Lootzi.com Â launched publicly as the newest coupons and cash back shopping site, bringing with it an introductory referral rate of 25%. The web site features coupons and discounts from hundreds of popular retail stores and offers members competitive rates on cash back rebates. The Lootzi Referral Program allows participating members to receive 25% on cash back earned by family and friends they've referred. A referral earns $100 cash back and the referrer gets $25.
The Lootzi “less is more” design appeals to consumers looking to quickly find added savings from their favorite retail stores without the clutter of countless promotions and ads. Membership is free with an email address while Facebook Connect offers an easy login option. “As a member, the most efficient way to use Lootzi is to first surf the web and find what you want to purchase," states Brent Shelton, Public Relations. “Then login to Lootzi, find that store page and any additional coupons or discounts, and go make your purchase.” When members click through a coupon or discount link that offers cash back and make a purchase at the associated store, Lootzi earns a commission and shares part of that commission back to the consumer as cash back.
Popular online shopping site FatWallet is the parent company that developed the concept and design. However, Lootzi operates independently for membership administration, merchant partnerships and affiliate network linking and tracking. Lootzi will unveil more features and conveniences for its members in the near future, but the emphasis on simplicity for the consumer will remain the focus.
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