Paytm has come with an very good offer where they are giving upto 35% cashback on protein supplements. These cash backs are on MuscleTech, MusclePharm and Optimum Nutrition brands. The cash back percentage ranges anywhere between 5% to 35% for different products under these brands.
How does Paytm Cashback works ?
Paytm is a payments bank which provides wallet services. You can keep money in your paytm wallet and make payments at various site. Paytm walled can also be used to by products on their site. In this highly competitive and price sensitive supplements market, they are providing upto 35% cash back. How can they manage to do it ? or Whats the catch you may ask. Well, at this stage Paytm is looking to increase its customer base so they are providing these crazy cash back that sounds too good to be true.
The catch is that you have to make full payment when you purchase the product and they will give you the cash back after 24 hours of product dispatch. So far so good, these is how all cash back on major site work. But then the difference in Paytm is that these cash back is credited in you paytm wallet and it cannot be transfered back to you account. So basically you cannot use the cashback money on anything else but to buy something else on Paytm website. Well this is how they want to lure and retain a customer. This may not be all that bad for you. If you plan to buy something else from the site in future, then the deal becomes very lucrative.