Shiggaddi
Senior Member
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Posts: 411
Saltash, Cornwall
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I vistied quidco, and registered yesterday.
It's too late to take advantage of the £30 offer, rather than £15 from greasypalm, but quidco seem to pay higher rates than greasypalm, but there is a catch.
Greasypalm give a joining bonus, and a bonus for referring others, but quidco actually charge a £5 annual fee, which is only taken if your earnings are more than £5. Of course the difference between the 1 transaction of the post office homephone would still make quidco better value.
Payments are made via paypal with quidco, as opposed to BACS transfer with greasypalm. The problem with paypal, is that you can only accept £500 lifetime limit before having to upgrade to a business account, which means that there is a fee for accepting money (as widely used on ebay) Also, as paypal charge for withdrawing less than £50, it means that with quidco, you need to earn at least £50 before they pay out, as opposed to £25 from greasypalm!!
There's also no referral system. If you want to recommend them, you just tell your friends.
But the good thing about quidco, is they pass on all their commission from retailers (minus their annual fee) whereas greasypalm pass on about half of theirs, but they use the other half to pay for referral schemes, and giving new customers a starting bonus, and of course their own profits!!
However there are a few better deals around with quidco, especially when it comes to renewing my car insurance, taking out a new credit card, mobile phone contract, and it's even worth opening a few savings or bank accounts just for the referral bonus.
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