How is Cashback Estimated?

Understanding how cashback is estimated can help you make the most of the rewards system on CloseDeal. Here’s a detailed explanation:

Cashback Calculation

Based on Purchase Amount:

Cashback is estimated based on the total purchase amount made by the consumer. The percentage of cashback offered is predetermined and applied to the purchase value and according to your plan.

Product Prices:

The cashback amount is also influenced by the prices of the products purchased. Higher-priced items may yield more cashback, encouraging consumers to purchase premium products.

Automatic Calculation:

The CloseDeal app automatically calculates the cashback amount based on your plan and the prices of the purchased products. This ensures accuracy and consistency in the rewards given to consumers.

Benefits for Merchants and Consumers

Encourages Repeat Purchases:

Cashback incentives motivate consumers to make repeat purchases, increasing overall sales and customer loyalty.

Transparency and Trust:

The automatic calculation of cashback ensures transparency, fostering trust between merchants and consumers.

By understanding how cashback is estimated, you can better leverage this feature to enhance customer satisfaction and boost your store’s performance on the CloseDeal platform.