San Jose, Calif. – Nov. 6, 2006 –PayPal today announced it will launch promotional incentive programs valued at up to $100 million just in time for the busy holiday shopping season. As part of these incentives, millions of PayPal customers will be eligible to receive cash rebate offers up to $20 when paying with PayPal on qualifying merchant Web sites in North America, including eBay.com. Additionally, consumers will find free shipping from some of the Web's most popular brand names when they pay with PayPal this holiday season.
"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, senior vice president of marketing and business operations for PayPal Inc. "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."
Cash rebate programs will be available to consumers from November 23, 2006, through May 15, 2007. Free shipping promotions will be available beginning November 23, 2006. For more information on how to take advantage of cash rebates and see a list of merchants offering free shipping, visit https://www.paypal.com/holiday.
Online merchants in North America can qualify for this promotion when they offer PayPal Express Checkout, the fast and easy way to pay online. Qualifying merchants will be promoted on PayPal.com, eBay.com and via other online advertising channels. For more information about how merchants can qualify, visit https://www.paypal.com/advantage.
About PayPal
Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance. Because PayPal allows customers to shop online without sharing their financial information with merchants, privacy is built into the service. PayPal has nearly 123 million accounts and is available to users in 103 markets around the world. More information about the company can be found at https://www.paypal.com.
PayPal is available on hundreds of thousands of e-commerce sites, including some of the biggest shopping destinations on the Web like 1800Flowers.com, BarnesandNoble.com, Dell.com, eBay, HP.com, iTunes.com, Petco.com, PetSmart.com, SharperImage.com StarbucksStore.com, and Walgreens. To shop at thousands of e-commerce sites that accept PayPal, visit https://www.paypal.com/shops.
Media Contact:
Amanda Pires
PayPal
(408) 967-1005
apires@paypal.com