If you like to shop online, then perhaps Ebates is the thing for you. Ebates is not a shopping portal – you can’t buy things from them directly. However, for those who enjoy online shopping, they offer a great deal: if you have ever calculated how much you spend online, then you’ll understand. Here’s the deal: Ebates offers you a cash back option if you shop at their affiliates. In other words, if you shop at one of their recommended websites, then Ebates allows you to get some of your money back. It’s a win-win for everyone, really. Thinking it’s worth exploring? Here are the most essential facts on Ebates and how you can really benefit from them.
How does Ebates work?
It’s pretty straightforward – you sign up (all you need is an email address) and right away you are awarded about almost $10 in gift certificates (the amount may vary due to the exchange rate). After that you can go your own way, shop at their affiliates, gather up points, and get rewarded – this is done as soon as you complete a purchase of about $25.00 or more.
How you get paid
You can’t just get paid whenever you want to get paid – perhaps that is the drawback of it all. The payment scheme is hassle free, but happens only 4 times a year (per quarter). You either get a check mailed to you or can have funds transferred through PayPal.
Some of their advantages
There are many advantages: there are cash back rewards, and the site is very clear on how much you will actually get back. They also have great customer service, which is a definite plus-point.
While the company is, in general, very reliable, it sometimes does miss the dates it sets out for remitting paybacks – this seems to be the main issue, according to the BBB.
Maximizing your income
There are ways to maximize their benefits; here are just some of them.
- Get the cash back remitted to your credit Visa card
- When you use a credit card, your cash back could go to 3% instead of the usual 1.6%
Granted, 1.6% of your money back may not seem like much if you buy only worth about $120 a year; what’s a less than $2 after transfer charges, after all? On the other hand, if you often find yourself purchasing things online (for example, if you have a business), then the 1.6% could add up to a pretty penny after a while. As a matter of fact, it’s a big deal – interest rates in the bank for your savings account have been much less than that. If you’re one that shops online frequently, you should certainly consider it.
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