iConsumer is a shopping portal that a lot of readers might be familiar with due to the fact that they used to offer crazy rates on eBay purchases when purchasing third party gift cards still worked. They always had a strange model in that you’d earn cash back and iConsumer shares. I’ve always just considered the shares worthless and focused exclusively on the cash back rates. iConsumer has now announced that they won’t be offering cash back anymore and will instead be offering Bitcoin instead.
Bitcoin is a highly volatile cryptocurrency, I guess this is one way for iConsumer to stand out from the other cash back shopping portals. Receiving Bitcoin instead of cash back will start tomorrow (December 23rd, 2017). Personally I won’t be using iConsumer unless the rates when converted to USD are significantly higher than other portals. It’s also unclear how exactly it will work, for example is the bitcoin I receive based on the time of purchase? When the offer tracks? When they are paid out by their affiliate channels? I honestly don’t see how they can offer even remotely competitive prices when the merchants listed will still be paying them in USD with Net30/Net60.
Have they gone under? Most functionality on stock, help , cashing out , etc seems to be gone on website and app
Iconsumer now offers a choice, Cash back or bitcoin back. Iconsumer offers the highest rebate at over 80% of the retailers it deals with.
Well I’m happy with this news. i signed up with your referral link. Thanks for the tip.
this company is a joke. if Rakuten and Ebates busted out BTC and ICO payout, I AM SO FACKING DOWN. but this OTC wannabe public company? give me a damn break. you wont get paid out when this company collapses just like BitConnect.
Read the damn letter. They want to start their own coin. BTC is just temporary.
Its way more profitable to rake in USD and pay out in iDong coins, than take in USD and pay out in USD. I just want my pending cashback paid out and I am done with those dongs.
Nice timing as bitcoin lost 1/3 of its value this week and the brand spanking new bitcoin futures that launched last Sunday night were locked limit down today leaving those suckers who were long the futures unable to sell even as the spot price kept dropping.
check this comment in a month* it cost 8 grand in november lol, its really “down”
sounds like they’ve got a cache of BC they want to dump. Get out now!
Im conflicted. I think this will result in a surge in growth and more shareholders. But I prefer USD.
Seems like an attempt to differentiate themselves from other portals without offering competitive rates.
My guess is that their customer base will pretty much only be bitcoin zealots from here on out.
I don’t know how they’re gonna make it work, but this certainly drew my attention. I’ll signup soon.