February 2013 eBay Bucks Program : eBay has announced the closing of its eBay Bucks rewards program in Canada. Only customers who are registered with a Canadian address or on ebay.ca are impacted by this termination. eBay have confirmed that the United States eBay Bucks program is not effected and remains in effect.
What is the eBay Bucks Program?
The eBay Bucks rewards program is designed to reward eBay members for purchasing items on www.ebay.com (United States) or www.ebay.ca www.cafr.ebay.ca (Canada - English & French sites Program now terminated February 2013). Basically you accrue rewards based on purchases in a period and then at the end you are issued with a eBay Bucks certificate, which can then be used to buy more stuff on eBay. Enrollment to the program is free.
Initial testing of the program started back in 2008, moved in to a beta phase in 2009 and was officially launched in 2010.
eBay's recent letter to Canadian participants explained that :
"After reviewing the eBay Bucks Rewards Program, we have made the difficult decision to end the Program in Canada. We want to thank you for participating in the Program and being a valued member of our community. You'll continue to earn eBay Bucks until March 31, and in early April you'll receive your final Certificate, which will expire after 30 days."
The eBay Bucks program offers consumers 2% back on most items purchased through the site with PayPal. eBay Bucks accumulate every three months, with a $500 cap, and members then have 30 days to redeem their eBay Bucks towards purchases with PayPal on eBay.com.
More information : eBay Bucks Rewards Program