Storewards is a brand new receipt scanning app and has now fully launched in the UK.
The app is a replacement to the popular Receipt Hog service which closed at the end of August 2020.
If you haven't come across receipt scanning apps before, the concept is that the receipt scanning services will allow you to scan receipts for items you have purchased, into the app, and award you points for each upload. Once you reach a certain level of points, you can redeem them for gift vouchers from stores such as Amazon, or for PayPal credit.
The apps make money by sharing your receipt data with market research companies, who analyse the data to look at things such as buying trends and patterns, and you may well start to see more adverts for items you purchase frequently. Some people don't like the idea of their buying habits being tracked, however, realistically many retailers monitor what you spend, and on what... you think your supermarket loyalty cards are there for your benefit? Nope, the supermarkets are monitoring what you buy and targeting their ads and coupons towards your buying habits... so it's a similar concept, just on a wider scale, but at least you get some extra money from your buying data being used...
The apps accept receipts from most of the major retailers in the UK, but you can't use receipts from certain purchase, such as parking tickets & lottery purchases, but receipts from retailers such as supermarkets, clothing store and mainstream retailers all work fine.
This particular app offers a decent 600 points per receipt you upload, with point redemptions starting at 20,000 points, which is a £2 Amazon voucher.
Receipt scanning apps aren't known for their speed in being able to cash out, the Receipt Hog app was notorious for being a slow burner, but this new app is a step in the right direction, with much faster payouts possible and that's very welcome, and sensible, as it can be very disheartening to be scanning receipts, knowing it could be months before you see any sort of reward and many people just stop, so hopefully this new app will be a positive for everyone!
We have a referral code for Storewards, which will give you extra sign up credit, and so if you fancy the bonus, then use the referral code svxva during the sign up process.
The app is available on IOS and Android