PayPal Offering $20 in Holiday Rebates

PayPal wants consumers to spend their holiday money online - and to encourage them, it's offering customers up to $20 cash rebates on purchases made via PayPal.

Online transaction processor PayPal wants users to do their end-of-year holiday shopping online—and to encourage them, the company is offering customers cash rebates of up to $20 for using PayPal to pay for purchases on eBay and qualifying merchant sites in North America.

“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, PayPal’s senior VP of marketing and business operations. “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.”

Under the plan, rebates will be available from November 23, 2006, through May 15, 2007, via online North American merchants offering PayPal Express Checkout—qualifying sites include major retailers and online vendors like PayPal’s parent company eBay, as well as Barnes & Noble, Dell, 1-800-Flowers.com, PetsMart, and more—PayPal says more than 100,000 merchants are eligible, and the company plans to give out $100 million in rebates over the program’s six-month run.