PayPal Offering $20 in Holiday Rebates
November 06, 2006 | by Geoff Duncan
PayPal wants consumers to spend their holiday money online - and to encourage them, it's offering customers up to $20 cash rebates on purchases made via PayPal.
Online transaction processor PayPal wants users to do their end-of-year holiday shopping online—and to encourage them, the company is offering customers cash rebates of up to $20 for using PayPal to pay for purchases on eBay and qualifying merchant sites in North America.
"With nearly 123 million PayPal accounts worldwide, we know that merchants see increased traffic and sales when they accept PayPal on their Web sites," said Dana Stalder, PayPal's senior VP of marketing and business operations. "We're offering these incentives to reward our loyal buyers with even more reasons to use PayPal, which in turn, delivers even more shoppers and sales to our merchants this season."
Under the plan, rebates will be available from November 23, 2006, through May 15, 2007, via online North American merchants offering PayPal Express Checkout—qualifying sites include major retailers and online vendors like PayPal's parent company eBay, as well as Barnes & Noble, Dell, 1-800-Flowers.com, PetsMart, and more—PayPal says more than 100,000 merchants are eligible, and the company plans to give out $100 million in rebates over the program's six-month run.
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Veruka on Nov 22nd, 2008 at 10:45 AM:
Love it! I got an email saying that I'll get $20 cashback to my Paypal account if I spend $100 on a walmart.com purchase. I was planning on getting some birthday/Christmas gifts from there anyway, so it worked out great. (Plus, Inbox Dollars is doing 1% cashback on walmart.com right now, too)
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Matt on Nov 7th, 2006 at 4:35 PM:
20.00! I spent that with them last month posting items on EBAY that never sold! Well, I guess it's hats off to the person at PayPal that thought of this. It will likely encourage more people to use PayPal and EBAY for the holidays, maening more PayPal purchases and transactions, so in reality, they will probably be tripling their money. I would like the option of 20.00-or no charges for PayPal transactions for a week in December. But at the end of the day, it's still nice they are giving something back.