can set a minimum payout on your account which I find handy as I would rather wait and get £10 than get the odd £1 paid into my account. Payments are generally made at the end of each month and a scheduled month for payment will be shown in your account. My payment was due at the end of January and I received e-mail confirmation and my money on the 5th of February.
I would highly recommend this site to anyone as they do pay but you must expect to wait on average three months for your cashback. To me this is no problem as all the money I receive from this site is a bonus!
Summary: A great cashback site!