Ebay and PayPal Team Up for Cash Back Program
Ebay and PayPal Team Up for Cash Back Program
Posted 08/13/2010 at 2:37pm
| by Ryan Whitwam
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Online auction site eBay is looking to entice users to spend a little more heavily by working with PayPal on a new cash back program. Any eBay shopper that lives in the US, and makes a purchase with PayPal will earn 2% cash back. The service is (cunningly) called eBay Bucks.
Purchases made on the website, as well as on mobile apps will count toward the program. However, come areas of the eBay site will not figure into a user's eBay Bucks balance. These include Classifieds, Business & Industrial Capital Equipment, eBay Motors, and Real Estate categories. At the end of each three month period, users will be issued a voucher as a payout. The eBay Bucks have to be spent within 30 days, and users will have to use PayPal as the payment processor.
Ebay claims that in a trial period, users in the Bucks program spent five times more than regular users. Only time will tell if the wider eBay user base will respond in kind.
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ONaE
August 13, 2010 at 7:37pm
Been part of the beta for a while, and I don't find myself spending more money on eBay JUST because I get 2% back. It is still better than nothing, I guess.
hades_2100
August 13, 2010 at 5:48pm
Isn't PayPal owned by eBay? So why would they need to "team up"?
arch20002013
August 13, 2010 at 3:45pm
This has been going on for a while now. A little late to report it imo.
brockalee
August 13, 2010 at 2:58pm
Something is better than nothing... Fatwallet has a little cashback program also, but man I miss Bing Cashback. EBay buy-it-now was like 8% I think.
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