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iConsumer Review 2023: How it Works, Pros, Cons, and More

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iconsumer logo

iConsumer is an progressive platform that rewards you with shares if you store on-line. iConsumer rewards you with 1% price of your buy. Every inventory is price $0.25 per share. So when you get a 1% inventory again on a $100 buy, it implies that you’ll get 4 shares again. Members which can be completely new to investing also can test the Shareholder Academy to be taught extra about this business.

Professionals

Free solution to turn out to be a stockholderExcellent buyer serviceValuable assets to be taught investingOpportunity to assist a startup firms

Cons

Shares is the one cashout optionSelling your shares incurs switch charges

Leap to: Full Overview

Examine to Different Cashback Websites

Swagbucks

Swagbucks logo

18 methods to earn cash – surveys, coupons, cashbacks + $5 join bonus

As much as 10% cashback from shops – Walmart, Amazon, Finest Purchase, JCPenney

Most members can earn an additional $50 – $200 a month utilizing Swagbucks

Tada

Tada logo

Get $10 money again bonus after spending $25 with any of 1000+ manufacturers

Straightforward to stand up to twenty% money again – merely scan your receipt and add it

Declare your money again by PayPal or from over 80+ present card choices

TopCashback

TopCashback logo

20 million members earn on common $345 money again a yr (4400 retailers)

Beneficiant cashback affords and offers – as much as 65% from a few of retailers

Get notifications of newest offers with cell app or browser extension

How Does iConsumer Work?

how does iconsumer work

iConsumer is a reward program that allows you to store at associate shops and earn shares. Its mission is to provide individuals the chance to turn out to be stockholders in a publicly-traded firm.

How iConsumer works is kind of much like different cashback web sites lately. Mainly, you’ll want to enroll and use its app to buy in its over 2,100 associate shops. 

If you full qualifying purchases, iConsumer rewards you shares, as an alternative of money. Notice that these are iConsumer shares, not the retailer’s shares. Then, you’ve the choice to carry your shares or promote them by way of a brokerage account. 

In keeping with its web site, iConsumer won’t be giving freely shares eternally. The truth is, it has modified its payout choices a number of instances up to now. 

In 2017, it provided Bitcoin, as an alternative of cashback, and in 2018, shifted to Inventory Again. When the pandemic hit in 2020, the platform switched to cashback once more. Solely after October 2020 has it moved again to providing Inventory Again solely. 

How A lot Cashback You Can Get With iConsumer?

becoming shareholder with iconsumer

How a lot you will get with iConsumer relies on the present providing value of its shares. At the moment, iConsumer affords inventory again at $0.25 per share. If you obtain 1% inventory again on a $100 buy, you’ll get 4 shares again.

Moreover, iConsumer claims that new members earn not less than 100 shares from their first qualifying buy. You may as well get 250 shares if you refer buddies to affix iConsumer. 

Who’s iConsumer Finest for?

Suppose your month-to-month earnings are solely good for residing bills and haven’t any leftover for funding. But, you actually wish to attempt investing within the inventory market. In that case, iConsumer is one of the best platform for you. 

You can begin buying iConsumer shares in your common purchases, with out having to spend further cash. Plus, you’re giving a startup firm a chance to succeed.   

iConsumer Accomplice Shops

Over 2,100 shops associate with iConsumer, together with the next:

WalmartPetcoHSNFarfetchMacy’sOffice DepotShutterflyL.L. BeanStaplesQVCNordstrom RackOverstockWalgreensExpediaOutdoor Gear Alternate

iConsumer Options: What Does iConsumer Provide?

what are iconsumer key features

Internet Portal

The iConsumer web site has every little thing you want to optimize the consumer expertise. Right here, you’ll be able to signal as much as turn out to be a member and entry the proprietor dashboard. 

The web site lists all associate shops and you need to use the search bar to search for your favourite shops. There are additionally three tabs to make looking for offers simpler:

Prime Trending Offers

Prime Trending Coupons

Elevated Rebates

To pick a retailer, you’ll have to click on on the Store Now button and it’ll take you to the shop’s web site. Make certain to finish your procuring there to qualify for cashback. 

iConsumer Button

The iConsumer Button is a browser extension that works with Chrome, Firefox, and Edge. It offers you the choice to go on to your favourite on-line shops to buy. 

Then, it tells these shops that you just’re an iConsumer member and entitled to rebates, coupons, and inventory again. So in your certified purchases, iConsumer routinely applies the cashback or inventory again.

iConsumer Cell App

Should you desire to buy in your cell phone, you need to use iConsumer by way of its cell app. This app is on the market for obtain at Google Play Retailer and the Apple App Retailer.

Make certain to activate notifications to get alerts on particular offers or when shares get credited to your account. Fairly much like the online portal, you’ll be able to seek for shops and store on the app. 

On prime of those, the app reveals your procuring historical past, earnings in shares, and present share providing value. You may as well add shops to the My Shops tab to test present offers in your favourite shops. 

Shareholder Academy

Since iConsumer advertises on serving to people turn out to be stockholders of a publicly-traded firm, it affords the Shareholder Academy. You’ll be able to entry this function on the internet portal.

Shareholder Academy has invaluable assets to show individuals about incomes and managing shares. Matters right here cowl fundamental information on investing within the inventory market. There are additionally articles protecting Cryptocurrency, SEC qualification, and the JOBS Act.    

Is iConsumer Free?

Sure, signing up at iConsumer is free. There’s additionally no payment to obtain the iConsumer button and cell app in your units.

iConsumer Payout Phrases and Choices?

cashing out earnings with iconsumer

As beforehand talked about, iConsumer at present rewards shares. After finishing a certified buy, your inventory again receives a pending standing. 

iConsumer solely tags your inventory again “Earned” after 90 days when you haven’t returned your buy. You may have the choice to let earned shares construct up in your iConsumer account. Nevertheless, you’ll be able to provoke a sale when you hit the ten,000 minimal shares threshold. 

To promote your shares, you’ll have to instruct iConsumer to switch them to their switch agent. You’ll be able to go to the Inventory Standing part and click on on “Switch Earned Shares.”

Notice that you want to meet further necessities earlier than you’ll be able to promote your iConsumer shares. First, it’s essential to present your contact and tax info to iConsumer and electronically signal a subscription settlement.

After initiating a switch, iConsumer transfers shares as soon as a month.  You’ll obtain an e mail from the switch agent confirming it inside two to 4 weeks. 

iConsumer Critiques: Is iConsumer Legit?

iConsumer is a protected and legit web site you need to use to earn shares out of your purchases. The iConsumer button has 4.0 scores on Chrome Internet Retailer and over 3,000 customers. 

Its cell app has a 4.1 ranking on the Google Play Retailer and three.6 on the Apple App Retailer. Trying over opinions, customers like how iConsumer gave them alternatives to turn out to be inventory house owners at zero prices. Some customers additionally discover the app simple to make use of.

Different customers encountered points with receiving their shares. One explicit consumer expressed frustration over having their shares on Pending Earnings for a number of months. 

Thankfully, the iConsumer help crew addressed these complaints within the opinions part.   

What are the iConsumer Professionals & Cons?

what are iconsumer pros and cons

iConsumer Professionals

It affords a free solution to turn out to be a stockholder

iConsumer has wonderful customer support

You’ll discover invaluable assets that can assist you be taught extra about investing within the inventory market

You may have the chance to assist a startup firm and take an energetic function in its success 

iConsumer Cons

There aren’t any different choices to earn cashback in addition to shares

Promoting your shares incurs switch charges

How Good is iConsumer Help?

iConsumer has useful buyer help which you can contact iConsumer help by way of the web site or the app. 

Utilizing the brand new ticket type, be sure to enter the next particulars:

Your show title

E-mail

Topic

Message

Verification textual content

The help crew replies by way of e mail, often inside 24 hours. In comparison with different cashback web sites, iConsumer affords spectacular buyer help.  

In addition to contacting the help crew, you too can entry the information base part on the web site or app. You’ll discover articles right here that reply ceaselessly requested questions.

iConsumer Overview Verdict: Is iConsumer Price it?

Should you’re seeking to put money into shares with out having to spend something in any respect, iConsumer is price trying out. This progressive approach of turning your cashback into inventory and having energetic participation in a startup’s success sounds promising. 

iConsumer is an progressive platform that rewards you with shares if you store on-line. iConsumer rewards you with 1% price of your buy. Every inventory is price $0.25 per share. So when you get a 1% inventory again on a $100 buy, it implies that you’ll get 4 shares again.

Its internet portal is extremely simple to navigate and if you scroll down, you’ll discover assets that can assist you. Members which can be completely new to investing also can test the Shareholder Academy to be taught extra about this business. 

Buying straight in your favourite on-line shops can also be doable with the browser extension. Should you desire to do your procuring in your cell phone, there’s additionally the iConsumer app you need to use. 

Easy methods to Signal Up With iConsumer?

Listed below are the steps to enroll with iConsumer:

Go to the iConsumer web site and scroll all the way down to the New Member Registration part.

Enter your e mail and create a password.

Click on on Signal Up.

You may as well join utilizing your Fb account. After finishing the registration course of, you’re prepared to make use of it. Don’t overlook to obtain the browser extension and app to optimize your procuring and investing expertise. 

Websites Like iConsumer

In an effort to improve your cashback incomes potential, it is smart to join a number of apps. Listed below are a few of its iConsumer alternate options to think about.

iConsumer vs. Swagbucks

swagbucks logo

Swagbucks Abstract

18 methods to earn cash and e-gift playing cards$5 join bonusUp to 10% cashback when procuring on-line$1 minimal e-gift card withdrawal

iConsumer has about one similarity to Swagbucks. Each platforms aspire to assist people with their cash considerations. With iConsumer, you get to turn out to be a stockholder of a startup. Swagbucks, in the meantime, affords methods to generate profits on-line. 

iConsumer vs. BeFrugal

befrugal logo

BeFrugal Abstract

Assured to have the very best cashbackMore than 5000 shops to get cashbackOver 5 alternative ways to get rewards6 alternative ways to money out your earnings

With how a lot individuals spend cash on on-line purchases, rebate websites turn out to be in style lately. As one of many prime cashback websites, BeFrugal makes a superb different to iConsumer.

Buying with BeFrugal is kind of much like iConsumer. You’ll have to entry it by way of the online portal or app first. Then, it is going to direct you to the web retailer to finish your buy. Solely then will you obtain a cashback. 

In comparison with iConsumer, BeFrugal offers precise money. This sounds higher within the quick time period. However when you’re seeking to put money into shares, iConsumer appears the preferable selection. 

iConsumer vs. TopCashback

topcashback logo

TopCashback Abstract

Get 100% of all of the money again you earnNo minimal threshold to money outEarn money again at over 4400 associate storesEarn as much as 25% money again and reductions

Becoming a member of the highest alternate options to iConsumer is TopCashback. This money-back web site additionally affords cashback in your purchases. Then, you’ll be able to withdraw them by way of PayPal or present playing cards. It’s additionally free to make use of.

Different Websites Like iConsumer

iConsumer FAQ

What’s iConsumer?

what is iconsumer

At the moment, iConsumer has greater than 76,000 members. This US-based firm launched in 2010.  It has issued over 7 million shares to its members, they usually earned further 17 million shares from their purchases. 

Is iConsumer reliable?

Sure, iConsumer is a 100% reliable firm. 

How does iConsumer work?

Customers store at iConsumer associate shops and earn firm shares again, as an alternative of money, for his or her purchases.

Are there any limits to what number of shares you’ll be able to earn with iConsumer?

No, there aren’t any limits to what number of shares you’ll be able to earn with iConsumer. 

How does iConsumer generate profits?

Its retail companions pay iConsumer commissions for referring prospects. 

Is iConsumer publicly traded? What’s your inventory dealer image?

Sure, iConsumer is publicly traded and its inventory dealer image is RWRDP.

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