Here’s what you need to know to save money online.
Most people have learned from childhood that “there’s no such things as a free lunch” – meaning that when something is offered for free, there’s often a catch.
This isn’t true in today’s age of the internet. There are many free services that you can use without any tricks. It’s wise to always follow the money, however. People create apps and services in order to make money. This is all fine and dandy, as they should be paid for what they do and have support staff. It could be a sign of suspicion if it is difficult to determine where the profits of a business come from.
Today we will be looking at the browser extension Honey, which saves money. Honey makes money. Can Honey be trusted? What are the downsides to Honey? Honey may sell your data. Let’s find the answer.
What is the Honey App?
Honey is a browser extension for free that does a few different functions to help you save money.
This extension tests coupons automatically for you during checkout on different websites and applies them to the best price. It compares prices on Amazon, letting your know if similar items are available elsewhere and tracking historical price data. Honey Gold is a cash-back program that earns you Gold that you can redeem for gift certificates
The first feature I like the most is the one that saves me time. Honey Chrome is my preferred browser, but it can also be used with other web browsers.
How does honey make money?
Honey is free to all users. You may wonder how Honey makes money. Is there a catch? Is this a gesture of kindness?
There is no catch and there is also no charity. Honey earns money through commissions from merchants that they work with. Honey is an affiliate referral when you use it to earn coupons or gold. Honey is rewarded by the company that you are buying from for encouraging you to make the purchase. Honey also passes some of those benefits on to you. It works and it will save you money.
The Honey app does not create coupons. The Honey browser extension uses the internet to search for coupons and find them. It works in the same way as if you searched “Target coupons” on Google and then tried them all. The Honey app does all the work for you.
Is Honey Extension a way to sell your data?
Honey does not sell your personal information. They do not store or collect sensitive information such as your credit card numbers, or billing information.
Your browser may ask you for permissions when you first use Honey. This might be something like “Allow Honey read and modify data on websites that you visit?” They explain that Honey is only reading the shopping website page and they are only changing the coupon field to test coupons.
Learn more about their data privacy.
Can you use honey and rakuten simultaneously?
Both the Rakuten browser extension and Honey browser extension are installed in my personal computer. I have found that you can’t earn rewards from Honey Gold and Rakuten for the same purchase. Your cash back will depend on which cookie is installed in your browser at the time you make your purchase. Rakuten cookies that you activate before you make a purchase will not be valid. Honey cashback won’t be given if you don’t enable Rakuten.
Both can be used on the same website, but you can have both. You might find a website that doesn’t offer Rakuten Cash Back but offers Honey Gold. You would shop through Honey in this case.
Sometimes I just need to click on the Honey Chrome extension and see if there are any coupons on that website. I will choose a Honey coupon and then enable Rakuten to get the cash back. It’s like having the best of both: coupon savings at time of purchase and extra money back later.
Is Honey Extension legal?
The Honey extension is legitimate in its entirety. Honey is an affiliate program with many major retailers. It shares savings and coupons to encourage you to shop through them. This app is a great tool for people who shop online often and can help you save money.
Register for Honey here, and Rakuten hier to save more on your online purchases.
Are you looking for ways to save even more money? These apps can help you save money on groceries.
How does honey make money? Is Honey Extension legal? Dollarsanity.
Did you miss our previous article…