PayPal Unwraps 2008 Holiday Promotions
October 30 2008 - 12:06PM
Business Wire
PayPal today announced great deals and special offers for
cash-strapped online shoppers this holiday season. Customers can
receive up to 20 percent cash back on purchases from major
retailers, such as American Eagle Outfitters, eToys and
Blockbuster, as well as free shipping from select PayPal merchants
and great eBay (Nasdaq:EBAY) deals for anyone paying with PayPal.
�With the economy tightening, consumers are shopping early and
using every tool at their disposal to find the best deals on
holiday gifts,� said Cliff Hopkins, senior director for PayPal.
�Many online merchants are responding with cash rebates, free
shipping and other great deals for all our PayPal members this
holiday season.� Forrester Research predicts online sales will
increase by 12 percent this November and December over 2007
(�Outlook for US Online Holiday Sales,� October 2008). To attract
online holiday shoppers, retailers are offering a number of holiday
promotions to help PayPal members find great gifts at prices that
won�t break the bank. Cash Back Beginning December 1 through
December 22, PayPal members can receive cash-back incentives on
purchases from retailers such as Overstock, Blue Nile and eToys.
Offers vary by merchant, but shoppers can find rebates and
discounts ranging from five to 30 percent. Free Shipping Merchants
such as SmartBargains and 1800 Flowers are also offering free
shipping this season on orders paid for with PayPal. eBay Deals
eBay continues to be the destination where shoppers can find the
best prices on the gifts people want most. Shoppers who arrive at
eBay through Microsoft Live Search (www.live.com) can receive up to
30 percent cash back on the purchase of any eligible fixed-price
item when using PayPal through the Microsoft Live Search cash back
program. The cash back program, on top of eBay's already low
prices, can generate savings of up to 60 percent on many of the hot
gift items available for sale across the site. And just in time for
the busy holiday shopping season, eligible purchases on eBay.com
paid for with PayPal are protected for the item�s full purchase
price plus original shipping costs with no cap on coverage if the
items are not received or significantly not as described. For more
information about the 2008 PayPal holiday promotions, and to see a
full list of participating merchants, visit www.paypal.com/holiday
beginning December 1. About PayPal PayPal is the faster, safer way
to pay and get paid online. The service allows users to pay without
sharing financial information and gives consumers flexibility to
pay, including through account balances, bank accounts or credit
cards. With more than 65 million active accounts in 190 markets and
19 currencies around the world, PayPal enables global ecommerce.
PayPal is an eBay company. More information about the company can
be found at https://www.paypal.com. Note to media: PayPal�s Cliff
Hopkins is available throughout the holiday season to provide more
details on PayPal�s promotions and discuss the overall e-commerce
landscape this season.
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