Posted by William Charles on December 22, 2017
Deals

Published on December 22nd, 2017 | by William Charles

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iConsumer Shopping Portal – Moving From Cashback To Bitcoin Only

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.



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SteveH
SteveH

Not the best day for to that announcement to come out.

Daniel
Daniel

This

De
De

+1 SteveH!

Didn’t it lose ab 40% of its value compared to the recent high? Can I get skydongs instead?

Terri Clark
Terri Clark

I’m afraid to even ask, what are skydongs? Can you MS with them?

Ferris
Ferris

Experts say they are penises that fly in the sky. It’s hard to MS with them unless you have a private jet.

NinjaX
NinjaX

ive heard escorts and strippers of the highest class are xperts when it comes to penises in the sky. not sure tho. i cant afford it yet.

Max
Max

I find it slightly off-putting to make fun of other countries’ currencies, eg Skypesos, Skydongs. Almost racist. I mean after the GOP tax bill causes the US economy to crater like Argentina, would you want your new Chinese overlords making fun of the now worthless skydollar?

Dan
Dan

Someone got a dong in his peso…

Vk12
Vk12

There’s always that one guy that has to get political…

Vic
Vic

I don’t know how they’re gonna make it work, but this certainly drew my attention. I’ll signup soon.

Dave
Dave

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.

Matt
Matt

Im conflicted. I think this will result in a surge in growth and more shareholders. But I prefer USD.

bob
bob

sounds like they’ve got a cache of BC they want to dump. Get out now!

Bill M
Bill M

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.

Adam D
Adam D

check this comment in a month* it cost 8 grand in november lol, its really “down”

Dan
Dan

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.

NinjaX
NinjaX

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.

parkdanil
parkdanil

Well I’m happy with this news. i signed up with your referral link. Thanks for the tip.

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