MANILA, Philippines – Getting paid actual cash to shop sounds too good to be true, doesn’t it? But true, it is! Singapore and Malaysia’s most popular cashback website is now hitting the Philippines, featuring partnerships with both Bank of the Philippine Islands (BPI) and Globe Telecom to roll out this quarter.
Filipinos will now get more bang for their buck when they shop through ShopBack at their favorite online stores like Lazada and Zalora. The mechanics behind it is simple: The merchants pay ShopBack for bringing customers to their site, and ShopBack shares that money with you.
Giving people a portion of their money back when they shop is widespread in western markets, but not in Southeast Asia. ShopBack can’t see why that’s the case and believes every consumer should be able to enjoy the perks of getting rebates, which is why they are expanding regionally.
With e-commerce thriving in the Philippines, it was only a matter of time before ShopBack entered the Filipino market. The Philippine Department of Trade and Industry (DTI) has noted that the e-commerce industry has been booming, with around $1 billion in sales in 2014. The DTI also stated that the industry is expected to grow to $2 billion in 2015.
“We are optimistic about the prospects of the ecommerce industry here. The Philippines is home to more than 100 million consumers, more of whom are turning to online shopping each day. We want every Filipino to be able to save as much as they can, even when shopping online, that’s ShopBack’s promise to you—to help you save more when you shop with our local and global merchants,” said Kristina Ay-ay, Head of Partnerships, Philippines.
- It’s easy to use. ShopBack wants to pay you money to shop and make it straightforward too. The website is designed to be easy to navigate and use. All it takes is three simple steps: sign up, shop, and get cash back.
- From local brands to regional/global brands.
- Savings for every occasion. You get savings regardless of what you want to spend on. Our merchants sell everything from beauty products to travel services. You can find almost everything you could ever want here and save money with every purchase.
- Cash out easily. You have the option of having the cashback transferred to either your PayPal or bank account. It’s that easy.
But why use ShopBack if you already have discount codes or credit card rebates? There’s no issue.
You can use the discount codes and still get cashback on top of that. The cashback comes stacked on top of all other promotions, so you won’t have to choose one over the other. This also means greater savings for you.
It is not just cashback that ShopBack provides. Each merchant page has a coupon section where current sales or coupon codes are listed. It’s all in one place, so you can head over to your desired merchant page, check on any discounts, click through for cashback, and enter the coupon code upon check out.
But ShopBack does not just help consumers save; it is a discovery portal as well. ShopBack already has over a hundred merchants in the Philippines, and are adding more daily, providing a large number of stores for Filipino consumers to explore and to find new websites to shop at.
ShopBack was founded in 2014 by six young entrepreneurs namely, Henry Chan, Joel Leong, Bryan Chua, Samantha Soh, Shanru Lai and Derrick Goh. Voted as the “Most Promising Startup to Look Out For in 2015” in Vulcan Post’s Reader’s Choice Awards in 2014, ShopBack has been successful in its endeavors so far, hitting over 10,000 orders monthly.
Investors also agree with this: ShopBack got its first round of funding of US$500,000 from Accel-X and other investors even before the product was launched, and recently received US$600,000 in their second funding from Accel-X and East Ventures.
As ShopBack also has operations in United States (shopback.com), Singapore (shopback.sg) and Malaysia (shopback.my) in addition to the Philippines (shopback.ph), this will help them expand regionally and improve their services.
It also has partnerships with big companies such as BPI (Bank of the Philippine Islands) and Globe Telecom.
So you’ve heard all about how ShopBack literally pays you to shop online. Here’s how to go about using it:
1. Browse through ShopBack’s wide selection of stores.
After you’ve created your account, you’ll be able to browse through ShopBack’s wide selection of merchants. If you’re looking for something specific, you can choose the category you want, from a long list including Fashion, Electronics, and Travel.
If you just want to browse, you can head over to the Featured section where you’ll find our best deals.
2. Click into the desired merchant’s page.
Once you’ve found a store you’re interested in, click onto it to enter the merchant’s profile. This is where you’ll see more information about the merchant and a list of coupons and ongoing promotions the merchant has, if any.
Click on “Get Cashback” to be redirected to the store’s website. You can shop and pay the merchant as per usual.
3. Get cashback.
Once you’ve made the payment to the merchant, your cashback will automatically be added to your ShopBack account within a few days. The money, in turn, can be cashed out and transferred to your PayPal or local bank account.