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.
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.