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.
