1% eBay bucks on purchases returning in 2022?

U1chicago

What do you all think? Will eBay bring back the 1% eBay bucks on all (most) purchases in 2022 or is this just a glitch?

Here is an item ending today with no eBay bucks listed

and then one ending Jan 1st with eBay bucks listed (1% of the current auction price).

Edit: both are in the coins category (not bullion). One is from a Canadian seller but I checked a US based seller for an item ending today and it also has no eBay bucks.

ctf_error_coins

Wow. I see 1% on all coins (auctions that end next year) I have looked at this AM.

I hope that this pans out as the 1% sure adds up fast.

coinpalice

has anyone got a 5 percent e bucks lately?

jmlanzaf

@coinpalice said:
has anyone got a 5 percent e bucks lately?

There was an 8% this week.

jmlanzaf

You'd think they would have announced it.

ctf_error_coins

@jmlanzaf said:
You'd think they would have announced it.

Then no one would BIN today.

Wait one day.

dbldie55

Should have waited on my purchases.

Seems to be auction only, not Buy it now.

U1chicago

@dbldie55 said:
Should have waited on my purchases.

Seems to be auction only, not Buy it now.

That's because the buy-it-now would end today if you bought it today (so it won't show until tomorrow if the 1% is back).

U1chicago

@jmlanzaf said:
You'd think they would have announced it.

That makes me think it might be a glitch.
However, @ErrorsOnCoins makes a good point that it would halt most purchases today if they announced it early. Also, they might want to wait until the 1st to make a "big announcement" for the new year.

HoldTheMayo

IMO 1% isn’t worth the squeeze. For example: Discover has quarterly promos where you can get 5% back off Amazon, Paypal, Target etc purchases.

Bought 2x $1000 coins this past year, one via Paypal, the other via Amazon with a prominent dealer.
$100 in cash back in total.

You’d have to spend $10k to get that with Ebay’s 1%

DelawareDoons

@HoldTheMayo said:
IMO 1% isn’t worth the squeeze. For example: Discover has quarterly promos where you can get 5% back off Amazon, Paypal, Target etc purchases.

Bought 2x $1000 coins this past year, one via Paypal, the other via Amazon with a prominent dealer.
$100 in cash back in total.

You’d have to spend $10k to get that with Ebay’s 1%

Yeah but you get 1% from ebay, 2% from your credit card, thats 3%. I've spent over 200 grand on eBay this year. That 3% maxes out my IRA.

dbldie55

I noticed it was not on Buy it now listings, but if it is supposed to start on January 1, then they will probably show up on these tomorrow. I have a couple on my list. We will wait to see.

mbogoman

I saw this first on the night before the 8% Ebucks promo and thought "what's up?". Then I got the 8% promo the next day. I saw the 1% again this morning. It will be interesting to see how it shakes out...

jmlanzaf

@HoldTheMayo said:
IMO 1% isn’t worth the squeeze. For example: Discover has quarterly promos where you can get 5% back off Amazon, Paypal, Target etc purchases.

Bought 2x $1000 coins this past year, one via Paypal, the other via Amazon with a prominent dealer.
$100 in cash back in total.

You’d have to spend $10k to get that with Ebay’s 1%

You can get both. Just buy in ebay and pay with PayPal...or whatever bonus card you have.

jmlanzaf

@U1chicago said:

@jmlanzaf said:
You'd think they would have announced it.

That makes me think it might be a glitch.
However, @ErrorsOnCoins makes a good point that it would halt most purchases today if they announced it early. Also, they might want to wait until the 1st to make a "big announcement" for the new year.

I can see it either way. It's unusual for them to not give a heads up on these things in their quarterly updates. But, we'll see...

ctf_error_coins

1% eBucks is actually a huge deal.

HoldTheMayo

If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

ctf_error_coins

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It is not only the 1% but it's a loyalty program in a way and keeps buyers interested in eBay.

Topdollarpaid

eBay fees are way to high

DDR

Ha, not so good for me because I had a negative balance when the program ended

Jzyskowski1

@Topdollarpaid said:
eBay fees are way to high

There’s no way you could duplicate the service for less. B&M ? No way. Out advertise eBay ? No way. Provide the security and guarantees. Sure, but at what price.
Trusted members do better on the BST here but that’s hobby related not so much retail sales.
Again my experience but pretty good advertising, pretty good backup and guarantee, good selection, and awesome research abilities.
It works for me because no coin clubs, shows or shop close. Thanks

jmlanzaf

@Jzyskowski1 said:

@Topdollarpaid said:
eBay fees are way to high

There’s no way you could duplicate the service for less. B&M ? No way. Out advertise eBay ? No way. Provide the security and guarantees. Sure, but at what price.
Trusted members do better on the BST here but that’s hobby related not so much retail sales.
Again my experience but pretty good advertising, pretty good backup and guarantee, good selection, and awesome research abilities.
It works for me because no coin clubs, shows or shop close. Thanks

Totally agree.

Anyone who thinks ebay 's fees are too high (under 10% including payment processing and transaction insurance) has never run a business.

jmlanzaf

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

CoinJunkie

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

jmlanzaf

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

CoinJunkie

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

jmlanzaf

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

I don't know their inner workings, obviously. But they used to have it. They got rid of it. If they are bringing it back, it isn't experimental. It is because the data they already have must demonstrate that it was effective as a loyalty program.

[Note: I'm also primarily a seller, about a 100:1 ratio]

CoinJunkie

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

I don't know their inner workings, obviously. But they used to have it. They got rid of it. If they are bringing it back, it isn't experimental. It is because the data they already have must demonstrate that it was effective as a loyalty program.

[Note: I'm also primarily a seller, about a 100:1 ratio]

If they're bringing it back, you can rest assured it's because it benefits eBay. I'm highly skeptical that it also benefits me as an eBay seller. Again, YMMV.

jmlanzaf

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

I don't know their inner workings, obviously. But they used to have it. They got rid of it. If they are bringing it back, it isn't experimental. It is because the data they already have must demonstrate that it was effective as a loyalty program.

[Note: I'm also primarily a seller, about a 100:1 ratio]

If they're bringing it back, you can rest assured it's because it benefits eBay. I'm highly skeptical that it also benefits me as an eBay seller. Again, YMMV.

Of course it benefits eBay. But giving away 1% can only benefit eBay if it also benefits the seller. No?

Jzyskowski1

As a buyer only, I would call it cheap advertising and something I like.
Interesting thing about 1%. Most don’t appreciate how it adds up.
Once told my grandpa that it was just “a penny “ and he shared the story of giving him a penny and doubling it for 30 days. Day 1 - 1penny Day 2 double it - 2 pennies. Day 3 double double it -4 pennies and so on 8- 16 - 32 -64. Before 30 days I got his point and pick up every penny I see. Different times, fun story 😉

CoinJunkie

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

I don't know their inner workings, obviously. But they used to have it. They got rid of it. If they are bringing it back, it isn't experimental. It is because the data they already have must demonstrate that it was effective as a loyalty program.

[Note: I'm also primarily a seller, about a 100:1 ratio]

If they're bringing it back, you can rest assured it's because it benefits eBay. I'm highly skeptical that it also benefits me as an eBay seller. Again, YMMV.

Of course it benefits eBay. But giving away 1% can only benefit eBay if it also benefits the seller. No?

No. (Proof left as an exercise for the reader)

jmlanzaf

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@CoinJunkie said:

@jmlanzaf said:

@HoldTheMayo said:
If you spend $200k/year like Delaware definitely, but I’m like sub $20k/year in eBay purchases, and even I’m in prob the top 5% of most collectors.

@ErrorsOnCoins said:
1% eBucks is actually a huge deal.

It's still incremental income. If you're buying stuff anyway, why wouldn't you want the 1%?

Maybe because I've traditionally sold a LOT more on eBay than I've bought, and sellers are who ultimately foot the bill for the promotion?

Yes...and no. It's not like they are raising seller's fees 1% to cover the cost or cutting the seller's fees 1% if they don't reestablish the program. Presumably, they are doing it to drive revenue not decrease profits. It should, therefore, be positive for sellers.

Ultimately, it's just like that. When eBay decides where to set seller fees in 2023, they'll be reviewing profit margins for 2022 as part of the consideration. I'm dubious that 1% is enough of an incentive to influence buyer behavior in a major way. It's more of a nice little perk for someone who's buying anyway. As such, I don't see much benefit to me as (primarily) a seller. YMMV.

I don't know their inner workings, obviously. But they used to have it. They got rid of it. If they are bringing it back, it isn't experimental. It is because the data they already have must demonstrate that it was effective as a loyalty program.

[Note: I'm also primarily a seller, about a 100:1 ratio]

If they're bringing it back, you can rest assured it's because it benefits eBay. I'm highly skeptical that it also benefits me as an eBay seller. Again, YMMV.

Of course it benefits eBay. But giving away 1% can only benefit eBay if it also benefits the seller. No?

No. (Proof left as an exercise for the reader)

LMAO. Honestly, I don't see it. I fail to see how the eBay 1% benefits them unless it drives increased sales which has to benefit me.

The only exception to that would be if they raised my fees by 1% to cover the 1%. But they've made no such announcement.

ctf_error_coins

BIN's are now at 1%

mavs2583

Too bad the ebay bucks doesn’t make up for the sales tax that they put on everything, including what shouldn’t have tax.

Knell

Is this just a glitch on eBay side? None of the items I'm watching now shows 1% eBucks anymore whethere BIN or auction. I purchased/bid and won on 5 items yesterday and only 1 of them had a 1% eBucks after I paid for the items but all of them had the 1% eBucks showing before auction ending.

ctf_error_coins

And it's gone ...

https://youtu.be/-DT7bX-B1Mg