Panda Cash Back Review – Is It Worth Your Time?
If you are looking to make a little extra money in the form of cashback when you do your online shopping then Panda Cash Back is one of the options out there for you. But is this place any good compared to the many other similar cashback sites out there? Is it worth your time to even join this site?
I’m someone who loves making extra money doing nothing, so you can bet that I use cashback programs when I do my shopping. Recently I came across Panda Cash Back and decided to look into it to see how good it is. In this short Panda Cash Back review I’ll be going over how it works, how much money you can save, and more.
Panda Cash Back Review
- Website: pandacashback.com
- Type: Cashback shopping site
- Cost: Free to join
- Recommended?: Not really; more on this
Panda Cash Back is a cashback program where you can earn money back on your shopping purchases. They are partnered with over 6,000 stores that you can shop at online.
How it works is like this: Panda Cash Back gets paid commissions from these stores that they are partnered with to refer people to buy things. So if you click to shop at Walmart through their site and buy some items, they get paid a commission. They then give you some of this money as cashback.
To sign up with this program it is free and simple. After signing up you will have immediate access to earning cashback.
The Process of Earning Cashback
The whole process of earning cashback is very simple and straight forward. Basically all you do is click on the store that you want to shop at on the Panda Cash Back website, which then redirects you to the store’s website and then you just do your normal shopping.
At Panda Cash Back, like I said, they are partnered with over 6,000 stores so there is no reason why anyone can’t find a place they want to shop at.
You can browse through different categories of stores or you can search for specific stores in the search bar. Once you find a store that you like you can read about the cashback restrictions and see if its worth shopping at through Panda Cash Back. Some stores will also offer coupons that you can use. If you are ready to shop then all you need to do is click the “Shop Now” button and you will be immediately directed to the site to shop.
How Much Can You Get Back?
The amount of cashback you will get really depends on the store. After all, it is the store that is paying Panda Cash Back which then goes and pays you.
There are some places you will find that offer 20% + cashback but these are usually stores that no one is going to really want to shop at anyhow. They are usually small stores. The big retailers like Walmart, Nike, Best Buy, etc. usually only give 1-4% cashback.
Just to give you an example, here are some of the featured stores which are all big names. GameFly is offering 5% cashback currently which I would say is above average. But Walmart, American Eagle, and Dunkin Donuts aren’t offering anything special.
There is a $15 cash out threshold at Panda Cash Back. This means that you need $15 in your account before you can cash out and get your money.
The payment method offered here is Paypal. Once you hit the limit and choose to cash out you will get the money sent to you via Paypal the next day. Personally Paypal is always my payment method of choice. So even though this place doesn’t offer checks or gift cards, I don’t really mind.
The fact that they pay you within the next day of cashing out is very good. Most cashback programs that I have looked into don’t pay nearly this quick. Some even pay only quarterly, 4 times a year. So this is something that they are above the norm with.
Overall there really aren’t many complaints that I have, nor that others have from what I have seen doing research and reading members’ reviews. However, some complaints that are out there include…
Didn’t Receive My Cashback!
This is a problem that will happen with literally any cashback site out there. Sometimes the tracking code that tracks your purchase gets “messed up” and doesn’t record and relay the purchase information back to Panda Cash Back. This means that you won’t get credit for the purchase and get cashback. This is rare but it happens. If it does all you need to do is contact support and they should be able to get this sorted.
The cashback rates that Panda Cash Back offers are decent but nothing special. I would consider them right around what I would call the “industry standard”. There are sites that offer higher cashback percentages all around than this (which I’ll go over).
Not Many Coupons
This place does have coupons but not that many. Many of the stores don’t have any at all. If you are looking at this opportunity for coupons then this just isn’t a good choice.
Final Thoughts & What I Recommend
Overall Panda Cash Back is a decent cashback program. They are definitely legit and in no way a scam. The number 1 thing that this place has above other similar sites is their payment speed. You don’t see many sites paying as fast as the next day in this industry.
However, I still wouldn’t really recommend this site. BeFrugal seems to be the better choice in my opinion. They offer slightly higher cashback percentages and have tons of coupons, whereas Panda Cash Back has little coupons. They also offer multiple ways to cash out. You also might want to check out Upromise. They offer higher cashback percentages than any other place I have seen, but the downside is they are for people looking to save for college, which might not be something you are in need of.
You also might be interested in my review of Ibotta. Ibotta is my favorite grocery cashback app where you can get cashback on in-store purchases.
And if earning cashback isn’t really what you are looking for and you are in the need of making more money then check out how I make a living online here. A lot of people seem to be interested in doing what I do online because of the freedom to work around your schedule that comes with the job.
Questions, comments, concerns? Leave them below in the comment section and I’ll get back to you soon 🙂