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Ibotta Review At a Glance
- We believe Ibotta is legit. We gave it a trust rating of 5.0/5. View reasoning.
- Based on our combined research and user reviews, Ibotta seems to be a good earning/saving opportunity for Savers. It has an overall earner score of 4/5. View our research or read the user reviews.
What Is Ibotta?
Ibotta is a cashback rewards platform where members can save money by earning cashback on in-store and online purchases at a variety of retailers. Founded in 2012, the platform is one of the largest and most well-known cashback platforms in the United States.
General Details 📜
| Status: | Active, Legit |
|---|---|
| Helps You: | Make Money Save Money |
| Platform Type: | Rewards |
| Opportunities: | Cashback Grocery Savings In-Store Savings Online Shopping Savings Purchase History Sharing |
Contact Info ☎️
| Socials: | LinkedIn • Facebook • Instagram • Twitter • TikTok • Pinterest • YouTube |
|---|---|
| Emails: | support@ibotta.com (for general support) • inquiries@ibotta.com (for general inquiries) • accountsupport@ibotta.com (for account-related inquiries) • legal@ibotta.com (for legal disputes) • privacy@ibotta.com (for privacy concerns) |
| Support Pages: | Help Center |
Company Details 🏢
| Founded: | 2012 |
|---|---|
| Legal Name: | Ibotta, Inc. |
| Founders: | Bryan Leach |
| Headquarters: | Denver, Colorado, United States |
Who Is Ibotta For?
Ibotta is for anyone looking to save some money by earning cashback on their purchases. With a wide variety of retailers and earning options, there's a good chance you could save money on at least a few shopping trips a year by using the platform.
Requirements 🔎
| Minimum Age: | 18 years old |
|---|---|
| Supported Locations: | Puerto Rico, United States |
| Supported Languages: | English |
| Supported Devices: | Android Phone, Computer Browser, iPhone, Smartphone Browser, Tablet Browser Ibotta can be accessed via web browser or app. Some features are only available in the mobile app version of the platform. |
| Other: | Only one (1) account per Ibotta saver. Phone number verification required. |
How Does Ibotta Work?
There's 1 type of user on Ibotta:
- Savers
Here's how Ibotta works for them:
How Ibotta Works For Savers
Ibotta savers can earn cashback on online and in-store shopping purchases by either shopping directly through Ibotta, scanning receipts, or linking store loyalty cards. Money can also be earned by referring new members to the platform. After accumulating $20.00, earnings can be cashed out via bank transfer, PayPal, or gift cards.
Key Points 🔑
| Work Type: | Casual |
|---|---|
| Income Type: | Active, Semi-Passive The Ibotta browser extension makes online cashback semi-passive. It'll alert you when cashback offers are available. |
| Work Schedule: | Flexible There's a $3.99 account maintenance fee for every 30 days that your Ibotta account remains inactive. An inactive account is one that has had no activity for at least 180 days. |
| Workplace: | Remote |
| Minimum Payout: | $20.00 |
| Payout Options: | Direct Deposit Gift Cards PayPal Amazon Gift Card Best Buy Gift Card |
| Payout Speed: | 0-7 days Payout speeds vary by payout option. PayPal payouts are typically received within 2 hours but can take 1-3 business days in some cases. Gift cards are sent within an hour. Direct deposit payouts typically take anywhere from 0-5 business days but can take up to 7 business days in some cases. |
| Commissions / Fees: | $3.99 account maintenance fee for inactive accounts (explained further in the "Work Schedule" section). |
| Sign Up Bonus: | $10 when you spend $30 online shopping through Ibotta within 45 days of registration. May not be available at all times. Sign up here. |
| Pros: |
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| Cons: |
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| Tips: |
Pros, cons, and tips are based on real Ibotta Saver reviews. |
Getting Started 🔢
Becoming an Ibotta saver is free. To get started, head over to the platform's website or download the app to create an account. You can do this by signing in via Google, Apple, or Facebook, or you can sign up via email.
From there, you may be asked to:
- Share your full name
- Confirm your email
- Link your phone number
If you're not asked to do the above right away, you'll likely be required to do this before your first payout request on the platform.
Sign up bonus: $10 when you spend $30 online shopping through Ibotta within 45 days of registration. May not be available at all times. Sign up here.
Earning and Saving Money 💵
The primary way to earn/save money on Ibotta is with the platform's cashback offers. These are available for both in-store and online purchases.
- In-store cashback: For in-store cashback, you'll need to browse Ibotta first and add eligible cashback offers (i.e. products, brand deals, etc.) to your Retailer List before you shop. Then, you can redeem your offers in two ways:
- Loyalty card linking: This is only supported by some retailers. Just link your loyalty card, use it at checkout, and you're good to go. Ibotta will automatically match up your offers with your purchase. This works for online grocery orders as well.
- Receipt scanning: With this method, after you make your purchase you'll need to open the Ibotta app, select the offers you're redeeming, and then submit a photo of your receipt. There may be some retailers that require you to scan a QR code or receipt barcode in order to redeem your offers.
- Online cashback: Online cashback is easy to earn. Just shop at eligible retailers through the Ibotta website, mobile app, or browser extension. Once you make a purchase, you'll receive a confirmation from Ibotta and your cashback will be credited to your account soon after.
As you make cashback purchases on Ibotta, you may also uncover Bonuses. These allow you to earn extra cashback by purchasing specific products or shopping at certain times. You may also receive Streak bonuses, which award you for making specific purchases during consecutive shopping trips.
Another way to earn some extra money with Ibotta is by referring new members to the platform.
- Referrals: Share your referral code to earn $10 after your referral signs up and completes a qualifying redemption (i.e. redeems their first offer and submits a receipt).
Cashing Out 💰
Once you have at least $20.00 in your balance, you can cash out your Ibotta earnings via Direct Deposit, Gift Cards or PayPal.
After cashing out, you can expect to receive your Ibotta payout in 0-7 days. (Payout speeds vary by payout option. PayPal payouts are typically received within 2 hours but can take 1-3 business days in some cases. Gift cards are sent within an hour. Direct deposit payouts typically take anywhere from 0-5 business days but can take up to 7 business days in some cases.)
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Our Editorial Ibotta Review
Is Ibotta Legit?
We believe Ibotta is legit. It was founded in 2012, was named one of the fastest-growing private companies in the U.S. by Inc. Magazine for multiple years in a row, has raised over $90M in venture funding, and has plenty of positive reviews across the web. We couldn't find any red flags to suggest Ibotta could be a scam.
Green flags:
- Founded in 2012.
- Named multiple times in the Inc. Magazine 5000 List of Fastest-Growing Private Companies in the U.S.
- Has raised a total of $92.9M in venture funding.
- Backed by 12 investors, including FJ Labs, GGV Capital, Great Oaks Venture Capital, Koch Disruptive Technologies, and Teamworthy Ventures.
- Has overall great feedback across the web considering the age and size of the platform.
- Has over 40M+ registered Ibotta savers.
- Has a well-designed website and app with transparent information about how the platform works and what users can expect before joining.
- Has an active social media presence.
Note: All research is done independently and could be wrong or change as new information is gathered. Please do your own due diligence.
Is Ibotta Worth It for Savers? Is It a Good Way to Make Money?
Our editorial earner review is currently incomplete. Showing what we have so far...
Ibotta Statistics
General Platform Statistics
#18,473
Global Site Rank
3.7M
Avg. Monthly Website Visitors
10M+
Total App Downloads
381,850
Monthly App Downloads
2,700+
Total # of Cashback Partners
$1.2B+
Total Paid Out
40M+
Total # of Registered Users
Data as of June 16, 2023 • Sources: Similarweb, Crunchbase, AppBrain, Ibotta
Saver Earnings/Savings Statistics
Based on real data from our 6 Ibotta Saver reviews. View all Saver statistics here.
Help make this data more accurate by writing a review!
Ibotta Reviews From Savers
Average Scores
Reviewer Recommendation
😁 100%Rating Breakdown
Reviews By Total Earnings/Savings
- Unknown (0%)
- Less than $100 (66.67%)
- $100-$999 (33.33%)
- $1,000-$9,999 (0%)
- $10,000-$49,999 (0%)
- $50,000-$99,999 (0%)
- $100,000+ (0%)
Reviews By Age Range
- Unknown (0%)
- 13-17 (0%)
- 18-24 (83.33%)
- 25-34 (16.67%)
- 35-44 (0%)
- 45-54 (0%)
- 55-64 (0%)
- 65+ (0%)
Reviews By Length of Use
- < 1 month (16.67%)
- 1-3 months (16.67%)
- 3-6 months (33.33%)
- 6-12 months (16.67%)
- 1-2 years (0%)
- 2-3 years (0%)
- 3-5 years (16.67%)
- 5+ years (0%)
Get money for things you'd already do.
Overall, I think Ibotta's a great way to earn cash back on purchases you'd buy already. I just think it'd be better if they had a lower minimum withdrawal rate, but that's all. Sometimes you also forget about the app when you're actually in the store too.
I would recommend it to anyone who's looking to make money online, it's reliable, it pays, it's just a great app all round. It might take some time to find offers that really apply to you but in my opinion it's worth the saved money.
- It's really easy. All you have to do is add the shop to your list of shops, then scan the receipt (to show you really bought something) and then you've got money!
- It pays you for things you'd already be doing. You'd be grocery shopping anyway, spending money anyway, it's not like Ibotta asks you to buy things you wouldn't usually. You're spending money anyway so why don't you earn some back?
- It helps you find coupons and discounts for shops you might not have seen before Ibotta.
- If you're not sure whether a product you would buy normally is available for cashback or not, it's really easy to check: all you have to do is use the built-in scanner.
- Poor customer service. I had to contact them as I couldn't sign into my account and while they responded right away, it took a while to get things sorted.
- You have to earn at least $20 before you can withdraw any money, this is quite a high minimum withdrawal rate, but at least it's quite easy.
- Combine cash back offers with coupons and sales. Check your grocery store for items that are on sale and see if the products are on Ibotta. If you make a grocery list, look on Ibotta to see if any of the items are available.
- Use the “any brand” rebates. Occasionally you’ll see “any brand” rebates - they work for any brand. They're usually less profitable ($0.25 to $0.50), but they don’t require you to buy a specific brand, which is great.
When combined with a multitude of receipt management apps, one receipt can go a long way to rack up rewards over time.
It took me awhile to come around to Ibotta, but now I can't imagine going grocery shopping without it. It's one of the most thorough grocery receipt apps I know of and provides rewards from everything from name-brand products to store-brand items, along with consistent promotions and bonuses every week.
- Applicable at most grocery stores
- Constantly changing deals and offers
- Easy interface to use day-to-day
- Not much tutorial material and can be initially difficult for new users
- Sporadic bonuses that vary from week-to-week instead of being stagnant
- Basic receipt upload bonuses vary from store to store
- Double-check the daily Ibotta offers and shopping list items before grocery shopping
- Double-check once again after grocery shopping
- Don't be afraid to dispute any missing items claims as needed
- I always strive to upload my receipts as soon as possible after getting them in order to assure I receive bonuses on-time before they dissipate.
The freebies alone are enough to use the app.
This app is prime for frequent shoppers. If you have a family or you just spend a lot of money shopping this app is a must. The bonuses are often worth more than cashback if you complete multiple different orders.
- My favorite way to earn here is looking out for free products and getting 100% cashback or looking for items I already use that offer cashback
- Redeeming multiple cashback offers usually count towards bonuses which also pay cashback for completing them
- Withdrawing gift cards have either no minimum withdrawal or a small one
- Withdrawing to Paypal requires a $20 minimum
- Redeeming correct offers is difficult without being the primary shopper
- Keep receipts from larger, retail locations since smaller stores usually aren't partnered and don't offer cashback through Ibotta
- Double check your list to make sure all offers are there before redeeming, you can only submit a receipt one time
- If you are completing multiple offers at the same time, there's usually a well-paying bonus for completing multiple you may want to wait around for if you don't see one on your homepage.
- I usually just scan any and all my receipts at the end of the week to see if any have eligible offers to redeem on the app which is why it's really helpful to be the primary shopper since you will know what offers you have completed. I also try to complete all deals in a short time frame to achieve any time-limited bonuses going on.
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