PaisaWapas

What is PaisaWapas

PaisaWapas is an online platform that provides cashback and coupon services to shoppers in India. Its main purpose is to help users save money on their online purchases. The platform works by partnering with hundreds of e-commerce websites, including major retailers in electronics, fashion, travel, and more. When a user makes a purchase at a partner store through a link on PaisaWapas, the platform earns a commission. A portion of this commission is then shared with the user as cashback. This means users can get money back on top of any discounts or offers already provided by the shopping site. PaisaWapas acts as a central hub for finding the latest deals, making it easier for consumers to get the best possible price on their purchases.

PaisaWapas Features

• Cashback Offers: The core feature is earning a percentage of your spending back as real cash. This cashback is stored in your PaisaWapas wallet and can be redeemed later.
• Discount Coupons and Promo Codes: The platform lists thousands of updated and verified coupons for various online stores. Users can apply these codes at checkout for instant discounts.
• Wide Range of Partner Stores: PaisaWapas has partnerships with over 500 stores in India, covering categories like fashion, electronics, travel, healthcare, and food.
• Product Recommendations: The site features a 'Hot Deals' section and recommends products with significant discounts, helping users discover the best offers available at any time.
• Price Comparison: An 'All in One Search' feature allows users to compare the prices of a specific product across multiple e-commerce websites, ensuring they find the lowest price.
• Multiple Redemption Options: Users can withdraw their earned cashback through various methods, including bank transfer (NEFT), UPI, mobile/DTH recharge, and gift vouchers for platforms like Amazon and Flipkart.
• Refer and Earn Program: Users can earn additional money by referring friends to the platform. When a referred friend signs up and shops, the referrer receives a bonus.
• Mobile App: A dedicated mobile application for Android and iOS devices allows users to find deals and shop on the go, providing a convenient experience.

PaisaWapas Pricing Plans

PaisaWapas is a completely free service for its users. There are no subscription fees, membership charges, or hidden costs to use the platform. You can sign up for an account, browse deals, use coupons, and earn cashback without any payment. The company's business model is based on earning affiliate commissions from its partner retailers, which allows them to offer the service for free to consumers.

PaisaWapas Free Plan

The entire PaisaWapas platform operates as a free plan. All features, including access to all coupons, cashback offers from every partner store, and all redemption options, are available to every registered user at no cost. There are no premium or paid tiers. The only requirement is to create a free account to start tracking your cashback earnings.

How to use PaisaWapas

Using PaisaWapas to save money is a simple process. Here are the typical steps:

1. Join for Free: First, you need to sign up for a free account on the PaisaWapas website or mobile app using your email or mobile number.
2. Find Your Store or Deal: Before you shop online, search for the store you want to buy from (e.g., Myntra, Amazon) on PaisaWapas. You can also browse through the categories or the 'Hot Deals' section to find interesting offers.
3. Activate the Offer: Once you find a deal or a store, click on the 'Activate Cashback' or 'Get Code' button. This action is very important as it tracks your shopping session.
4. Shop on the Retailer's Site: PaisaWapas will redirect you to the retailer's official website. From this point, you shop as you normally would. Add products to your cart and complete the payment on the store's site.
5. Earn Cashback: After your purchase is complete, the cashback amount will be tracked and added to your PaisaWapas account in a 'Pending' status within a few hours to a couple of days.
6. Confirm and Redeem: The retailer will verify your purchase, which can take from 30 to 90 days. Once confirmed, the cashback status will change to 'Confirmed'. You can then redeem this amount through your preferred payment method.

Pros and Cons of PaisaWapas

Pros:

• Extra Savings: It provides an additional layer of savings on top of store discounts and bank offers.
• Completely Free: There are no charges for using the service.
• Large Network of Stores: It partners with a vast number of popular online retailers in India.
• Multiple Payout Options: Offers flexibility in how you receive your earned cashback.
• User-Friendly: The website and app are easy to navigate and use.

Cons:

• Long Confirmation Times: It can take several weeks or even months for cashback to be confirmed by retailers.
• Tracking Issues: Sometimes, purchases may not be tracked correctly, leading to missing cashback.
• Minimum Redemption Threshold: There might be a minimum amount of confirmed cashback required before you can make a withdrawal.
• India-Focused: The service is primarily for online stores operating in India.

PaisaWapas integrations

PaisaWapas does not offer integrations with third-party software like CRM or marketing tools in the traditional sense. Instead, its entire business model is built on integrations with e-commerce platforms. It partners with over 500 online stores, including:

• Amazon
• Flipkart
• Myntra
• Ajio
• MakeMyTrip
• Paytm
• Nykaa
• Mamaearth

These are not user-configurable integrations but rather affiliate partnerships that allow PaisaWapas to track sales and provide cashback to its users.

PaisaWapas Alternatives

• CashKaro: One of the largest cashback and coupons websites in India. It has a very similar business model, a large base of partner stores, and is a direct competitor to PaisaWapas.
• GoPaisa: Another popular platform in the Indian market that offers cashback, coupons, and deals. It also features a wide variety of stores and redemption options.
• CouponDunia: While it started primarily as a coupon website, CouponDunia also offers cashback on purchases from many online stores. It has a strong brand presence and a large user base.

PaisaWapas API

PaisaWapas does not provide a public API for developers. The platform is designed for direct consumer use through its website and mobile app. There is no documentation available for a developer API, and it is not possible for external developers to create applications using PaisaWapas's deal and cashback data.

PaisaWapas Affiliate program

PaisaWapas does not offer a traditional affiliate program for publishers to promote its service. However, it has a 'Refer and Earn' program for its users. This program allows existing users to earn money by inviting new users to the platform.

• How it works: You get a unique referral link from your PaisaWapas account. You share this link with friends and family. When someone signs up using your link and makes a purchase, you earn a referral bonus. The bonus is typically a percentage of the cashback your referred friend earns.
• Commission: The commission rate and terms can vary, but it is a way to generate passive income within the platform.
• How to join: Any registered user can participate. The referral link is available in the 'Refer and Earn' section of your user account dashboard.