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Anyone using cashback to incentive more sales?

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I've been playing with the idea of implementing a cashback system in my online shop. I believe it'd be a nice incentive for customers to buy more (and more often) from me, but one thing is theory and another thing are results. Has any of you implemented it with success? Would you recommend it? If so, how did you implement it (any system/plugin/add-on you would recommend?

It'd also be a good idea to partner up with cashback websites like RebateMango, but for now, as the small brand that I am, I think it is not entirely possible, although it could be worth a shot. Nonetheless, I want to apply it internally first before going to new heights.

Thank you all!

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