cashback

/ ˈkæʃˌbæk /

noun

1. 1. a discount offered in return for immediate payment
   2. ( as modifier )

      cashback price £519.99 — save £30!

2. 1. a service provided by some supermarkets in which customers paying by debit card can draw cash
   2. the cash so drawn

Example Sentences

The firm provides a cashback platform on which customers can donate part of the commission paid by companies when they shop online to the charity of their choice.

From BBC

Lenders have extended their ranges, may offer various extras such as cashback, and - crucially for many first-time buyers - have more products for those who can only offer a relatively small deposit.

From BBC

Pinduoduo and JD.com have between them indicated they would offer billions in cashback deals over the sales period for people shopping on their respective platforms.

From Reuters

If you prefer shopping online, visit a cash-back portal like Top Cashback or Rakuten before you pay.

From Seattle Times

The incentive, which Tesla has dubbed "Refer and Earn" on its websites, is the equivalent to about $500 in cashback to new buyers in the U.S., who purchase Model 3 and Model Y, as well as three months of its Full Self-Driving feature.

From Reuters