what is cash back at stores

Cash back at stores refers to a financial transaction where a customer makes a purchase and receives a certain amount of cash in addition to the purchase. This can be offered as a benefit of using a credit card, a debit card, or as a service at the point of sale. For credit cards, it usually involves receiving a small percentage of the amount spent on the card as a refund. Debit card cash back, on the other hand, allows cardholders to receive cash when making a purchase, with the cash amount added to the total purchase price. This service is often provided at supermarkets or other retail stores, and it is similar to using an ATM, but without the fees. The cash back amount is charged to the customer's card, and they receive the corresponding amount in cash. The cash back option is popular among stores as it can attract customers and reduce the amount of cash they need to handle. Additionally, it can be a way to meet customer expectations and build loyalty. The specific details of cash back transactions may vary depending on the type of card or the store's policy