Ibotta is a savings app that allows the user to get instant rebates on items that he or she has already purchased at the store. The app has deals that change on a weekly basis, and sometimes the same deals repeat after a few weeks. A typical Ibotta offer allows a person to get back a dollar or two after purchasing a common grocery item or household product. In order to get the money, the consumer scans his or her receipt or takes a picture of it with his or her smartphone. If the item or receipt also has a QR code, sometimes the Ibotta app will also take that.

The savings is deposited into the person's account as it accrues. Once the amount reaches the dispersal threshold, Ibotta makes a payment to the app user's Paypal account. It is a simple way to save money on the cost of everyday household items, and it can also be used in conjunction with manufacturer's coupons and sales that a store is already having. Ibotta does not place any limits on where the person purchases the product. In most cases, the offer is good on a purchase of one item.