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Pioneer in Cash Back Shopping Ebates.com Sets Milestone by Surpassing $1 Billion in Online Sales
Tuesday, October 14, 2008
Achievement underscores the power of cash back shopping
SAN FRANCISCO, Oct. 14 /PRNewswire/ -- Ebates.com, the leader in online
cash back shopping, today announced it has surpassed $1 billion in sales made
by its members at the over 1,000 stores available through the site.
Ebates.com makes it easy for shoppers to compare and select retailers,
discover sales events, get the best coupons and discount codes, and find
compelling bargains on the most popular products -- while they earn cash back
on every online purchase. Ebates.com members can earn cash back on everything
from clothes and accessories to baby supplies and toys to travel packages and
luxury items to cameras, computers and appliances.
Ebates.com's retail partners recognize the value of Ebates.com as well.
"Priceline.com finds customers the best deals possible on flights, hotels,
rental cars, and vacation packages and that is the mission we live by," said
Paul Hennessy, Chief Distribution Officer, Priceline.com. "To be able to
offer them additional savings through Ebates.com is a true differentiator and
enables us to provide a more valuable service to our customers than any of our
competitors. Ebates.com makes it easy to save more money, it is just that
simple."
"As a frequent online shopper, I can attest to the fact that Ebates.com
makes bargain shopping easy -- plain and simple. They offer enticing coupons,
deals through their blog, a solid search engine, shopping guides and, my
favorite, the double-rebate merchant of the day," said Rebecca Ford,
Ebates.com super user, CompareRewards.com. "I've been a member for over seven
years and run a Web site that reviews rewards programs. Between Ebates.com's
payment options, their trusted vendors and the fast, friendly, and helpful
customer service, Ebates.com scores consistently high on my annual comparison
of shopping rebate rates."
"Ebates.com's model has been proven over the last nine and a half years
and our latest milestone shows how powerful cash back shopping has become,"
said Kevin H. Johnson, CEO of Ebates.com. "In fact, our growth is only
accelerating during these turbulent times. As we pass the $1 billion in sales
mark, our shopping activity is growing by more than 50% over last year, and
even the wealthiest of shoppers are coming to Ebates.com. We believe
Ebates.com is the smartest way to shop online, and we expect a record holiday
shopping season."
About Ebates.com
Ebates.com (http://www.ebates.com) is the pioneer and leader in online
cash back shopping. Over 1,000 of the largest online retailers, including
Buy.com, Drugstore.com, FTD.com, Ice.com, Lands' End(R), Macy's,
priceline.com, RitzCamera.com and Sears benefit from Ebates.com's loyal
membership base of more than six million shoppers by offering cash back,
coupons and special offers via Ebates.com. Since the launch of Ebates.com in
1999, Ebates.com's members have spent over $1 billion with participating
retailers who currently offer shoppers an average of 5% cash back on each
purchase. Ebates.com membership is always free and provides shoppers with
actual cash back on purchases -- there are no rebate forms to submit and no
points to redeem. The company was founded by two former Deputy District
Attorneys responsible for prosecuting online fraud and identity theft who
instilled security, privacy and customer satisfaction as main pillars of the
service. Ebates.com is a privately-held company backed by venture capital
investors August Capital, Canaan Partners, and Foundation Capital. Ebates.com
is headquartered in San Francisco, California and is a member in good standing
of TrustE and the Better Business Bureau.
SOURCE Ebates.com
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