Are You Throwing Away Free Money?
Wait! Don’t toss those receipts just yet! Did you know you can make money off them? It’s easy and only takes a few minutes a day (maximum!).
Anytime I fill up with gas, eat out, shop for new clothes or buy something at the store I take a picture of my receipt and upload it to apps on my smart phone. It’s convenient because I always have my phone with me. I’m always happy to see those points add up – especially when I have enough to cash out!
Which Apps Are Best?
Earn rewards on all your purchases by submitting receipts to apps. It’s as simple as taking a picture of your receipt, uploading and done! I personally use two apps, which allows me to double up on freebies. These are the ones that give me the most rewards for my time:
- ReceiptPal. Available for iOS and Android devices. This app accepts physical receipts from in-store purchases and e-receipts from online purchases. It will accept reciepts that are up to one month old. Points are earned for every receipt uploaded which can then be redeemed on gift cards. The gift cards worth $1 – $100. Gift card retailers to choose from include Amazon, Starbucks, Walmart, Fandango, GameStop + more. Receipts are processed within 24 hours, but mine are always processed within minutes. Points do not expire as long as you upload a receipt every 90 days. I upload mine almost daily to get rewarded faster! There are also weekly sweepstakes allowing you to possibly get even more freebies. More questions? Read the full FAQ here.
- Receipt Hog. Available for iOS and Android devices. This app accepts physical receipts from in-store purchases and receipts that are up to 13 days old. Earn coins or spins for Hog Slots depending the retailer on the receipt. Coins can be used to get Amazon gift cards, Magazine or paid directly to your PayPal account! Hog Slots work like a slot machine where you can win more coins, $100 or the value of your last shopping trip in coins. Plus, there are monthly drawings for more prizes. Tip: click on the pig to hear him oink! More questions? Read the About Us section for Receipt Hog.
How Long Does it Take to Get Rewarded?
That depends on how often you have new receipts that you can upload. However, I find that I am able to cash out faster with Receipt Pal. I can earn up to 400 points per week and 400 points will get a $1 Amazon.com gift card. The longer I wait, the better the rewards are. A $25 Restaurant.com gift card is 2200 points which equals 5 and a half weeks worth of receipts. A $25 gift card is a lot better than that $5 in Amazon gift cards I would get if I redeemed all my points weekly.
With Receipt Hog you earn coins based on how much you spent. Receipts with purchases under $10 get you 5 coins. Earn 5 – 20 coins per receipt and you can submit up to 20 receipts per week. You can also earn one-time coins bonus for connecting your email account, Amazon.com account or Facebook account.
The lowest amount you can cash out for is $5 and will cost you 1000 coins. But, $30 only costs 4500 coins. As you can see, earning rewards with this app is slower. But, because I’m already using ReceiptPal, I think it’s worth spending the extra few seconds it takes to use Receipt Hog. Just remember that being patient can really pay off.
What’s the Catch?
So, how do these apps work? What is being done with all those receipts? Here’s what each company has written about this question on their website:
- “The NPD Group (creator of Receipt Pal) provides market information and advisory services to help companies make better business decisions. We help our clients develop the right products and get them in the right places at the right prices for the right people in order grow their businesses….The ReceiptPal team aggregates your receipt data with those of other ReceiptPal members, and develops market research to help brands create better products.“
- “We are part of a market research company that works with the leading consumer goods brands and retailers. Your receipt data along with the answers to any survey questions you answer will be made anonymous and summarized in market research reports for the brands that purchase this data…Your receipt data along with the answers you provide to optional surveys is made anonymous and summarized in market research reports that brands purchase. These companies pay for information such as, “Families in the Phoenix area are 20% more likely than the rest of the United States to shop for laundry detergent at a supercenter than a traditional grocery store.’ “
Now that you have all the facts, do you think it’s worth using these apps? Do you know any apps where the rewards stack up faster? Let us know in the comments below!