eBay Announces First-Ever Rewards Program with eBay Bucks
By: eBay Inc. Staff
Free to Join and Open to U.S. eBay Account Members, eBay Bucks Offers Consumers 2 Percent Back on Most Items Purchased Through the Site with PayPal
SAN JOSE, Calif.--(BUSINESS WIRE)--eBay (NASDAQ:EBAY), the world’s largest online marketplace and leader in mobile commerce, today announced the launch of its first-ever rewards program: eBay Bucks. Any eBay shopper who resides in the U.S. and is a registered member of eBay.com is eligible to participate in the eBay Bucks program. eBay Bucks offers consumers 2 percent back on most items purchased through the site with PayPal.
“We’re giving eBay’s most loyal shoppers something special in return – money to spend on eBay”
With access to the largest supply of merchandise of any online shopping site, consumers can earn eBay Bucks for most purchases made both on ebay.com and through smart phone devices using eBay mobile applications. The amount of eBay Bucks earned is calculated in real-time. When it’s time to redeem, the eBay Bucks certificate is automatically applied to the customer’s purchase.
“We’re giving eBay’s most loyal shoppers something special in return – money to spend on eBay,” said Lorrie Norrington, president of eBay Marketplaces. “eBay Bucks Rewards Program is free to join and easy to use, providing customers with even greater value when they shop the great selection and deals on eBay. With redemption rates well above industry average for comparable loyalty programs, eBay Bucks is a big hit with both buyers and sellers on eBay. It’s seamless, simple and rewarding.”
Once consumers enroll, each qualifying purchase will automatically earn eBay Bucks, which accumulate during each calendar quarter, or every three months. An eBay Bucks certificate is then issued and consumers have 30 days to redeem their eBay Bucks towards purchases with PayPal on eBay.com.
For the past year, eBay has been piloting eBay Bucks with select U.S. customers. On average, consumers enrolled in eBay Bucks spent five times more on eBay than those not participating in the program, earning eBay Bucks every half second during the pilot. Sellers also benefitted from buyers making more purchases as a result of the rewards program.
For more information on the program and a video tutorial, please visit: http://pages.ebay.com/rewards/faq.html.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 87 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at PayPal.com.
PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.