You’re Probably Overpaying on Amazon — Here Are 8 Ways to Avoid It

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We’re all doing a lot more online shopping these days. New quarantine sweatpants? Add to Amazon cart. Noise-canceling headphones for your home office? Thanks, Amazon!

Here’s the thing though: You’re probably overpaying.

We always assume Amazon has the best price, but oftentimes, there are way better deals hiding out there. If you’re not tracking them down, you’re probably getting gouged.

Here’s how to stop overpaying….

1. Find Out if You’re Overpaying

Wikibuy tells you when you’re about to pay too much for an item. For example, you could save $30 on this TV.

Wouldn’t it be nice if you got an alert any time you’re shopping on Amazon and are about to get ripped off.

That’s exactly what a free service called Wikibuy does.

Wikibuy’s free alerts can be added to your browser. Before you check out, it’ll check other websites, including Walmart, Target, eBay and others to see if your item is available for cheaper. It will also show you coupon codes, set up price-drop alerts and even let you see the item’s price history.

Let’s say you’re shopping for a new TV. You’re ready to check out, and you assume you’re getting the best price. Here’s when Wikibuy will pop up and let you know if you’re about to overpay. It will even let you know if you can get it delivered sooner (see photo above).

So far, Wikibuy has saved users more than $70 million.

You can get started with Wikibuy in just a few minutes to see if you’re overpaying online.

2. Get $225 in Amazon Gift Cards for Watching the News

A woman uses an Amazon gift card to shop.
Aileen Perilla/The Penny Hoarder

It’s been a historic year in news, and we’re all constantly refreshing for the latest updates. You probably know more than one news-junkie who fancies themselves an expert in respiratory illness or a political mastermind.

And research companies want to pay you to keep watching. You could get up to $225 a month in free Amazon gift cards by signing up for a free account with Swagbucks. They’ll present you with short news clips to choose from every day, then ask you a few questions about them.

You just have to answer honestly, and Swagbucks will continue to send you gift cards every month. This might sound too good to be true, but it’s already paid its users more than $429 million. We talked to one user in Pennsylvania, 52-year-old Carolinda Hendrickson, who earned $1,200 in a year.

It takes about one minute to sign up, and start getting paid to watch the news

3. Get up to 5% Cash Back Every Time You Shop

One of our favorite ways to save is with Rakuten, a cash-back site that rewards you nearly every time you buy something online. For example, Rakuten gives you up to 5% cash back on Amazon.

Plus you’ll get a free $10 Amazon gift card for giving Rakuten a try.

4. Use Amazon Coupons — Yes, They’re a Thing

Coupons rule.

If only you could use them on Amazon, right?

Spoiler alert: You can, from right within the site.

Amazon Coupons lets you clip coupons in a bunch of categories, including groceries, personal care and household products. When you click on the coupon, it’s automatically added to your cart and applied when you check out. Easy peasy.

Please stop giving me more incentive to shop on Amazon.

Please.

5. Get Another Free $20 to Spend at Amazon

I’m already addicted to earning cash back on my grocery hauls through Ibotta.

But now it’s expanded well past groceries and into other realms — like Amazon.

If you sign up for Amazon Prime (highly recommend if you’re an addict) through Ibotta, you’ll earn a $20 Amazon gift card. If you’re already a Prime member, no worries. You can still earn cash back. We’ve found tons of Amazon offers on Ibotta. Here are some examples:

  • 5% cash back on home services
  • 3% cash back on fashion
  • 3% cash back on home and kitchen
  • 3% cash back on pet supplies
  • 3% cash back on luggage
  • 3% cash back on devices

All you have to do is download Ibotta (you’ll snag a free $10 for signing up) then shop through the app.

6. Shop Amazon’s Outlet Store

A woman walks down the street with an Amazon box.
Tina Russell/The Penny Hoarder

Did you know Amazon has an outlet store? Seriously.

It works similarly to your traditional brick-and-mortar outlet stores; it stocks overstocked items and sells them at a discount.

You can find anything from pet supplies to clothing to electronics to grocery items.

7. Take 5 Surveys and Get a Free $5 Amazon Gift Card

Here’s an easy way to get $5 toward your next Amazon order: Take five online surveys through a website called MyPoints.

MyPoints is a research company that’ll pay you to answer questions about different products and services you use. In return, it’ll give you free gift cards. You can even do this from your phone.

To date, MyPoints has paid people more than $236 million in gift cards.

To get your $5 Amazon gift card, just sign up and complete your first five surveys.

8. Dig Out Your Old Electronics and Trade Them in For Amazon Credits

Got an old phone sitting in the bottom of your junk drawer? A dead tablet? A hoard of video games you haven’t touched in years?

Amazon could give you gift cards for them.

Through the Amazon Trade-In program, you can send in your old eligible electronics and get gift cards for them.

Don’t worry about paying for shipping, either. Amazon will give you a free prepaid shipping label. If Amazon won’t accept your electronics, it’ll send them back to you for free.

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