SAN JOSE, Calif.--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.
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.
Merchants such as SmartBargains and 1800 Flowers are also offering free shipping this season on orders paid for with PayPal.
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.
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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