I am trying to cut down on spending this year. Most days I’m being successful with this, but ZipZero allows me to reclaim a little bit of cash back from purchases that I do make which I can use to put towards bills.
ZipZero is a free app. When you buy something from a shop (it doesn’t work with online receipts) you scan the receipt. ZipZero recognises the information in the receipt and adds about 1% of the total into your account. When you have enough money (above £1) you can withdraw the money to a utility provider or similar and it takes just a little bit off your bill.
When I read about it I thought it all sounded a bit too good to be true. But having tried it for a week, it has been every bit as good as it sounded. I have scanned in every receipt and the app recognised the info and added some money to my account. Once I had accessed the correct pay info for my utility bill provider, and I had enough money in the ZipZero account, I withdrew it and it has indeed paid off a little money from my bill. (I use Igloo so can instantly see any payment made.)
So far, I’ve used receipts from supermarkets, the post office, pubs, newsagents and coffee shops and they’ve all worked. I have had two that didn’t – one was a car park receipt and one was a receipt which was badly printed (and I didn’t realise until I got home).
How the scanning works, I don’t know, but it does.
How on earth can ZipZero afford to give you money back? Apparently: ZIPZERO and their retail partners have created a circle of user consumption. ZIPZERO provides retailers with an opportunity to offer products and services directly to app users in exchange for a system that rewards users with cash to directly pay such bills. I don’t really get it, but that’s not going to stop me using it.
It’s really worth a go.