ShopForCash has launched an online shopping mall that offers shoppers cash-back rewards. The rewards, ranging between 1 and 40 percent, work in conjunction with the site's more than 5,000 U.S. retailers.
Retailing partners include big names such as Walmart (NYSE:WMT), Home Depot (NYSE:HD), Office Depot (NYSE:ODP), Dell, Nordstrom (NYSE:JWN) and Macy's (NYSE:M).
Customers can shop from hundreds of millions of products under categories such as health and beauty, jewelry, eye-wear, equipment, food, furniture, wireless, toys, electronics, entertainment, etc. Members can also browse products through major department stores categorized for men, women and kids.
The cash-back offers on ShopForCash.co differ from one retailer to another and can either be a fixed amount or a percentage of the amount the member spends in the store.
Members create an account and sign in when using the site. Once logged on, searches can be conducted by category, seller name or percentage of cash being offered.
"The aim of this site is to enable American families to save for their retirement through a simple act like shopping," said Syed Zaffer, marketing, ShopForCash.co. "Given that consumers can buy the same brand of products available at retail outlets, for a lower price on this site, there is no reason for them to go to shopping malls or grocery stores when they need something."
Amazon is one of the merchants available through ShopForCash.co. The retailer does not offer cash back, but it does offer browsing ShopForCash.co customers the lowest product price on Amazon's site.
Along with shopping for personal gratification, members of ShopForCash.co can also do fundraising for non-profit organizations.
ShopForCash.co is one of many shopping sites looking to lure members with rewards programs. For instance, new private social shopping network Strongbark lets shoppers share deals and discounts with friends while earning rewards. Similarly, digital identity solution provider ID.me recently unveiled a new retail rewards program that offers shoppers cash and prizes for gaming.
-See this ShopForCash.co press release
59% of shoppers base purchase on digital coupons
Sephora launching its own social media website
Macy's turns to YouTube to grab Millennials
Sephora realizes 150 percent growth in mobile
Home Depot, Sephora and Starbucks top digital gifting list