The iConsumer portal no longer offers the 4% rate on eBay – their new rate is just 1.5%. Looks like the change happened on Friday, 2/19.
Luckily, after a bit of the slump, some other portals are back up to 2% or even 2.1% (TCB) for eBay purchase – see all portal rates here.
We had hoped that the 4% rate was a more permanent fixture as a loss-leader (see this Frequentmiler interview with iConsumer’s founder), but apparently it was too expensive even at the 4% rate.
Getting your Cashback
- You need $25 to cash out the portal. If you have less, it could be worth doing some more purchases through the portal to meet the threshold.
- There is an inactivity fee that kicks in after 2-years.
- All cashback should be payable within 90-days.
- Currently, payout is via check only. They say to be working on a Paypal and ACH option.
- Remember to add your name and address here, otherwise, you won’t be able to get a check.
And, of course, we’ll keep an eye out for them in the future to see if they have good rates for other merchants.
