Welcome to my Cashback World review.
You probably came to this page because you wonder if Cashback World is legit or a scam.
No need to worry you’re in the right place.
Over the last year, I’ve been busy creating reviews about all kinds of online products. Some turned out to be fake other were legit ways to make money online but in the process I learned how to spot scams. Cashback World is one the products I reviewed.
In this post, I’ll show you absolutely everything you need to know about Cashback World and after reading it you’ll know exactly if you should give it a chance.
Cashback World Review Overview
Name: CashBack World
Founder: Hubert Freidl
Cashback World is a website that claims to make it possible to get money or discounts in exchange for shopping in specific places.
The cashback you’ll receive when shopping at stores that are affiliated with Cashback World can go up to 5% of the purchase you make.
I can’t say with 100% certainty that it’s a scam but the track record of the founder and the companies Cashback World is affiliated with gives me more than enough reason not to recommend it to anyone.
Cashback World Video Review
Founder of Cashback World?
Hubert Freidl is the founder of Cashback World a part of his multi-level marketing company called Lyoness he became the CEO of in 2004.
From what I have seen online Lyoness doesn’t have the best reputation. Legal authorities from multiple countries suspect that Lyoness is a pyramid scheme.
According to Hubert his Linkedin, he is also affiliated with a company called Myworld Holdings. I went to their website and found out that Hubert founded it.
Myworld Holdings is a joint venture between multiple companies including Cashback World.
They’re basically using the same strategy they used with Lyoness but they’re just calling it a different name.
I’ll always give people the benefit of the doubt but Hubert’s history and seeing what Myworld Holdings is all about, do give me a cause to pause.
How does Cashback World work?
Cashback World is a part of the company Myworld Holding which is basically Lyoness and tries to stimulate people to buy more products from loyalty merchants by giving shopping points and cash back that you can exchange for money and special deals.
What is a loyalty Merchant?
A loyalty merchant is a store that is affiliated with Cashback World. These can be either physical stores or online shops. You can find a list that consists of every store affiliated with Cashback World.
What are shopping points?
Shopping points are basically a form of credit that members of Cashback World receive whenever they purchase at loyalty merchant.
According to the Cashback World website, you have to go through a 3-step process to either receive discounts or get a percentage of your cash back after making a purchase.
1. Register for Cashback World Membership
To take advantage of the cashback benefits of Cashback World you’ll first have to register for Cashback World and receive your Cashback World card.
You can do this through two methods.
- Register online
You can register online at the official cashback world website. You’ll have to fill out a form and you’ll receive 3 free shopping points.
- Register at a Cashback Shop
You can use the search function at their website to find a store where you can register and pick up your Cashback World card.
2.Shop at one of Cashback Worlds Loyalty Merchants
After you have registered and received your Cashback card every time you shop at one of Cashback Worlds Loyalty merchants you either receive shopping points or you’re able to get a cashback.
3. Collect Cashback and Shopping points
Most cashback will give back 5% of the purchase and will be directly transferred to your bank account after reaching the threshold of $10 by requesting it either through the website or the Cashback World App.
You can also receive shopping points in exchange for purchases at loyalty merchants. These points can’t be exchanged for money but you can give you access to special deals and discounts on services and products that the loyalty servant provides.
Who can benefit from Cashback World
Who would benefit from joining Cashback World
- People interested in getting cashback
- People that like to hunt for discounts
Who shouldn’t join Cashback World
- People trying to make a full-time income online
- People trying to make a side-income online
- People that live outside of the United Kingdom
Pros and Cons of Cashback World
I have visited several user rating websites to find out what users think of Cashback world and I have to say that users are very divided in their opinion of Cashback World.
Some users are exceptionally satisfied with the services cashback world provides while others think it’s a scam.
I do realize that a lot of products have divided user ratings about their products but both the positive and the negative reviews where extreme in my opinion which isn’t a good thing.
This seemed weird until I realized that the people that posted good reviews were talking about the cashback methods while the bad reviews were about their MLM program.
The history of Lyoness as a pyramid scheme
Earlier I talked about Cashback World’s connection to Lyoness.
Lyoness is a Multi-Level Marketing company.
Here is the cambridge dictionary definition of Multi-level Marketing:
a method of selling a product in which someone sells to people they know and then gives training to those people to sell the product themselves. The original person earns money not only from their own sales but also on what is sold by the people they have given training to:
*While some distributors have prospered in multilevel marketing, law-enforcement officials say the field also has fraudulent operations.
This looks a lot like a pyramid scheme and because of that they have had a lot of trouble in multiple countries including Austria, Italy, Sweden, Greece, and Poland.
In some of these countries according to Wikipedia, they have even been convicted of hosting a pyramid scheme.
Online reviews about Cashback World
Most reviews about Cashback World aren’t exactly positive. While I haven’t seen a lot of reviews where they complain about the shopping points they often talk about the inability to claim the cashback after purchasing products at loyalty merchants.
My Personal Take
Since this is a website that is geared towards making money online I’ll give my take based on it’s potential to make money.
I don’t think Cashback World is the ideal method to make money with because you have to spend money to receive a cashback.
For the people that just want to benefit from cashback and discounts before you join Cashback World take this into account.
- Cashback World is connected to what many beliefs are shady companies
- It has a lot of bad user ratings
- There aren’t a lot of positive reviews on Google
Can I say with certainty that it’s a scam? No, but I wouldn’t recommend Cashback World to anyone reading this post.
Is Cashback World legit?
After doing extensive research I've come to the conclusion that Cashback World isn't Legit.
Is Cashback World A Scam? I don't know, but I wouldn’t recommend you invest time in Cashback World while there are other websites that you can make money on without questioning its legitimacy.
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That’s all for today. If you have any questions or you just want to show some love don’t hesitate to leave a comment.
See you at my next post