The concept of cashback is still little-known in Africa, but it is a very interesting concept that can bring in big money!

In Cameroon, consumers have very few opportunities to get rewarded for shopping at their favorite stores. Nowadays, the internet gives us the opportunity to earn money “easily” but one still has to know how!

What is the origin of cashback

The word cashback comes from the words “cash” and “back” which simply mean “cash in return”. It is a very simple definition, but not complete enough to understand what cashback implies. Cashback is a promotional marketing concept that allows merchants to retain their customers, attract prospects and improve their brand image with consumers. Merchants offer a refund to customers of a small portion of the amount spent in their stores to reward their customers loyalty. To facilitate listing, cashback websites and apps can help.

The ancestor of cashback is a copper token. At the time, merchants offered their customers copper tokens for recognition and gratification. These could then be used on the market to buy purchases. Then paper discount coupons replaced these copper tokens. The concept of consumer gratification remains the same to this day, it has simply been digitized. Around 1970, cashback was integrated by the United States into the banking system. However it is only 20 years later, towards the end of the year 1990, that the concept evolved into what we know today.

How does cashback work on Koree?

Cashback is a new concept in Francophone Africa. To take full advantage of this concept, one has to master it. To earn money and get the items of your choice for free, all you have to do is download the Koree app!

By shopping at Koree's partner stores, you are entitled to a cashback.Koree allows you to create your loyalty card, on which businesses credit your cashback. At the till, just show your loyalty card QR code for the cashier to scan it. Your cashback will be credited automatically. You can accumulate this balance and use it as you wish to pay for whatever you want within the same store. Each business has its own loyalty card and its own cashback rate.

Cashback is an effective way to earn money stress-free! At the register, show your loyalty card on your phone in your Koree app so it can be scanned by the cashier. You'll earn cashback instantly and effortlessly!

Download the app from appstore or playstore and start earning cashback!

What types of cashback are there?

Cashback sites have been around for a few years now in the digital sphere. These are sites that allow you to get a refund on every purchase you make. On the internet, you will find 3 types of cashback:

• Cashback in withdrawal mode: This is simply a cash withdrawal mode. These are not discounts or percentages. In a simplified way, you pay a merchant 500F per card and they give you the same amount in cash. No money is earned here;
• Cashback via bank card: Those who have a bank card can benefit from cashback in certain stores. Some banks offer a refund, a percentage of the amount purchased by bank card, paid directly to the cardholders.
• Cashback on websites: This is the most popular cashback type among Internet users. Several sites offer this type of service consisting in being reimbursed for purchases made on the internet. The cashback percentage varies depending on the site and business; In our context in Africa and more specifically in Cameroon, none of these types of cashback existed before Koree!

For this reason, we have built the Koree application. The application allows you to earn money at every Koree partner businesses (see the list here) and the application also allows you to keep your change in your phone.

What are the benefits of a cashback app?

Collecting your change from a merchant is not always easy. In our Francophone Africa reality it often means buying something you do not need to reach a round price or aborting your purchase altogether. With a cashback application, you will no longer have to buy things that you do not need due to the spare change shortage. With Koree, the merchant will give you your spare change directly into your phone. In addition, with Koree cashback becomes an additional source of income to increase your purchasing power.

Apart from that, a cashback app allows you to make considerable savings. Koree's partners reimburse you up to 15% on all your purchases.Thanks to Koree you also get bonuses by referring your friends and family by inviting them to create a Koree account using your referral code. You earn 500 per friend referred. Free money on top of free money!
You can earn up to 100,000 FCFA by referring your friends and family to spend in their favorite stores!

Conclusion

Cashback is a simple, safe and fast way to make money without constraint. Before Koree, cashback did not exist in Cameroon. The first time you heard cashback was with Koree! What are you waiting for?

Download the Koree app and start earning cashback now!