The New Beta eBay Bucks Program
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It seems that the economy has driven many businesses to become more innovative with ideas for keeping customers. EBay has dominated the online auction category when it was introduced but it has diminished in influence in the internet buying/selling scene.
Fees seem to be increasing continuously and it has had a drastic effect on the tendency of sellers to put their items up on the site. Buying, on the other hand, seems to have the same feel. In order to increase consumer spending, eBay is introducing the eBay Bucks Program.
From an email to me:
Congratulations! You’ve been selected to participate in a new rewards program called eBay Bucks. We’re only inviting a randomly selected group of eBay shoppers to join as we continue to develop the program.
It’s fast, easy, and free. Just sign up, and you’ll be on your way to earning 2% back on all your qualifying eBay purchases.*
You’ll rack up eBay Bucks whenever you shop on eBay and pay with PayPal. Every three months, you’ll get a certificate to spend on eBay.
See how eBay Bucks works. Take the video tutorial.
With 2% back, it outcompetes the 1% cashback offered by popular sites such as Ebates.com, FatWallet.com, and UPromise. But wait, the 2% back is only available as eBay Bucks, which can only be used to purchase more items on eBay.
For avid eBay shoppers (who have Paypal), this may be more convenient than going to referral sites and being worried their order wasn’t tracked. Then again, occasional eBay buyers may want to stick with the affiliate sites to get cash back.
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Trevor @ Financial Nut said:
So this is just a test then, correct? Depending on how it goes, eBay will give this 2% back opportunity to everybody that shops?
April 15th, 2009 at 10:56 am -
Simon said:
Yeah. It is in beta at the moment to test the waters of the program. It seems like a very promising idea.
Be advised that the 2% only applies to purchases made through Paypal and the 2% back will only work towards future eBay purchases.
It ensures that buyers use Paypal, which would then allow them to charge Paypal fees on the seller.
So this way, your money spent remains in their system and even helps them make a profit. Nevertheless, it is better than the 0% back we get now.
April 15th, 2009 at 11:02 am
[...] All it takes is a cashback credit card, an account at a cashback rebate site, and an account in the prestigious eBay Bucks program. [...]