Could someone exlpain how cyberrebate is not bankrupt???

[edwardraff]

I can't figure it out they not only are giving stuff away after mail-in-rebate (yes I know they massivly inflate the prices), but on top of that they give free shipping so they lose even more money thru that, and then they lose an addtional 5% if you use ebates or something like that so how can they possibly afford to pay you to take products away, I just can't figure out. If you have any idea how it works or if you not what there thinking please post it, I can't figure it out

Thanks

Edward G. Raff

 

[PandaBear]

They charge you 10x the retail price up front and do not send out many of the rebates. They were busted last year

Thats how they survive.

 

[JumpOnDeals]

To make you wonder even more, there is a $10 off $25 coupon they have right now, so buy anything with a 100% rebate, and you actually get PAID to place an order with them.
Steve

 

[Bonezilla]

They take your money and probably invest or stick it into a CD grab the interest and give you the money back after 10weeks. If enough morons out there take them up they could make mad money.

 

[GoldenTiger]

wrong forum

 

[edwardraff]

how were they busted could you please explaing I am intrested if finding out how it really works

 

[mikeford]

When you buy stuff from them, YOU assume all the risk for them not going belly up before the rebate check gets sent. With the inflated prices they have, and the long wait for the rebate, a LOT of financial ills could be ticking away with a collapse from the first slow down in sales.

One of two things, either people are not getting all their rebates (not sending on time, screwing up, or they just don't send them out), or its a pyramid scheme with current buyers paying older buyers rebates and the wait getting longer and longer.

 

[Pliablemoose]

Because they're unscrupulous: NY State OAG Press Release (may the mod gods forgive this humble lurker's response to an OT post in the wrong forum)

 

[rdog57]

i dont think you should call people morons for using cyberrebate.............i used them and got my money back.......so who is the moron again?? i got it for free nothing beats that.......as for making money they make money off people not claiming rebates im know for sure.......what the use the money for in the meantime no idea.