Pic from Coupons in the News |
A week ago, Dave wrote on his blog, Coupons in the News, a post, Stacking Coupons And Ibotta Rebates Is Still (Mostly) Allowed. I love Dave's writing style and acs almost as an investigative reporter because his articles have depth and breath as he brings the readers along for the analysis of the subject at hand.
One of the the most interesting things that Dave talks to in his article is really how we are defining the rebate apps within the consumer buying system and Dave says the following:
But the whole episode once again raises the issue of how, exactly, a cash-back offer should be categorized. Ibotta and some other cash-back apps have long considered them to be something of a separate category from manufacturer’s coupons – sort of like a store coupon or an in-store promotion. In most cases, there’s no prohibition against stacking a manufacturer’s coupon with a store coupon or an in-store promotion on the purchase of a single product – in fact, many retailers and brands promote this very type of stacking, so their savviest shoppers can get some extra savings.
I also think that this correlates with the federal government's recent efforts in mandating PayPal and Venmo to send out 1099-K forms to individuals that receive $600 in payments.
Keep in mind that we spend our hard earned money to make the purchase and the rebate app is reimbursing us in the form a discount.
The thing is the government isn't asking a billion dollar company like Procter & Gamble to send out 1099-K forms when they pay out rebates and the government should not be asking PayPal or Venmo to send out 1099-K for payments, the federal government is over reaching.
Anyways, I highly recommend that you read the article, Stacking Coupons And Ibotta Rebates Is Still (Mostly) Allowed. It's an excellent read!
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