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Sunday, November 25, 2007

PayPal Promotion for Extra Savings -- Especially Monday November 26th

Update Nov 26th -- a number of other vendors have added the PayPal 20% promotion to their sites, and most are probably for today only. I had mentioned Toys 'R' Us but also: Dell, Barnes & Noble, hp, Newegg, eBags, eToys, Guess, Overstock (for $100+ purchases), SkyMall, Ritz Camera, SmartBargains, Blue Nile, EA, Eastbay... this 20% back is separate from any savings you get at the stores, so you can combine this with other deals and get even more of a bargain. The maximum you can get back to PayPal for all your purchases is $50 and it is supposed to credit back into myour account by January 31st.


I saw an e-mail that Toys 'R' Us is having a Cyber-Monday promotion tomorrow with some special prices where they are having some special prices but are also offering an extra 20% cash back if you use PayPal to pay.

For those of you who've never used PayPal, it's a service where you can send payments to anyone with an e-mail account, but can also make payments directly to participating stores. It largely gained traction as a payment system a lot of people used for ebay transactions. When you register for PayPal, you can link it to a bank account as well as to credit card(s). The transactions are secure, and you end up not putting your credit card info into the hands of every store where you shop -- the store/recipient only gets the PayPal info, not how you made the payment into PayPal.

OK, enough basic info about PayPal... here's the savings. I only saw the special offer as far as Toys 'R' Us, but PayPal has this extra promotion going on with other on-line vendors. For example, if you shop at FTD.com and pay with PayPal, you also get an extra 20% back. With drugstore.com, it's $10 back on a $50+ order plus free shipping. Toys 'R' Us is advertising this specifically for their special sale November 26th. Each vendor has their own promo deal with PayPal.

These savings are yours just for using PayPal, so it's extra money back into your pocket for using your credit card with PayPal instead of using your credit card directly into the vendor's checkout process.

Here's a link to the PayPal promotion page showing the various deals they have with different vendors. Their program lasts until December 10th but the specific promotions with stores may be limited only for the period chosen by that on-line store (i.e. Toys 'R' Us may be limited to tomorrow only). You get charged the full amount at checkout, and the money gets credited back into your PayPal account sometime in January.

If you were shopping with one of these places and going to pay on-line anyway, why not let PayPal be the intermediary and claim some extra savings?

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