Rebates

Rebates are partial refunds issued to a customer after they have purchased a product or service. These refunds are usually offered by manufacturers, retailers, or service providers as an incentive to encourage purchases. rebates often require the consumer to submit proof of purchase, such as a receipt or UPC code, within a specific timeframe. The amount of the rebate can vary, offering savings on the original purchase price and can take the form of a mailed check, prepaid card, or credit to a customer's account.

Rebates meaning with examples

• After buying a new washing machine, Sarah meticulously completed the rebate form, providing her purchase receipt and product information. She hoped to receive a $100 rebate to offset the initial cost. Weeks later, a check arrived, making the expensive appliance more affordable, leaving her pleased with her purchase.
• The electronics store offered a mail-in rebate for a new television. The deal was very attractive, and after submitting their claim, the customer were eager to recoup some of the cost, the mail-in rebate was instrumental in their decision. The savings made the television purchase much more agreeable to the consumer.
• To promote their new phone service, the telecommunications company provided several rebates. Customers were able to save a significant amount on their monthly bill for the first six months through mail in and instant rebates, making them more willing to try the new phone service.
• During the holiday season, the online retailer advertised numerous rebates on popular items. Shoppers quickly took advantage of the offers, and they were able to save hundreds of dollars on their gifts. The rebates provided extra value during the busiest shopping time of the year.