After hearing so many good things how some people had managed to save $1000's of dollars using Ibotta I needed to find out whether is Ibotta legit or not
I think its cool that you can earn money to do things that you would normally do for free.
Paying for things such as groceries can take up a high percentage of the bill in households so having an app that can offer ways to cut down can go a long way
Anyway today I’ll be bringing you a review on ibotta to see if it’s a genuine opportunity to make money from your Smartphone. Is Ibotta Legit or a Scam, Let’s find out!
Ibotta App Review Summary
What Are They?:
Saving Money App
What Is Ibotta?
Ibotta allows you to save money on your shopping at many retailers in the US. When you pay for something at one of the stores supported at Ibotta, you can then use your receipt to get cash back on items you buy.
As soon as you get a receipt you can redeem the points on it and that will be uploaded to your account within the next 24 hours. So basically all you need is a receipt and a smartphone to start earning with this company.
How Do You Get Started?
Ibotta makes it very simple to start earning money from your shopping. There are two ways that I could see someone using to earn money.
1. Choosing Rebates
Ibotta has a catalogue of over 350 retailers to choose from, with this way you could simply browse the store for items that interest you.
Let’s say you found an item that gives you 50% cash back and is also a product you would buy in your weekly shop already you could go and purchase that item and make a saving.
2. Choosing a store
Another way to earn could be if you live near a store that is partnered by Ibotta. If you were to go and do your weekly shop at one of those stores the chances are there will at least be some items on that receipt that will give you cash back.
I reckon in the long run this could be a good way to earn money as for example if you made $5 back on every weekly shop you did you would save $262 a year.
3. Link a Loyalty Account
Another way to make money is that if you have a loyalty account with one of their partners you can earn money before you shop. In this little feature Ibotta lets, you unlock rebate when you complete tasks in the store.
When you get to the cash out of the shop you can get paid by simply entering either your Phone Number or giving them your loyalty card.
4. Mobile In-App Purchases
You don’t have to visit a store to earn money, you can also get paid for in-app purchases as well. In the Ibotta app you can choose from a variety of apps that are partnered where you can earn cash back on them.
IBotta Referral Program
Yes, Ibotta also has a referral system that gives you $1 for every referral that signs up under you. Another thing is that if you link your Facebook account, you and your Facebook friends join a group called ‘Teamwork’ which gives you extra opportunities to earn extra more money.
As soon as you reach $10 you can request a payout, at the moment you can get paid through PayPal and gift cards.
Your Paypal cash will be deposited into your account within the next 7 days. The gift cards will be processed at the same time and are sent to your email address.
The Positives and Negatives
The 'Good' Stuff
1. Get Cashback You Already Do
My favourite thing about cashback apps like this one is that you are effectively saving money you otherwise wouldn't have before. Ibotta has a range of shops for you to choose from so you could do all your shopping and cut back on the money you spend.
2. Low Threshold
Having a low threshold meaning that getting paid and claiming that cashback that you have earn't is easy. You don't have to build up a certain amount of money and can cash out at as low as $10. They do have an effective system in place and pay within 7 days which isn't too bad.
3. Referral Program With Potential
If you are not that interested in saving money then Ibotta have you covered as they also offer a referral program that gives you the opportunity to make money by referring others to the app.
Whats also good is unlike many referral programs its not on percentages and offers a fixed rate in the $1. So if you can get 100 people to sign up you can earn $100, its as simple as that.
Obviously its not easy to get so many people to sign up and you will find many people who are registered to Ibotta handing out there links over the internet to encourage people to sign up under them.
I actually made a guide that shows you how to get referrals on survey sites and apps like this which you can check out. It was made for survey sites however the methods work with most referral programs.
The 'Not So Good' Stuff
1. Only Available To US Residents
For those of you who are not from the US like me then we miss out unfortunately as this service is only in the US at the moment.
Hopefully they do at some point expand to more countries in the distant future. I will come back to this review and update if so.
Is Ibotta Worth It?
Ibotta looks like a great app to make money especially as it takes very minimal effort to do so.
Many of the popular retailers are available on the app so if there is a store you shop at anyway, it would make sense to use Ibotta to save money.
Being able to receive money to do something that you would normally do for free is a massive win-win.
My 'Worth It' Rating
More Into Making Than Saving?
Ibotta has a good referral system of $1 for every referral that signs up under you, but this won’t provide you with a huge amount of money in the long term.
I highly recommend Affiliate marketing as it gives you the opportunity to make a full-time income from the come comfort of your own home.
Check out my 4 simple steps to start earning a full-time income today! Read more here
What do you think to Ibotta? Have any questions or opinions you would like to throw my way?
Let me know by leaving a comment down below, I'm interested in hearing what you guys have to say 🙂