It depends, basically you go buy the item, send in form, recepit, and the UPC, wait 8-12 weeks while the go play with your money and then they send you back a check. They usually earn some interest on your money while they have it and they rely on those people who forget to send it in, send it incorrectly, or those who just plain forget they ever sent it in. I don't really know what you mean by in internet rebate.
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