Cashloop – Another Australian Cashback/Reward Website

scotty on 11/05/2007 at 3:09 pm, filed under Website

Cashloop Cashloop‘s motto, “it pays to shop online”, pretty much reflects its business model — it is (yet another) cashback/moneyback/reward website that gives back a part of its affiliate commission to its members. When you enter into online retailer’s websites via these guys, an affiliation cookie will be installed on your web browser, so that any purchase will be tracked, transactions recorded, and you can get a percentage of the transaction amount as cashback.

We have actually looked at quite a few reward websites before — OzRewardS, BuckScoop and MoneyBackCo, although I have yet to write a review on the biggest one site in the country, EmailCash. Except for EmailCash with its ever-so-confusing currency system, they all pretty much work the same. Is Cashloop any different?

Well, let me look at the things I like and don’t like about this new reward service.

Good

  • Definitely one of the better looking one of the bunch. Clean design. Very readable text. Easy to use navigation. It certainly makes finding the shop you are after easier. Nice.
  • Before end of July, you can get 50% extra cashback! That means, if a shop usually offers 5% cashback, you can get 7.5% before 31st of July!
  • It is coded in Java. Yes I know it is no longer an “in” language unlike 10 years ago, but it still feels heaps better than other “scripting languages” like PHP (BuckScoop, OzRewardS, MoneyBackCo) and ASP/VB (EmailCash).

Bad

  • Even with 50% bonus cashback, its cashback rate is still no match of MoneyBackCo’s. Just compare it with the rate offered by MBC, I think it is giving out around 75% the commission back at the moment, and 50% after July.
  • They are very new — only started in April 2007.
  • Does not offer any merchants from DGM-AU — only clixGalore and CommissionMonster are offered.

Ugly

  • What is all this “100 points = 1 Australian Dollar” crap? Just show me the dollar sign and nothing else! (One thing that I really dislike about EmailCash)
  • I cannot get the email/account verification to work! After I paste in the URL to verify my account, the site would say “whoops! An internal error occurred. Administrators have been notified by email. Apologies for any inconvinience. (sic)” — until I clear out all the session cookies. Maybe it should not have been coded in Java in the first place. Due to the outage, I am unable to test any functionality. Maybe next time.

Well, I guess Cashloop is not that much different from all its peers I guess. This cashback/reward space is certainly getting a bit packed. Competition should encourage innovation I hope, and it is the keen shoppers that benefit at the end.

As a consumer, it is also a good idea to stick with one reward program because you usually need to accumulate a fixed amount of credit before you can cash out. You don’t want to try them all and have cash credits and points scattered everywhere, but the amount is never large enough to change to real $$ in your bank account.

Update: Thanks to Luke from Cashloop for fixing up my account.

6 Comments

  1. Firstly may I say a big thank you to Scott for his excellent review. I am most pleased that he found Cashloop both intuitive and uncomplicated to use, and most of all good value.

    I feel that we have addressed the issues he raised:

    - Our rates have doubled. We now offer 100% of the available cashback!

    - Our points system has been removed. To Quote Scott we ‘Just show the dollar sign and nothing else!’

    - Our flexible Java architecture means it is dead easy to configure an automated interface to any new affiliate network. We have an account at DGM, amongst many others, but have found the best quality merchants to be those we already offer. That said, expect to see new merchants shortly!

    Thanks again,

    Luke.

    27/05/2007 @ 8:50 pm | Reply
  2. Rewardlover.com i find is a good site they pay all my cashback instantly unlike others where you need to wait months for your cashback to clear.

    08/04/2008 @ 5:27 pm | Reply
  3. Its wonderful we have a few cash back websites in Australia. I am always looking for barrgain and I have stumbled across the cash bcak site you have mentioned. I think email cash is confusing because of its point system which can be deceiving. My favourites are cashloop and fonzii.com.au
    Fonzii.com.au have made the cash back system simple to use and easily navigate through the stores.

    21/04/2009 @ 9:20 am | Reply
    • You gotta to be kidding. Fonzii.com.au is taking so much cash for themselves it's not even funny. DealsDirect – 2%? Try to look up the same merchant on MBC or BuckScoop to see how much they give back.

      Fonzii.com.au FAIL.

      23/04/2009 @ 1:53 pm | Reply
  4. Melvin Jong:

    In reading Scott’s comment on fonzii, I felt that I needed to comment in their defence. I’ve been using fonzii.com.au for several months now and even though they may offer less cash back up front, you make more with them in the long run. I think your FAIL rating was bias as you have an affiliation with MBC. I’m a very frugal shopper and have made my own comparison with several variables, fonzii.com.au gets a “PASS WITH FLYING COLOURS” rating in my book. fonzii offers more than MBC and Buckscoop, you just have to look properly to see all the benefits. Comparing upfront cash back amounts only, is quite a weak way of comparing business models with an up and coming competitor. Smart shoppers go where they get more overall, not just upfront. Believe me, I’m a disloyal consumer, I go were it costs less and I’m going to get paid the most.

    Melvin

    03/07/2009 @ 3:55 pm | Reply
  5. @Melvin — please be explicit on what are your flying colours because sorry I cannot see any of those properly (besides the Fonzii logo is indeed colourful). Also please show me how you can get more back overall.

    03/07/2009 @ 4:51 pm | Reply

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