Product: Receipt Hog
Scam or Not: Not a Scam
Overall Ranking: 8*/10
What is Receipt Hog?
Receipt Hog is a smartphone app that lets you earn a little bit of money back from shopping.
Once installed, you simply take photos of your receipts with your smartphone via the app. Doing so lets you earn coins and once you have enough you can cash out via PayPal or Amazon gift cards.
The underlying concept is that the app is paying you for information on your purchase activity. Such data is extremely relevant to marketing companies and does have some value.
How Does Receipt Hog Work?
So, the basic idea of Receipt Hog is simply that you’re taking pictures of receipts. This is incredibly easy to do and certainly doesn’t take much time or energy.
The company simplifies it down like this:
At the same time, you can do use the app regardless of what you buy or where you shop.
With this in mind, it’s easy to see the appeal. After all, we all have to shop on a regular basis, so why not earn a little bit of money for doing so?
The app is also easy to navigate and fairly intuitive.
Additionally, there are various challenges and other options that let you earn more.
These may reward coins but they may give you slot entries instead, which can then lead to prizes. Of course, as with any type of slots, there is a good chance you will get nothing.
In some cases, you may get surveys for specific receipts and these can be another way to make money.
The end result is that you mostly get credits for taking photos of your receipts. But, there are also other ways to earn and the process can even be fun.
Still, there are some complexities to consider.
For one thing, you can only submit a maximum of 20 receipts per week.
Additionally, the rewards you get depend on the type of receipt. In particular, you get coins from places like grocery stores. The company describes it like this:
In contrast, other types of stores just let you earn spins rather than coins. You can potentially win coins via that spin but that isn’t guaranteed.
The number of coins you get for a receipt is also connected to how much you spend. This means that people who do large shopping trips would tend to make more per receipt than those who do not.
For people in the United States, this breaks down as such:
In theory, this would let you earn up to 400 coins a week (20 receipts @ 20 coins each). But, after you reach 100 coins, you start getting 5 per receipt.
With this in mind, the most you could get from receipts would be 100 from the first 5 (5 receipts x 20 coins) and then 75 from the other 15 receipts (15 receipts x 5 coins). So, that’s 175 coins.
You might earn some coins from other methods too, like surveys or the slot machine. Still, the amount isn’t likely to be high.
Besides, most people probably won’t submit 20 receipts in a week and mightn’t even hit the 100 coin mark each week. So, you could be getting significantly fewer coins each week.
Now, to actually cash out, you need to hit 1,000 coins – which gives you $5. You can also store your coins and you will get a better ratio of coins to income at higher levels.
Still, it’s easy to see how you’re never going to be earning a large amount of money through the receipts.
Receipt Hog Reviews
As a general rule, Receipt Hog reviews tend to be largely positive. For example, the Google Play version of the app gets a little bit above 4 stars.
Likewise, the version on iTunes does well too, especially for the current version.
Many of the positive Receipt Hog reviews also say similar things. One particularly common trend is the idea that the app is easy to use. Another is that people do actually make money.
As a result, the app seems much simpler than doing surveys for income and would certainly involve less effort.
Still, there are some people that aren’t impressed.
However, some of this comes down to what you expect. In particular, the app is basically offering information in exchange for data. So, it shouldn’t be too surprising that they don’t pay especially well.
Additionally, there seem to be errors in the app from time-to-time. For example, one reviewer suggested that they didn’t always get credit when they should have.
Likewise, another had issues with receipts not always being accepted.
Despite this issue, there aren’t many reviews that mention not getting money when they should. As such, it seems like problems with the app are relatively uncommon.
Finally, both positive and negative Receipt Hog reviews suggest that you’re not going to earn a large amount of money. For example, one reviewer mentioned that it took around 6 months to earn $20.
Another said that they earned $10 in a few months.
This makes sense when you consider the coins per receipt that I mentioned earlier.
Benefits and Advantages
Aside from the fact that you do earn money, the biggest advantage of Receipt Hog is that it’s easy. You’re basically just snapping photos and playing slots.
Additionally, you’re also working on an app. As such, you can make money casually, without having to be at a computer.
Issues with Receipt Hog
The Receipt Hog reviews may be positive and the app does work but I still wouldn’t recommend it.
Even if you were to submit 20 receipts each week and spend above $100 on some of them, the amount you earn is still minimal. And, realistically, most people probably won’t get anywhere close to that level.
If you do plan to get involved with Receipt Hog, then it’s important to be careful.
The problem is that this app has you spending money to make money. Apps that do this can influence your behavior, often without you realizing it.
For example, it may be tempting to buy one extra thing to push you over the $100 mark, so that you earn the most possible coins for a receipt. But, with how little the app offers, if you do this a couple of times you may have spent more than you earn.
As such, it’s only worth getting involved if you can be certain the app isn’t going to influence your spending.
Is Receipt Hog a Scam?
Receipt Hog isn’t a scam and it’s not even close to being one.
For one thing, the company is very honest about what’s involved and lives up to those claims. Additionally, there is nothing to suggest that you should earn a lot of money from the app.
Instead, it just acts as a casual way to make a little money.
Can You Make Money with Receipt Hog?
At the beginning of this post, I gave Receipt Hog a ranking of 8, because the app does exactly what it claims to and, for the most part, seems to work well.
However, I wrote that as 8*, because even though the app works, it isn’t a great choice for making money.
The key reason for this is simply the amount you get paid.
After all, even the positive reviews suggest that you’d probably earn less than $10 a month.
If you can use the app without it influencing your behavior, then this is basically free money. But, still, there is some effort involved and you’re really not making much.
My Personal Receipt Hog Review
There aren’t many approaches that live up to the ‘easy money’ idea but Receipt Hog is one of the few that does. This may be one reason to get involved.
However, if you’re looking for a legitimate way to make money or even earn a living – Receipt Hog isn’t going to fill that need.
The alternative that I suggest is the idea of building your own business online. Specifically, I’m talking about an approach called affiliate marketing.
Affiliate marketing is deceptively simple. It lets you make money by indirectly selling products from other companies. Basically, you advertise items and direct people to where they can buy them.
If you make a sale, you earn money.
At the same time, you’re providing companies with advertising and your visitors with valuable information. The end result is a business approach that benefits everybody involved. That’s rare.
Affiliate marketing also plays into the growing online market, especially as increasing numbers of people are shopping online.
The one other reason to consider this idea is that it’s easy.
Now, I’m not saying it’s a way to get rich quick. You do still need to put in energy, time and effort. However, you don’t need any previous skills or knowledge to be successful.
Instead, you just need good education and guidance, and you can get both of those things at a site called Wealthy Affiliate.