Savemonk Cashback is an app created by Zednx Technologies Private Limited Company. The app was created for people living in India so they can earn Cashback when shopping online. Every time a person shops in India they can receive Cashback savings on their purchases. If you use an Android device you can go directly to the Google Play Store to download the app. However, for any iOS user, you’ll need to visit the DownloadAPK website to download and install this on your device. It appears that the App Store doesn’t offer this on their site.
How Does it Work?
- You’ll need to visit the website and create an account under Sign in.
- For any Android device, visit the Google Play Store, and download the app on your mobile device.
- If you’re using an iOS device, you’ll need to visit the DownloadAPK website to download and install the app.
- Before you can take advantage of the cashback offers, you’ll need to activate the software on your mobile device or website.
- Now you can start shopping at any of the Savemonk stores listed on the website or your app.
- Your savings will be calculated and deposited into your wallet within 2 to 24 hours.
- You can’t redeem your savings until the return period is over. This normally takes 4 to 10 weeks before you can receive your first cash back payment.
- The company has partnered with over 200 online businesses in India to help promote these sites and drive up their sales. Each time someone from India shops at one of these markets the company earns a commission. The commission is then passed onto you as cash back incentive for using the app for shopping.
How To Earn Cash Back Credits:
- After you have shopped at one of the 200 stores, you’ll receive the cash back credit in your account.
- However, you can’t withdraw this credit until the company receives the merchant’s report.
- The merchant’s report normally arrives once a month or when the return item period has expired.
- If you haven’t returned the item you purchased during this time, the money will be available in your account to withdraw. Otherwise, this credit will be deducted from your account because you can’t earn a cash back credit on an item that has been returned.
- After a purchase, it will take between 4 to 10 weeks to receive the money in your account.
How To Receive Cash Back as a New Member?
- If you’ve recently signed up as a new member and shopped at one of the merchant’s shops it is possible to still receive your cash back.
- You’ll need to send the company your invoice of the items you’ve purchased.
- They’ll need to check their records and the records from the merchants that you shopped at.
- If you haven’t returned the item they can give you a cash back credit in your account once it’s been approved.
How Does The Company Pay?
- Once the return item time period has expired the company receives a report from each merchant.
- The funds are verified and released in your account. You’ll see an available status and how much cash back is available to withdraw now.
- You’ll need to request your cash back redemption from the company.
- Within 2 to 3 days you’ll see the money in your bank account.
- Currently, the company can only transfer your funds to your personal bank account.
This is an excellent way for people living in India to receive cash back for items they’ve purchased online or in the store. This only applies to merchants that are in India and have signed up with the company. This is a legitimate way to earn money back on items that you purchase each day. The company has partnered with over 200 merchants that own a business or online business. In doing so, they receive a commission for each item you purchase through their website or app. The commission is then divided between you and the company. In return for shopping with the company, you’ll be given part of the commission as a cash back reward. You can take the money you’ve earned from shopping and transfer it to your bank account. Each time you use the app to shop online or in a store, you’ll earn a cashback reward from the company.