How to Redeem Rakuten Cash Back and 7 FAQs Answered
Rakuten, formerly known as Ebates, is a popular cashback website that allows users to earn money back on their online purchases. With a wide range of partner retailers, Rakuten offers substantial savings to its users. But how do you redeem your Rakuten cash back? Here’s a step-by-step guide and answers to some frequently asked questions.
1. How to Sign up and Earn Cash Back:
To start earning cash back on Rakuten, sign up for a free account. Browse through the partner retailers on the Rakuten website or use the Rakuten browser extension to find participating stores. Click on the store you wish to shop at, and you will be redirected to their website. Make your purchase as usual, and your cash back will be automatically credited to your Rakuten account.
2. Accumulating Cash Back:
After making a purchase through Rakuten, the cash back will usually appear as “pending” in your account within a few days. This is to ensure that the purchase is valid and not returned. The cash back will be available for redemption after a specified period, typically ranging from 30 to 90 days.
3. Redeeming Your Cash Back:
Once your cash back is available for redemption, log in to your Rakuten account. Go to the “My Account” section and select “Big Fat Payment.” You can choose to receive your cash back via PayPal or a check. Enter the required information and submit your request. Payments are typically issued quarterly.
4. Minimum Payout Threshold:
To redeem your cash back, you must reach a minimum payout threshold set by Rakuten. This threshold varies depending on the payment method chosen. For example, the minimum payout for PayPal is $5, while for a check, it is $20.
5. How Long Does It Take to Receive Payment?
After submitting your cash back redemption request, it can take up to a week for the payment to be processed. Once processed, PayPal payments are usually received within a few hours, while checks may take a few weeks to arrive in the mail.
6. What Happens If I Return My Purchase?
If you return an item for which you received cash back, the associated cash back amount will be deducted from your Rakuten account. It is essential to consider this before making a return, as it could affect your pending cash back.
7. Can I Combine Rakuten Cash Back with Other Coupons or Discounts?
Yes, Rakuten allows the use of coupons and discounts in conjunction with cash back. However, it’s essential to check the terms and conditions of each retailer to ensure your purchase qualifies for cash back.
In conclusion, redeeming Rakuten cash back is a simple and rewarding process. By signing up for a Rakuten account, shopping through their partner retailers, and following the redemption steps, you can earn money back on your online purchases. Take advantage of Rakuten’s cash back offers and maximize your savings today!