The END of Ebay bucks program
PRIZ430
Posts: 306 ✭✭✭
2
PRIZ430
Posts: 306 ✭✭✭
PRIZ430
Posts: 306 ✭✭✭
Comments
Sounds like a cost control measure. My guess is maybe one or two per quarter of 5% that will probably be timed to increase revenue before quarterly earnings statements.
Seems fine with me. That 1% was never a motivator for me, and I hated that one-month redemption window.
It's not the end...just a change to the existing program😎
Got the email too, that sucks
My other account got this email...which clearly does not offer any addition BUCKS
So it appears Ebay will be ENDING the program for some, while offering limited BONUS BUCK promotions to a few others.
Got it. I will now buy less there and bid more on Great Collections.....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Start of more ebay nickel/diming coming...from buyers, sellers..
I have come to the conclusion after 20+ years on eBay that the company has been consistently mismanaged. Even a token rewards program is better than none, and yes I understand there will still be occasional promotions.
I just got it too and my first ever coupon 15% off a $2000 or greater watch WTF. Do people still wear watches or look at their phone. When you think ebay can’t get worse they do.
I like how they threw an ad about the card in there, the card that gives you points that you can't use on coins.
FU too ebay.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
A $ is a $ and now you don’t have it no matter how big or small
Lafayette Grading Set
They never meant much to me. Generally used it for supplies or reference book.
Recently got 1500 or so free listing promo on top of basic store auction and BIN listings.
No way to use them all.
People gripe, but it is the best selling platform for the low and mid tier collector... ie 99% of the collector base.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Just checked my messages.
Had the "continued bonus bucks" language and mastercard plug.
Agree 1% never motivated me.
Looked into the card once before and learned card rewards were not applicable in coin categories. Seemed misleading. Really have to read the fine print.
Instagram
There are certainly a lot of different notices posted here.
I wonder why that eBay did not send out the same notification to all Buck members?
>
Here is my notification:
>
Hello Wayne,
Thank you for being a Bucks member, and a valuable part of our eBay community. We’re reaching out to tell you about upcoming changes to the eBay Bucks program.
After careful consideration, we’ve decided to retire the 1% earnings reward on everyday purchases starting April 1st, 2021. The good news is, you will continue to receive bonus Bucks offers, so you can keep earning.
And, beginning April 1st, the Bucks you earn will have a 12-month redemption window, so there’s even more time to score those big savings.
We hope that gives you more time to enjoy everyday savings and deals on the brands you love. Plus, all the exciting finds you’ve come to expect on eBay: from the rare to the retro to the right now.
Sincerely,
The eBay Bucks Team
Kennedys are my quest...
1% was always welcomed on things I was gonna buy anyway.
Apparently two different emails, one for those signed up for ebay bucks and one for those not signed up. It is an Opt-In program.
Latest, in depth ebay bucks details
Note that self enrollment in the Ebay Bucks program is currently closed.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Obviously promoting one of their slowest areas.
Meh. My eBay buying was infrequent enough that my rewards were often less than $1. If they have other means for accumulating rewards and give you longer to spend them, it might be better for me.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Won’t miss it. Hardly ever buy enough even get enough for $25 model train car or kuerug coffee variety pack.
I really want a Tudor PO1
Maybe I need to add watches to my store to attract some rewards. Haha
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I never cared or bought things because of it anyway but, it's typical big business in action. This same mentality (squeeze ever last cent out of every transaction) is the same reason Vegas sucks compared to years ago. They don't care about you.
I'll admit the 8% and 10% promos they used to send out would occasionally motivate me to jump off the fence on a purchase, but the 5% promos and 1% standard rate never moved the needle for me. I am a small time player and my Bucks rebates rarely exceeded $20, so it's not a big loss to me.
I would much rather see them spend some time addressing their state sales tax algorithm, I am tired of paying 6.35% on purchases that are legally exempt from sales tax where I live.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Mine has never worked right anyways. My app doesn’t have the tab for it even though I’ve signed up for it
Thank you, eBay. I used every big ebucks promo to buy inventory.
My ebucks have compounded over the years for a huge financial gain to my business.
This is the message I received this morning so apparently no more bonus bucks for me.
Hello Tom,
Thank you for being a Bucks member, and a valuable part of our eBay community. We’re reaching out to tell you about upcoming changes to the eBay Bucks program.
After careful consideration, we’ve decided to retire the 1% earnings reward on everyday purchases starting April 1st, 2021.
Even though these rewards are coming to an end, you can still enjoy major savings on unique products and daily deals on the brands you love.
You can also earn extra rewards through the eBay Mastercard®, earning up to 5x points on eBay purchases.‡ Now through March 11th, 2021, open a new eBay Mastercard, spend $250 in the first 30 days and receive a $50 statement credit.* Click here to learn more.
We hope you’ll keep checking back in for all the exciting finds you’ve come to expect on eBay: from the rare to the retro to the right now.
Sincerely,
The eBay Bucks Team
it's crackers to slip a rozzer the dropsy in snide
I used to max out several ebay accounts each quarter.. so usually $1,000+ per quarter in ebay bucks. It has been dwindling in the last year, and now will basically dry up. My ebay days are drawing to a close it feels like.
Wouldn't ya know...
Just got an offer for 15% off a watch.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
How will I keep my paper clips stocked up?
Well, It was nice while it lasted. I suspect I earned close to 10 Grand if not more. I remember 1 quarter I maxed out 2 accounts buying slabbed 10 Libs from AMPEX for a few dollars over spot. That was just like getting pure cash on top of the CC bonuses! I sold them all the next week at a coin show for a few bucks more each than I paid for them!
I don't think you did that on the 1%. They will still be running the promos. They just aren't offering the 1% at all times.
Of course I didn't!
Edit to add.....I just did the math, and yes I have purchased more than enough during my time on ebay to do that on 1%!
1% wasn't much much but it does add up. Another reason I'm slowing down business with ebay.
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
The program was always worth a couple hundred bucks to me every quarter. Got me more than one common Morgan or high grade Wheatie. Oh well, moving on!
Instead of ebay .... now get most non coin items from amazon.. Coins ? only small buys on the bay
Where does it say it's ending?
Dave
"We’ve decided to retire the 1% earnings reward on everyday purchases starting April 1st, 2021"
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
1% Ebucks didn't motivate us to buy anything on E-Bay. Giving us a $20 discount for a $2000 coin doesn't cut it.
Bonus e-bucks might work but we haven't received an offer in a long while. If premiums on $20 gold shrinks there will be little motivation to remain on E-Bay, as a seller.
Thread title is misleading. Ebay will no longer pay 1% on normal purchases (bullion was not included). They have the option of un-retiring the 1% in the future. They will continue to offer bonus bucks periodically to those enrolled in the program. Note in their latest program details that self enrollment is no longer available.
No Way Out: Stimulus and Money Printing Are the Only Path Left
The end of an era. Those 10% bonus buck were awesome. Used to max several accounts every quarter, flip the coins and use the bonus bucks to acquire free gold.
Then came the random bonus offers on some accounts but not all, and then the reductions to 5%, sometimes only 3%, sales tax on coin listed in places like jewelry and collectables, cancellation of Mr. Rebates, standard deduction from 2% to 1% and now 0%.
Gone forever are the good ole days. See ya eBay, you used to be the best. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
so you'd rather pay a large buyers fee than lose a 1% bonus?
But wait, they are 'working to create more valuable benefits'. So we will surely be better off going forward...
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut
I felt 1% was an insult. Glad it is gone.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
sadly, it's probably true.
I've never thought it was worth it for current premiums on gold. Unless you get the Apmex special rate, wholesale/retail spread isn't more than 5% typically.
I reckon they have been getting absolutely destroyed by the no fees on certain Athletic shoes, paying for authentication, and handing out ebay bucks on top.
I plan that buyers fee into my bid price. What ever I'd have bid or paid on Ebay, I just subtract $5 and bid that amount. Win some lose some. Just remember some of us small fish don't have the big bucks like some to bid on items that are really high price. So the buyers fee means nothing to me as I've never won an item that cost me more than a $20 buyers fee anyway. And there's less fraud or counterfeits to worry about....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
All valid points, but I'm not sure what any of that has to do with the 1% bonus.
@Kliao - ‘ The good news is, you will continue to receive bonus Bucks offers, so you can keep earning.’
Dave
IN the past most of my buying was done when I received a bonus & Apmex had a special. Thus, you were buying gold with the low premiums at spot or below. I was buying graded double eagles. I did build up a fair sized inventory over the years thanks to E-Bay so I have a good supply of coins to sell. In this environment I'm offering/selling coins with the largest premiums to spot and buying the ETF GLD. If the premiums shrink my selling days will wind down.
There have been times when I spotted a coin on E-Bay that I believed to be relatively well priced. In the past I would pull the trigger when I received the bonus offer which put the coin within my buy range. Without that inducement of Bonus bucks I cease to be a buyer.