eBay has long had something called “eBay Bucks” which give you a small percentage of the amount of your purchase for a future purchase. They have made some changes to it over time but today they have announced the biggest change so far.
eBay Bonus Bucks Changing
The earning used to be 2% of the purchase price back as eBay Bucks for future purchases. Once they hit your account, you had one month to use the credit. Occasionally, they came out with bonus offers, even up to 10%.
After a while, they cut the daily earning to 1% but still ran some bonus offers, typically around 5% back. This was still nice when you had a major purchase as you could earn an extra 4% if you bought on eBay during the bonus promo.
With even major retailers starting to sell on eBay at Buy-It-Now prices, it has been easy to just head over to eBay to buy things that you may otherwise buy in stores. Having even just the 1% was a nice way to get a little extra on the purchase.
But, as of April 1, eBay is doing away with the 1% earnings on everyday purchases. Instead, they will still run bonus opportunities as well as extending the life of bonus points credit to 12 months instead of one month.
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.
While not a blow to most, it is just one more reason for many to steer away from eBay. Money products (like gold and gift cards) have not counted for eBay Bucks in a while, sales tax is charged for most on eBay now, and, if you are a buyer, you need to be constantly on alert for scammers like this.
Just be aware going forward that you won’t get that 1% earning on regular purchases as of April 1, 2021.