Moved to Forum: Original Link
Received the following email from Cash Rewards. Whilst it's not the original 4%, it's better than 1%.
Happy Friday!
We’ve been listening to everyone who’s been in touch with us - we love hearing all your feedback. We know you're upset about eBay, and so are we.
Our goal here at Cashrewards is to offer the best cashback rates on everything you buy online – we’re very passionate about this!
We’ve had a big chat and believe the best thing to do is up the eBay cashback to 2% from 6pm AEDT tonight.
This isn’t what we had initially planned, but our ultimate goal is to make you happy and offer the best cashback rates in Australia! This will cost us money in the process but we figure you're worth it!
Cashrewards has brought our game face back for 2016. It’s not even the end of January and we're already working extra hard to make the community super happy.
Keep on clicking on!
From the Cashrewards team
Get paid to shop
It's not about cashback companies "taking the hit", it's about the so-called limits which eBay have allegedly enforced.
If eBay had any contract clauses with cashback companies regarding the capping of cashback amounts, I'm sure that:
a) cashback companies would not be allowed to offer cashback percentages over and above the eBay stipulated percentages whether these companies could afford it or not,
b) rarely would cashback companies voluntarily give out loss-making cashback percentages, which would effectively mean dispensing free money and violating eBay's contract, and
c) it might make sense for eBay to say that we're offering cashback percentages of 2% (so a cashback company can offer say 1% and retain the other 1% as their commission), but it doesn't make sense for eBay to forcefully instruct their cashback partners that you cannot offer more than a x% rebate, because it doesn't help eBay's business if eBay does that.
eBay will obviously say that our maximum offering to cashback sites is x%, but it's not eBay's concern what cashback percentage the cashback companies offer its click-through customers. For all eBay would care for, higher cashback percentages offered by cashback sites would drive more business to eBay, and eBay would certainly like that traffic. eBay doesn't care if a cashback site offers its click-through customers 1%, 2%, 3% or 10%, all eBay cares about is the percentage that eBay passes on to cashback sites.
There are other sites still offering cashback percentages higher than the so-called limits imposed by eBay, which merely reinforces the notion that if something doesn't make sense, it's probably not true.