{"id":4137,"date":"2024-08-22T17:09:32","date_gmt":"2024-08-22T11:39:32","guid":{"rendered":"https:\/\/www.enactsoft.com\/resources\/?post_type=docs&p=4137"},"modified":"2024-08-28T16:06:12","modified_gmt":"2024-08-28T10:36:12","password":"","slug":"rebate-vs-cashback","status":"publish","type":"docs","link":"https:\/\/www.enactsoft.com\/resources\/rebate-vs-cashback\/","title":{"rendered":"Rebate vs. Cashback: Understanding the Key Differences"},"content":{"rendered":"\n
\"Rebate<\/figure>\n\n\n\n

In the world of shopping and finance, consumers often encounter terms like “rebate” and “cashback.” <\/p>\n\n\n\n

While both offer financial incentives, they work in different ways. Understanding these differences can help you save more money and make informed purchase decisions.<\/p>\n\n\n\n

In this article, we are going to discuss what is cashback, what is rebate, and rebate vs cashback key differences. We\u2019ll also understand the process and the pros and cons of each.<\/p>\n\n\n\n

What is a Rebate?<\/h2>\n\n\n\n

A rebate is a partial refund given to the buyer after the purchase of a product or service. Here’s how it typically works:<\/p>\n\n\n\n

    \n
  1. Initial Purchase<\/strong>: You buy a product at its full price.<\/li>\n\n\n\n
  2. Rebate Submission<\/strong>: After making a purchase, you submit a rebate claim. You will need some proof like receipts and product barcodes. <\/li>\n\n\n\n
  3. Processing Time<\/strong>: The company will check your claim and verify the submitted proofs. It can take a few weeks or months. <\/li>\n\n\n\n
  4. Refund<\/strong>: If approved, you’ll receive the rebate amount.<\/li>\n<\/ol>\n\n\n\n

    Examples of rebate websites<\/h3>\n\n\n\n