RebateKey(™), As COVID 19 forced more online shopping and budget sensitivity among homebound consumers, RebateKey, an online discounts platform, has experienced dramatic growth in sales and new customers. In its first two years, RebateKey has signed up over 500,000 active shoppers. After a slight dip in sales in March due to COVID shutdowns, RebateKey has seen a significant upward trend in sales and new customers turning to online shopping and looking for more ways to save.
RebateKey CEO Ian Sells reported major growth in consumer payouts as well. Cashback rebates to shoppers increased from $20 million in the first two years to over $43 million paid out to customers by the end of September, nearly doubling in the last nine months.
“RebateKey is really meeting the needs of consumers right now,” said Sells. “We’ve seen big increases in our customers’ purchases of health and wellbeing products from fitness equipment to supplements. Other growth areas are toys, clothing, and household items.”
RebateKey is among a niche group of e-commerce companies specializing in rebates and coupons. What differentiates RebateKey is its seamless, trusted cashback process for consumers and sellers. When shoppers find a product on RebateKey (at savings of up to 100%), they still purchase it from their favorite e-retailer at full price. They then record the order ID with RebateKey. Consumers are delighted to receive their hassle-free rebates after a required 35 day waiting period, and merchants are happy to leave the rebate payout process to RebateKey. The 35-day hold allows buyers and sellers to resolve issues or make any requested refunds.
In addition to consumers purchasing products on the RebateKey website, the company recently launched a Chrome extension that helps them find instant deals while shopping directly on Amazon.
“During this difficult economic time, we are clearly filling a need by providing deep cashback rebates and discounts to our growing consumer base,” Sells said. “And our brand merchants are excited to help new customers discover their products through compelling offers.”
For more information about RebateKey and interview requests, contact Jesse Sells at jesse@rebatekey.com
Facts:
Founded in 2017 by CEO Ian Sells and Co-Founder Leo Limin
Launched with 30 e-commerce sellers. Today, they have over 20,000+ sellers
Over $43 in million rebates paid out since 2018
Over 21 million in rebates paid out in 2020 alone
Average buyer can save $250/mo
Website: www.rebatekey.com
About RebateKey(™)
RebateKey is an innovative deals marketplace where savvy online shoppers can earn significant cash-back rebates and where e-commerce retailers can test, grow, or re-energize sales of their products. RebateKey is a registered trademark.
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