TopCashback adopts Santander UK's new faster payments API, slashing payment processing time for members

  • Santander UK provides new API-based payments product to TopCashback
  • Santander UK PaymentsHub API connects TopCashback directly to the bank’s Faster Payments system, enabling thousands of payments to be processed each minute
  • The new payment system enables TopCashback to provide same day cashback payouts to members 


Santander UK has provided a new API-based payments product to its client, TopCashback. The API effectively plugs the online cashback provider directly into the bank’s Faster Payments portal, significantly slashing the time it takes to process TopCashback’s members’ cashback payouts.

The Santander UK PaymentsHub API enables the UK’s largest1 cashback site, TopCashback, to submit payment instructions directly into the bank’s Faster Payments system. This allows it to provide its members with same day cashback payouts - a significant improvement on the three to five days it previously took to process cashback payouts when it used the Bacs system. PaymentsHub can process thousands of payments a minute and it is anticipated that more than a million cashback payouts will be processed a year for TopCashback through the PaymentsHub API.

With a growing number of consumers shopping online and becoming increasingly savvy to maximising the value of their purchases, including through cashback schemes, TopCashback has significantly grown its members to more than 12 million in the UK since it was founded in 2005. In the past year, it has made millions of cashback payouts to its members.

TopCashback works with thousands of brands that pay it a commission when its members shop with them. TopCashback then gives that commission back to its members as cashback. The bulk of TopCashback’s revenue comes from sponsored adverts and promotions on its website and bonuses it receives from retailers for referring large numbers of sales to websites.

Peter Amison, Finance Director, TopCashback said: “TopCashback has always existed to save its members as much money as possible, and now more so than ever it is essential that cashback can be paid out promptly. Our members are central to everything we do, which is why we are so pleased to be able to deliver their cashback to them through our new Santander UK payment system.”

Nick Ashman, Relationship Director, Santander UK said: “We’re delighted to have collaborated with TopCashback to tailor our PaymentsHub API product to its specific needs. It enables TopCashback to process thousands of payments every minute with real time verification and settlement, giving its members same day cashback payouts and providing a rapid and seamless experience.”

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Notes to Editors
1)    The ‘largest’ cashback provider with respect to being the largest website in the UK offering cashback for online purchases when measured by the total number of visits and unique visits between July 2021 and June 2022, according to website traffic management platform Similar Web. For further information, please visit:

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2022, the bank had around 18,000 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.

About Established over 17 years ago, and with more than 12 million members, TopCashback is the UK’s largest cashback site. It is simple; TopCashback offers people savings and money back on everything they buy when clicking through the site to over 5,000 retailers available. Rates vary from brand to brand, but on average members earn over £300 by doing their shopping, utility switching and renewing insurance policies through the site.