BAM eBay Buyer Blog

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An Update on eBay Bucks and How You Can Benefit

An Update on eBay Bucks and How You Can Benefit

A few years back, this blog shared some information about the eBay Bucks program.  We thought it was time to update our look at the program and see what, if anything, has changed, and how you might benefit.  

One thing to keep in mind is that although the typical eBay Bucks "money back" rate is 2%, eBay sometimes runs promotions where you can earn more than that. For example, just this past June, eBay ran a promotion where you could earn three times the normal amount in eBay bucks, or 6% instead of 2% on qualifying purchases. 

But let's run down the basics of eBay Bucks and some of the changes over the past several years.

What are eBay Bucks? 

The eBay Bucks Rewards Program is designed to reward eBay members for purchasing items on www.ebay.com, according to eBay. You need to join, if you have not already, and then, after each calendar quarter, you can rack up eBay Bucks based on your qualifying purchases (there are some restrictions; see below). 

You can earn money back based on a base rate which is currently 2%. (Please see below for how that can change with promotions, etc.).

How do you join?

You can join by enrolling here, "or simply by responding to an invitation email that eBay may send from time to time."

If you earn $5.00 or more in eBay Bucks during that calendar quarter, you receive a reward equal to the amount of your eBay Bucks in the form of an eBay Bucks Certificate. You can use this Certificate to buy more things on eBay.

The program is free, so there is no downside to joining.

Changes Made to the Program

The following changes were made about January 1, 2014, to the eBay Bucks Rewards Program:

- If you do not earn $5.00 or more in a calendar quarter, then your eBay Bucks balance does not transfer to the next earn period and is forfeited. 

- If you don't earn $5.00 in a calendar quarter, you cannot transfer your balance to another eBay Bucks member. eBay Bucks are non-transferable. 

Canada

The eBay Bucks Rewards Program in Canada was discontinued around March, 2013.

Rewards Outside the US

- Are there any rewards programs for eBay users not in the United States?

If you are a resident of the United Kingdom, you may be eligible to earn rewards through Nectar, says eBay. 

Who can participate?

You can participate in the eBay Bucks program if, according to eBay:

 -  You have a US address tied to an eBay account and the account is in good standing (no holds or suspensions)

 -  You have an eBay account registered on eBay.com
 -  You have a valid PayPal account or have successfully signed up for a valid PayPal account and such account is in good standing

Only one (1) eBay account per person can be enrolled in the eBay Bucks Rewards Program.

How do you earn with eBay Bucks?

You earn rewards with eBay Bucks simply by being enrolled in the program, and then shopping on eBay.  Not all purchases qualify; see the restrictions here: http://pages.ebay.com/rewards/terms.html, and some below:

To qualify, purchases must meet the following requirements:

-  Paid for with PayPal (Payment needs to be made on eBay's checkout system. Payments made directly via PayPal to a seller's account aren't eligible.)

-  Made after you enroll in the eBay Bucks Rewards Program (can be a winning bid or Buy it Now). (That one's a no-brainer).

-  Bought on the US eBay site (www.eBay.com). "Some third-party automated bidding applications (sniping tools) are actually placing their bids on international sites as opposed to bidding on the US site directly. Purchases completed by these applications do not qualify to earn eBay Bucks."

-  Purchases made in these categories do not qualify ("among other restrictions"):

-  eBay Motors (including Parts & Accessories)

-  Classifieds

-  Real Estate

-  Gift Cards & Coupons, but only for eBay Gift Cards within that category

-  Coins & Paper Money, but only for Bullion within that category

-  Business & Industrial 

But you can still use eBay Bucks to purchase items in those categories.

How Much can you Earn with eBay Bucks?

- The base percentage rate is currently 2%. However, the base percentage can chage: "eBay reserves the right to change the base earn percentage up or down. 

From time to time, "eBay may offer special promotions that would provide members with extra eBay Bucks or an additional earn percentage in addition to the base earn percentage for qualifying purchases during the promotion period. If your purchase qualifies for multiple promotions, you will automatically earn credit for the highest value promotional offer."

- How is the base earn amount determined for a qualifying purchase?

The base earn amount is calculated by taking the [item price] x [quantity selected] x [earn percentage]. Any additional fees such as shipping, handling, and taxes are excluded from this calculation; eBay Bucks are earned solely on the item price.

- Are all aspects of your qualifying purchase included in the calculation?

No, eBay Bucks are earned solely on the item price. Any other fees (including, but not limited to, shipping, handling, and taxes) are not included in the calculation of the earn amount.

Can the base earn percentage change?

eBay "reserves the right to change the base earn percentage up or down. From time to time, eBay may offer special promotions that would provide members with extra eBay Bucks or an additional earn percentage in addition to the base earn percentage for qualifying purchases during the promotion period. If your purchase qualifies for multiple promotions, you will automatically earn credit for the highest value promotional offer."

Are there any limitations on how many eBay Bucks you can earn?

Yes, according to eBay:
"You can earn up to $100 in eBay Bucks on any single eBay purchase. This means that if the eBay Bucks earn percentage is 2% and the purchase price (excluding tax, shipping fees) is in excess of $5,000, you would be restricted from earning any more eBay Bucks for that purchase beyond the $100 eBay Bucks purchase earn limit.

and:

"You can earn up to $500 in eBay Bucks for all qualifying purchases during a given calendar quarter. This means that if the eBay Bucks earn percentage is 2% and the total value of qualifying purchases exceeds $25,000 during a given calendar quarter, you would be restricted from accumulating any more eBay Bucks beyond the $500 eBay Bucks quarterly earn limit."

When do you get the eBay Bucks posted to your account?

They are posted after you purchase and pay for your item(s) with PayPal. Note: If you make a purchase during one calendar quarter but don't pay for it with PayPal until the next calendar quarter, the eBay Bucks will be added to your account during the quarter when you pay for the item(s).

How can  you check you eBay Bucks balance?

Go to My eBay, and then click "eBay Bucks" under the "Buy" heading in the left-hand menu bar.

For more information on eBay Bucks, go to the FAQ, here:  http://pages.ebay.com/rewards/faq.html?&_trkparms=%26clkid%3D6800449814580359911

So, as you can see, eBay Bucks are free money...don't leave it on the table, especially during those triple-points promotions!


Are You Taking Advantage Of eBay Bucks Rewards?

What are eBay Bucks

eBay bucks is a program created by eBay to try to attract more buyers by offering percentage of the purchase back to the buyer. If you choose to sign up for eBay bucks, you will get 2% back on qualifying purchases. There are some days when eBay offers higher percentage. I have seen 5% on one day but those are not common. This rewards program is currently open to US and Canadian residents who are 18 years or older.

Program Restrictions and Limitations

The program has some restrictions. Those include:

  • You have to pay with PayPal using eBay checkout system
  • Purchases you made before signing up for eBay bucks do not qualify
  • Your bids need to be placed on eBay US or eBay Canada global sites

 

There are some categories that do not qualify for eBay rewards:

  • All eBay Motors categories
  • Classified Ads
  • Real Estate
  • Gift Cards
  • Coins & Paper Money - my favorite category :(
  • Business & Industrial

 

See "eBay Bucks Rewards Program Terms & Conditions" for full details, restrictions and limitations.

There are also limits on how much you can earn. Maximum amount you can earn for a single purchase is $100. You can earn maximum of $500 for calendar quarter.

How to sign up for eBay bucks

You're not automatically enrolled in this reward program. To earn eBay bucks, you have to manually sign up. Any purchases you make before you sign up, will not be eligible (I learned this one the hard way). Sign up for eBay bucks.

Accessing your eBay bucks

To see details about your bucks, including your total, which transaction earned you how much rewards and countdown to when you'll be able to start spending your eBay bucks, you go to My eBay and click on eBay Bucks:

 

Redeeming eBay bucks

You start earning eBay bucks at the beginning of a quarter and earn them for three months. Within 15 days after the end of a quarter, eBay will issue you eBay Bucks Certificate. From that day, you have 30 days to use your certificate. If you do not use your eBay bucks within 30 days, you will lose them.

When you get your certificate, it's easy to redeem your rewards. After you purchase something (auction or buy it now) and when you start PayPal checkout, it should automatically use the certificate as default payment method. If you don't have enough to cover your purchase, you'll be able to choose another payment method to cover the reminder. If you have more in eBay bucks than the purchase amount, your entire purchase will be paid for with rewards. You don't have to use your eBay bucks on one purchase. If you have some bucks left over after your purchase, you'll be able to use the reminder for another item.

Conclusion

If you purchase a lot on eBay, you might want to consider signing up for eBay bucks rewards program to get 2% back on qualifying purchases. Those rewards can add up quickly and It's always nice when you get your certificate at the beginning of the quarter and you don't have to pay out of pocket!

If you still have questions, check out this Video Tutorial created by eBay that introduces eBay Bucks.

If you buy a lot on eBay, I invite you to try Buyer Auction Manager - eBay Software for Buyers. It's free for the first 30 days.

Robert