October 2, 2023

How it Works, Pros, Cons, and More

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evoshare logo

EvoShare offers an innovative way to save your cashback earnings to a destination fund like college or retirement savings. It partners with 10,000+ retailers and 700,000+ hotels to offer you cashback deals of up to 40%. The platform allows you to go to your favorite online stores as you normally would. The mobile app also makes it easy to check for online and local offers.


  • High cashbacks – up to 40%
  • 700,000+ hotel partners
  • 10,000+ retailers
  • Intuitive browser extension and app


  • Cashback is not ready-cash
  • Your employer needs to be signed up

Jump to: Full Review

Compare to Other Cashback Sites


Swagbucks logo

18 ways to earn money – surveys, coupons, cashbacks + $5 sign up bonus

Up to 10% cashback from stores – Walmart, Amazon, Best Buy, JCPenney

Most members can earn an extra $50 – $200 a month using Swagbucks


Tada logo

Get $10 cash back bonus after spending $25 with any of 1000+ brands

Easy to get up to 20% cash back – simply scan your receipt and upload it

Claim your cash back by PayPal or from over 80+ gift card options


TopCashback logo

20 million members earn on average $345 cash back a year (4400 retailers)

Generous cashback offers and deals – up to 65% from some of retailers

Get notifications of latest deals with mobile app or browser extension

How Does EvoShare Work?

how does evoshare work

EvoShare is a financial company that helps individuals save money and reach their financial goals. Launched in 2015, the platform offers cashback from online and in-store purchases. 

What makes this platform unique is that users can direct their cashback rewards to go to a destination fund. EvoShare partners with over 22,000 shops and restaurants, and 700,000 hotels. You can also get cashback from over 1,300 online stores. 

Like other top cashback sites, EvoShare has a browser extension and mobile app that you can use to look for offers. The browser extension alerts you of cashback opportunities when you visit your favorite online stores. 

Meanwhile, you can use the app to check for offers both for online and local stores. The app also has the option that lets you book hotels for lower prices. 

When shopping in physical stores, you can check the app or the EvoShare online platform for local offers near you. 

Then, make sure to link your debit or credit card to your EvoShare account. When you proceed with your purchase in stores, you’ll need to use your linked card for payment. This way, EvoShare receives your purchase details and processes your cashback. 

According to its website, you can get up to 40% cashback from more than 10,000 merchants and 700,000 hotels.   

EvoShare helps its users through a unique financial model. In typical cashback and rebate sites, users have the option to withdraw their earnings in cash. Then, they can spend it any way they want.

But with EvoShare, you can direct your cashback earnings to a fund used for savings. These include:

  • 529 College fund
  • Emergency savings
  • Retirement plans
  • IRA
  • Brokerage account
  • 401(k)
  • Cryptocurrency account

You can also use EvoShare to pay for student loans and mortgages. 

How Much Cashback You Can Get With EvoShare?

According to its website, EvoShare can help you get up to 40% cashback from online stores. When you shop locally, participating stores and restaurants offer up to 30% cashback. 

Cashback typically takes seven days to reflect on your EvoShare account. For travel purchases, cashback reflects only after you complete the trip. Sometimes, it can take up to 30 days after your trip. 

EvoShare Reviews: Is EvoShare Legit?

EvoShare is a legit platform that can help you fund your financial goals. It has a 5-star rating at the Google Chrome web store and has over 1,000 users. 

The mobile app also has a 5-star rating on the Apple App Store. However, it has only 3.3 ratings at the Google Play Store.

For the positive reviews, users liked how EvoShare helps them save money towards their retirement or settle student loans. Others are impressed that they can find cashback offers while choosing restaurants to go to. 

On the other hand, some users mentioned having problems when using the app on their android phones. There are some instances when the app won’t stay open or detect the GPS.  

These are issues that might be due to the device as much as it is the app. It’s why despite these, it’s safe to say that EvoShare is a free and legitimate way to save money.

Who is EvoShare Best for?

Considering how EvoShare works, people looking to save money for long-term financial goals can benefit from it. It’s also ideal for those who enjoy shopping online and hunting for the best deals. 

Suppose you mostly shop in stores and visit local restaurants. In that case, EvoShare can help you locate nearby stores and save your money by purchasing from them. 

EvoShare Partner Stores

EvoShare works with more than 10,000 merchants, including major brands like:

  • Target
  • Groupon
  • Adidas
  • Kohl’s
  • Walmart
  • Expedia
  • eBay
  • Macy’s
  • Microsoft
  • Bed Bath & Beyond
  • Overstock
  • Vivino

EvoShare Features: What Does EvoShare Offer?

what are evoshare key features

Daily Micro-savings

Daily Microsavings is a feature you can enable on your EvoShare account. It allows you to save small amounts from your cashback earnings to your destination fund. 

Specifically, EvoShare keeps track of your cashback earnings daily. When it reaches $10 or more, it automatically deducts a small amount from your debit card. The amount goes to your destination fund. 

You can choose how much you want to save every day through Daily Microsavings. However, it only allows you to choose from $0.20 to $3. Still, these are small amounts that can get significantly large in the long run. 

Hotel Reservations

Looking over the website and app, hotel reservations are among the excellent features of Evoshare. It offers an easy way for travelers to look for the best deals and book through this platform. 

Cashback rates at EvoShare hotels can go up to 30%. Plus, you’ll have plenty of options, seeing that there are more than 700,000 hotels you can choose from. Finally, EvoShare ensures that most of their partner hotels offer free cancellation. 

Browser Extension

The EvoShare website has limited functionalities for wise shoppers. If you’re looking to activate the cashback feature on online stores, you’ll need to download the browser extension.  Once installed, make sure to pin it to your web browser. 

This feature allows you to browse online stores and receive notifications when potential cashback is available. You can find out more information on the cashback by clicking on the pop-up window near the extension icon. 

Important note: the browser extension currently works with Google Chrome and Microsoft Edge only. EvoShare hasn’t confirmed its availability in other browsers. 

EvoShare Mobile App

EvoShare Mobile App is another powerful feature to help you maximize your savings from shopping. It lets you access available cashback offers for online and offline stores. 

Additionally, it lets you check for dining offers to help you save money when choosing a local restaurant. You can also manage your account and add your cashback rewards to your linked destination fund. 

Is EvoShare Free?

EvoShare is free to use. 

After the promo period ends, EvoShare might charge users $2.99 monthly or $29.99 annually. 

EvoShare Payout Terms and Options?

transferring earnings with evoshare

EvoShare’s mission is to help users save money, and direct those savings to long-term financial goals. It’s why this online rebate site has no option that allows users to get their cashback earnings to somewhere they can easily access, and spend. 

For example, other places that give cashback have PayPal, check, or direct deposit as payout options. None of these exists at EvoShare’s road to financial freedom. Instead, you can transfer your cashback earnings to funds that can help you in the long run. 

These include: 

  • 529 College Savings Plan
  • Retirement plans
  • Emergency funds
  • IRA 
  • Student loans
  • Mortgage
  • Brokerage accounts
  • Cryptocurrency account

For retirement plans, you’ll need to check first if your employer is among EvoShare partners. 

What Are the EvoShare Pros & Cons?

what are evoshare pros and cons

EvoShare Pros

  • Cashback offers are relatively high – up to 40%
  • 700,000+ hotel partners
  • 10,000+ retailers
  • Intuitive browser extension and app

EvoShare Cons

  • Cashback is not ready-cash
  • Your employer needs to be signed up to EvoShare to save on your retirement plan

How Good is EvoShare Support?

EvoShare support is helpful and prompt. It also provides a useful FAQ page that provides general answers to common queries you may encounter. However, there are no how-to articles to help new users navigate the platform. 

In case you’d like to talk to the EvoShare support team, you can do so by:

EvoShare Review Verdict: Is EvoShare Worth it?

After looking at how EvoShare works, features, and payout options, EvoShare is indeed worth it. Its innovative way of saving your cashback earnings to a destination fund makes it stand out from other money-back websites. 

The browser extension creates a “set it and forget it” experience. It allows you to go to your favorite online stores as you normally would. You’ll still get cashback notifications without needing to sign in to the EvoShare website. 

The mobile app also makes it easy to check for online and local offers wherever you are. Just open it on your smartphone and enable GPS. 

How to Sign Up With EvoShare?

registering account with evoshare

You can sign up with EvoShare through its web portal. Just navigate there and click on the green “Join Free” button. A small window pops up asking to enter your first and last names and your email address. You also need to create a password. 

Besides these, you can also sign up using your Facebook, Apple, or Google Account. After that, EvoShare requires you to provide a phone number where it will send a verification code. Without it, you won’t complete the signup process. 

Once you receive the verification code on your mobile number, you’ll need to enter that on the signup page. After verifying your mobile number, you can start using EvoShare. 

Sites Like EvoShare

In order to maximize your cashback earnings, it makes sense to consider multiple cashback sites. Here are some of the best EvoShare alternatives:

EvoShare vs. Swagbucks

branded-surveys logo

Branded Surveys Summary

  • $1 sign up bonus
  • Earn $0.50-$5 on average per survey
  • Average survey length is 15 min
  • Pays by bank transfer, PayPal & gift cards

Like EvoShare, Swagbucks is a reward site that has cashback offers when you use it to shop online. But that’s just about the extent of their similarity. After all, Swagbucks offers other ways to make money on its app and website. 

EvoShare vs. BeFrugal

befrugal logo

BeFrugal Summary

  • Guaranteed to have the highest cashback
  • More than 5000 stores to get cashback
  • Over 5 different ways to get rewards
  • 6 different ways to cash out your earnings

BeFrugal is a cashback website similar to EvoShare. It mostly offers cashback and coupons through its website, browser extension, and app. Additionally, you’ll find some of the major brands here that are also at EvoShare. 

Both platforms have various payout options, with BeFrugal offering PayPal, Venmo, Check, Zelle, and direct deposit. However, the two differ significantly on your access to your earnings. 

BeFrugal lets you use and spend your money right away, while EvoShare helps you to save it. So between the two, EvoShare might be the wiser choice. 

EvoShare vs. TopCashback

topcashback logo

TopCashback Summary

  • Get 100% of all the cash back you earn
  • No minimum threshold to cash out
  • Earn cash back at over 4400 partner stores
  • Earn up to 25% cash back and discounts

TopCashback is an excellent alternative to EvoShare if you’re a big shopper. It also offers cashback on major retailers, and mostly on online stores. But compared to EvoShare, it has significantly fewer partner brands.

Other Sites Like EvoShare

EvoShare FAQ

Is EvoShare safe?

Yes, EvoShare is safe. EvoShare doesn’t store your credentials and, instead, opted for Empyr. It has an industry-standard safety protocol to ensure data protection. 

How does EvoShare make money?

EvoShare receives referral fees or commissions from partner retailers for bringing business to them. 

You can link as many cards as you want.

Can I use my cashback from EvoShare towards someone else’s financial goals?

Yes, you can use your cashback from EvoShare towards someone else’s financial goals.

What are the tax implications of EvoShare cashback?

According to the IRS, EvoShare cashback is not taxable. 

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