i still dont understand how cashback works like when you go into a store and they say do you want cashback?

5 ANSWERS

1. 

   looovelyme

   Like plumchum said, it's the same as an ATM system. The store charges your debit card/credit card some money and gives that exact same amount back to you in cash.

   Report abuse     Oct 17, 2011 12:29 PM  |   Thumb Up (0)   0 (0)

2. 

   plumchum

   Basically it's like an ATM system. Suppose you want £20 cash back from tescos, they will charge you £20 on your debit/credit card and just give you £20 back in cash. It's useful if you need cash and don't want to go to an ATM machine

   Report abuse     Oct 17, 2011 12:26 PM  |   Thumb Up (0)   0 (0)

3. 

   Wasssel

   its like a talking cash machine...
   for example if u wanted £10 ..instead of finding a cash machine and taking money out...U say £10 when they ask u if u would like cashback..

   Report abuse     Oct 19, 2011 04:17 PM  |   Thumb Up (0)   0 (0)

4. 

   cookiemonster

   if they say do you want cash back say yeah if u want some cash or no if u dont.

   Report abuse     Oct 21, 2011 09:51 AM  |   Thumb Up (0)   0 (0)

5. 

   Nerd

   If you want £10 cashback..
   you pay the store £10 by debit card > they give you £10 back in cash
   
   It's like a talking ATM system :D

   Report abuse     Oct 26, 2011 01:06 PM  |   Thumb Up (0)   0 (0)