main

Expiring offer: Best Buy will stop rebates

malebolgia   on 02 April 2005 - 20:32 · 65 comments & 8545 views

Advertisement (Why?)
Retailers' love affair with mail-in rebates may be coming to an end. In response to customer complaints, Best Buy Co. Inc., the world's largest electronics retailer, promised Friday to eliminate mail-in rebates within two years. Best Buy's rivals, including Circuit City Stores and CompUSA, are expected to follow suit.

"Our customers are telling us they just hate the process," said Ron Boire, executive vice president and general merchandise manager at Best Buy. But it wasn't immediately clear Friday whether Best Buy would pass on the eliminated rebates in the form of lower prices, though several industry watchers said they expect the company to do so.

News source: startribune.com


"Computer users can stop phishers by not responding to an e-mail or pop-up that asks for personal information," said Lydia Parnes of the FTC's Bureau of Consumer Protection. "Just delete it."

"Phishing is more than a dirty trick played on unsuspecting consumers - it's a serious identity theft problem," said Grant. "In little over a year it's become one of the top scams reported to our National Fraud Information Center and Internet Fraud Watch program."

"The Internet has revolutionized the way we communicate, transact business and educate ourselves," said Aaron Kornblum, Internet Safety Enforcement attorney at Microsoft. "We must work together to stop these con artists from misusing the Internet as a tool for fraud. Microsoft provides consumers with the information and technology that will help protect all of us from this pervasive and destructive threat, and has filed legal action today against some of these individuals."

Kornblum announced that Microsoft is filing 117 lawsuits against alleged phishers as part of its commitment to protecting consumers against phishing and other cybercrime. The company is filing the lawsuits today in the U.S. District Court for the Western District of Washington in Seattle against John Doe defendants.

Through today's sweep of John Doe lawsuits, Microsoft's legal team hopes to establish connections between phishing scams worldwide and uncover the largest-volume operators.

Internet users should follow these simple steps to avoid phishing scams:

Be suspicious if someone contacts you unexpectedly and asks for your personal information. It's hard to tell whether something is legitimate by looking at an e-mail or a Web site, or talking to someone on the phone. But if you're contacted out of the blue and asked for your personal information, it's a warning sign that something is "phishy." Most legitimate companies and agencies don't operate that way.
Don't click on a link in an e-mail message that asks for your personal information. It may take you to a phony Web site that looks just like the Web site of the real company or government agency. Following the instructions, you enter your personal information on the Web site - and into the hands of identity thieves. To check whether the message is really from the company or agency, call it directly or go to the company's Web site. If you don't have the telephone number, get it from the phone book, the Internet or directory assistance. Use a search engine to find the official Web site.
If someone contacts you and says you've been a victim of fraud, verify the person's identity before you provide any personal information. Legitimate credit card issuers and other companies may contact you if there is an unusual pattern indicating that someone else might be using one of your accounts. But usually they only ask if you made particular transactions; they don't request your account number or other personal information. Law enforcement agencies might also contact you if you've been the victim of fraud. To be on the safe side, ask for the person's name, the name of the agency or company, the telephone number, and the address. Then get the main number (see tip above) and call to find out if the person is legitimate.

Post a comment · Send to friend Comments · There are 65 additional comments
(2 replies) #1 Rudy on 02 Apr 2005 - 20:37
finally......even though they are getting faster and giving the money back, i still hate them

one time i bought lots of stuff and i had about 450$ worth of mail in rebate and after 6 months i got 75$ and after about 9months i had still less than 150$ from them never got my money

but i did send one about 8 months ago and i got it back in less than 2 months
#1.1 Lasker on 02 Apr 2005 - 20:39
yeah me too, I hate this damn mail-in-rebate system, why not to just like the post say about to rebate the price, I think is more better, because not body like to send a mail for just 10 or 15 dollars rebate
#1.2 Jstphish on 05 Apr 2005 - 13:44
That's exactly why they have them. They are counting on people NOT sending in the rebates becuase it's too much of a hassel (which it is, but I still do it ... money is money).
(1 reply) #2 streetwolf on 02 Apr 2005 - 20:49
The manufacturers bank on the fact that many people won't even bother to send in the rebate. The more difficult they make the process and the longer it takes to receive a rebate works in their favor.

I'm sure the manufacturers aren't too pleased by Best Buys decision. I really doubt that Best Buy will pass the savings onto the customers.
#2.1 mayamaniac on 02 Apr 2005 - 22:07
The rebate system works for people who wants to save as much as possible. They will mail it in and hopefully get themoney back. For the rest of us who don't really care about $5 or $10 rebates, we will likely not mail them in or forgot about them as its no big deal. And sometime even when you do mail it in, it takes so long to get the money that you forgotten about it also. I've got checks from rebates that i have no idea what it was for because it was months ago since I bought the item.
(3 replies) #3 bucko on 02 Apr 2005 - 20:51
I may sound dumb, but what is a rebate? What is the equivlent in UK? Nope SVT I don't want your evil comments.
#3.1 OPaul on 02 Apr 2005 - 21:15
When you buy an item you send in the barcode and receipt and the company sends you money.
#3.2 wtmcgee on 02 Apr 2005 - 21:17
Basically, a retailier like Best buy will advertise a product as 'on sale' for a certain price: let's say $499. However, the fine print is that this is the price 'after rebate'. So, you end up paying a higher price at the store, say $599, and then you have to go thru this long, drawn out process (filling out a form, attaching a barcode, reciept, mailing in all of these things within a certain time period) to get the $100 back, to make the actual cost as low as advertised.

In my experience (which is rather rare, I avoid these things if at all possible), it takes way too long to get the money back from the company, and unless the rebate is a lot of money, it's rarely worth the hassle.
#3.3 bucko on 03 Apr 2005 - 01:34
Gee, everyone over on xbox-scene is like omg i got rebate on so and so was really good. I always wondered what it was, thanks. I don't think the UK has anything like that, & I'm quiet glad really.
(1 reply) #4 Bwizzel-B on 02 Apr 2005 - 20:53
I think that most people would be ok with rebates if the retailers would assist you at purchase time with filling out the forms. Retailers should also take rebate submissions *IN STORE*, and provide the customer with the option to wait for a rebate check at that point or get instant instore credit.

I'm pretty surprised that nobody tried this out. Well, not really, why would they want to make it easier for folks to get their money, when it pays for them to put barriers on it and rely on most folks not mailing them in.

#4.1 McG on 03 Apr 2005 - 04:00
I most definitely agree with this observation.
#5 xpablo on 02 Apr 2005 - 21:11
I just got my Lexar (BestBuy) $15.00 rebate yesterday when I sent it in a week before xmas, it took almost 4 months and was suspicious cause I called the 800# and they told me my rebate was sent out on March 4, the postmark was dated March 22, 2005, so if I had not of inquired about it, i'd probably not see my rebate.

Meanwhile I bought an Epson printer @ Costco and rec'd my Costco rebate 2 weeks later.

I hate rebates and yes they are a scam as people loose track of them, not only that 50% of people are too lazy to even bother and another 20% dont submit the receipts or UPC code properly to qualify.

As for me I do everything by the book, and photocopy the receipts and UPC codes, so eventually I get my rebates, but some of them after 3+months I call them and strange how I receive my rebate soon after I call.

I think this will be good move for Best Buy, Rebates should be outlawed.
#6 eSouL on 02 Apr 2005 - 21:18
In economics, this is called market segmentation. People who think something worths $100 will not bother to mail in for rebate. On the other hand people who think it only worths $85 will do so. By serving two prices to two different market segments, Best Buy effectively maximizes its profit.
#7 denzilla on 02 Apr 2005 - 21:20
Damn those stupid rebates to hell! I wish I had a nickel for everytime I saw something I wanted and then looked a little closer to see that it had a mail in rebate attached to it. Either offer the stuff cheaper or don't bother!
(1 reply) #8 slimy on 02 Apr 2005 - 21:25
would be nice if they just lowered the prices and left it at that, wonder why future shop isn't mentioned
#8.1 DrunkenMaster on 02 Apr 2005 - 21:38
Its a US annoucement only. I suspect BB Canada and FS will follow. Rebates are a dumb idea.
#9 denzilla on 02 Apr 2005 - 21:28
I think they will pass a portion of the savings along, but not all of it.
(2 replies) #10 mercuryx013 on 02 Apr 2005 - 21:35
Best Buy hates you:

http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2004/07/05/national1332EDT0564.DTL
#10.1 Octol on 03 Apr 2005 - 14:41
Why don't you guys learn to use the Url button when posting links?

Copy your link, click on the Url button, paste the link, click "OK", paste the link again (or type in a descriptive name), click OK again, and you're done:

http://www.sfgate.com/cgi-bin/article.cgi?...1332EDT0564.DTL

It ain't that difficult.
#10.2 Jstphish on 05 Apr 2005 - 13:53
QUOTE
Some retailers are deciding that the customer can be very, very wrong -- as in unprofitable.

Pretty much. The customer a lot of the time is wrong. I work at a rather large retailer and have for around 5 years. Our store has some of the best customer service that I know of, for this type of store, and every employee knows the customer is usually wrong about most policies. The difference between my store and say everyone else is that we take this "wrong factor" into account and try to actually help the customer instead of taking money from them. After all, a happy customer is more likely to come back and spend more money ... plus it's actually nice to help people.
(2 replies) #11 ProfessorX on 02 Apr 2005 - 21:36
I think they should follow Staples Easy Rebates. You dont have to mail anything. Just fill the online form and you get your rebates in a few weeks.
#11.1 westonb_2005 on 02 Apr 2005 - 21:44
This is what Costco does and it is so convenient.
#11.2 MaceX on 02 Apr 2005 - 21:56
My thoughts exactly
#12 Ash on 02 Apr 2005 - 21:58
I'm not entirely sure but I think Best Buy owns Futureshop, so in theroy it may trickle down through futureshop too.

Yes I hate these damn Mail In rebates... I always forget to send them in and when reading this post, I just remembered I didn't send in my rebate for my DVD writer i got in november dammit.

And the only 1 time I actually remmebered to send one, they sent it back and said I didn't send the right UPC code... well there was only that one, and I sent that in.
#13 redkahn on 02 Apr 2005 - 22:12
Probably has more to do with the reduction of the overhead of the rebates (the employees and other business costs) than it as to do with the "customer complaints" about the process.
#14 neufuse on 02 Apr 2005 - 22:27
staples always was pretty good with online rebate processing, don't know why they didn't do something like that... mail in rebates were always junk, no way to garantee that they got there... staples made it easy just by entering in two numbers on your reciept and then told you if it was correct or not there, and told you when thy mailed you a check all online... no need for UPC's or anything... just the two numbers on the reciept
#15 Squibbles on 02 Apr 2005 - 22:38
Rebates are good business though. Think about it: The company will have many months with your money to do whatever they want. In this time, they can use your money to generate more revenue. They're dependent on the fact that they will make more prorfit out of your money in the coming months, and be able to pay you back without a defecit.
(3 replies) #16 nic on 02 Apr 2005 - 22:40
Cool, they should just have lower prices as soon as you buy the item, not some stupid mail in rebate crap.

On a side note, Don't ever get into that stupid "Reward Zone" crap either. Pretty pointless if you ask me. The details make it seem really cool because you get all these hundreds of points per purchase, but it takes a couple of thousand points to just get a measly $5 credit. I calculated it all out once and found that I was essentially saving 2.5% with the card, if I even keep up with it and actually use it (you don't get squat until you get at least 15,000 points).
#16.1 georgi55 on 03 Apr 2005 - 00:57
QUOTE
Don't ever get into that stupid "Reward Zone" crap either.


Heh, if you buy a $3000 plasma screen you've just gotten back $100 of best buy gift certificates to spend.
It's not that bad.
#16.2 Galley on 03 Apr 2005 - 01:25
You get $5 back for every $150 you spend. I've gotten nearly $200 in reward certificates so far.
#16.3 Drestin on 04 Apr 2005 - 17:04
Reward Zone is great. It's a 2.5% rebate at Best Buy. I bought a 60" LCD and got $140 in Best Buy $. Then I had my godfather buy a $3000 LCD and he gave them my reward zone card and *I* got the $120 in Best Buy $ - sweet!

Put it this way, it's 2.5% you weren't getting otherwise - what makes that bad?
#17 emel on 02 Apr 2005 - 23:00
My friend and me same hard drive from best buy .. it was on $60 rebate.. I got mine while my friend didnt.. then he gave up..
#18 CrisCr0ss on 02 Apr 2005 - 23:06
If i was best buy i would make a "best buy / Future shop" card and i submit teh rebate form to maybe customer service and the rebate can be added to my card, overtime money increases and you can use the card to purchase something etc..

i wouldnt mind doing it that way.
(1 reply) #19 Fit4130Rider on 02 Apr 2005 - 23:06
I've never had a problem with the rebate system, nor have I hated filling out the forms. They are very straight forward and idiots are the only people that get confused.

Name:
Address:
Phone Number:
(copy of reciept and UPC)
*so hard*

Sure it takes a while but its always like finding money in your pocket that you forgot about. Its great!
#19.1 khaos34 on 02 Apr 2005 - 23:23
I've never had a problem either - and the money you save is really great sometimes. 50-pack of DVD-R's free after rebate? sure! $200 photo printer for $100? That sounds great! And yes, it does take a while, but it does come in. I've also heard of problems and even know people who've had problems with it, but all they do is send away an e-mail or do a quick call to the company and the rebate's on its way.

I think that if they eliminate this system, they really should some up with something comparable. I've saved lots of money and got a lot of free things with rebates!

Edit: Also, people like Circuit City already assist you with rebates. The receipts they print for you already have all of your information on it already (if you use a credit card and they have your info on file, I believe) and they print you out extra receipts do that you don't have to make any copies. Makes it really easy.
#20 SquareSoft0 on 02 Apr 2005 - 23:35
That's why I love Fry's, you just give them an address and a name then they do the rest for all rebates.
#21 SoulEata on 02 Apr 2005 - 23:37
what the ****. who hates getting their money back?!!!!!!!!!!!!!!!!!!!!!!!!
#22 rIaHc3 on 03 Apr 2005 - 00:26
I also have never had a problem with Best Buy's rebate system. About a year ago, I bought my graphics card at Best Buy and the $50 rebate came in 1 1/2-2 weeks. If you fill out the mail-in rebate quickly and sloppy they dont understand your writing and your order gets delayed and/or lost. Its not their fault its yours.
#23 hardgiant on 03 Apr 2005 - 00:43
We better get Instant Rebates !!!!!!!!!!!!!!!!!!!!!!!!!

#24 bskll on 03 Apr 2005 - 01:10
the reason they have rebates is to keep cash on hand as long as possible.
#25 cheesegoduk on 03 Apr 2005 - 01:12
Why bother with rebates?? why not make the goods cheaper in the first place?? :|
#26 bskll on 03 Apr 2005 - 01:13
because the company/store wants to keep cash on hand as long as possible to do expansion/improvement/profit.
#27 Dale on 03 Apr 2005 - 01:57
noo.. hopefully they will take rebates off of price
#28 ThaCrip on 03 Apr 2005 - 02:09
ABOUT DAMN TIME THEY GETTING RID OF THESE STUPID REBATES!!! there a pain in the @$$ , they just need to offer lower prices on the stuff right off the bat instead of bothering u with rebates.. cause me personally i stoped buying electronic stuff (mainly PC related stuff) from best buy cause it's just easier and quicker to get stuff online and NO REBATES to deal with

like cd-r's are a perfect example... say like best buy offers 100pack of cd-r's for like 10 dollars after mail in rebates, but up front u gotta spend like 30 dollars ... i would just say screw this and goto a place online and buy them for like 20 dollars (or cheaper) and aint gotta deal with the rebates... and im sure theres alot of people that feel just like me to

NO ONE LIKES REBATES about time they caught on.
#29 Spartan_X on 03 Apr 2005 - 02:13
mail-in rebates is the base for todays "phishing" practices... they just do it the old way (analog phishing) by making you fill the forms...
#30 ArtOf_War on 03 Apr 2005 - 02:14
would be nuice if they offered you to get 90% of the rebate value on the spot from the store and they take care of the Mail-In rebate process
#31 thetruth on 03 Apr 2005 - 02:38
hooray!!!! i hate Rebates
(3 replies) #32 SoulEata on 03 Apr 2005 - 03:34
I'm confused as to why so many hate rebates. Is filling out your name an address, then licking a stamp so damn hard?
#32.1 VikingStorm on 03 Apr 2005 - 03:42
I think it's more of the fact that a good number take a long time to arrive/never arrive (except you have forgotten about it). I sent in a $15 mail-in rebate for a Netgear switch last August. Still has yet to get here.
#32.2 SoulEata on 03 Apr 2005 - 17:51
i've never had a problem with best buy rebates. I sent in a Fry's rebate in December. Havent gotten it yet.
#32.3 SquareSoft0 on 04 Apr 2005 - 10:57
If you're doing a rebate through Fry's you don't "send it out." All rebates through them are done in the store and sent out by them, maybe you meant you did a rebate that was offered directly from the manufacturer?
(1 reply) #33 KXM on 03 Apr 2005 - 04:38
I think this is BS. I'm a slaes manager at the big BB, and have yet to hear anything about this.

Also StarTribune lists no source. - short of some 'quotes' - It's not on our website, and none of the 'higher-ups' in my store have heard anything about this. I talked to our reginal manager today, and he said it'd never happen. The other sotres would eat us alive, and the OEM's would never go for it. Genrally speaking they let us know about this stuff. BestBuy is really open - too open if you ask me - with it's employies.

I'd take this with a grain of salt.

Here's our corpotate news page:
http://communications.bestbuy.com/pressroom/

There is also a BB press outlet, but I can't remember it's site. If I recall correctly, it's not on bestbuy.com. If it's not on the press site, this story is BS.
#33.1 excalpius on 03 Apr 2005 - 06:31
if it isn't true, then it is a shame...have you noticed that this is 99% negative feedback on a business practice for a store generally regarded higher...except for this? As a sales manager for a big BB, you might want to float these comments up the ladder.
#34 TC17 on 03 Apr 2005 - 06:40
I would doubt BB would do this also. For one thing, they can't control other companies offering rebates on their products.

Let alone the fact that BestBuy rips people off as it is. They ripped me off this past Christmas from a gift card I should have received but didn't thanks to them.

And just recently they were all over the local news where I live, for ripping some guy off who purchased a TV from them, only to get it home and find the 30" TV he thought he bought, was replaced inside the box with a used 13". BestBuy refused to give his money back also, so the local TV station got involved, and even their corporate HQ's refused to help until the TV station contacted them. They are thieves in my eyes.
#35 trashpickinman on 03 Apr 2005 - 06:49
Although I dont use them that often, I kind of like rebates. I am always very careful about sending them in on time and about keeping multiple copies of everything requested in a safe place in case they dont accept it the first time, so I can provide proof and complain if they deny my claim. Its always nice to have check show up in your mailbox unexpectedly, usually its enough money to go out to eat or buy a case of beer; which is always nice.
#36 esaleris on 03 Apr 2005 - 06:55
If KXM is right, then we have nothing to worry about.

As far as rebates go, one of the main strategic reasons for offering rebates is to directly pass on the savings to the consumer. If you lower the price of your goods in the form of a sale at the wholesale level, the retail chains will try to stock up on your units, making you lose money on products that would otherwise be bought at higher wholesale prices.

The way rebates work is that the manufacturer can advertise their products and get increased volume, without losing revenue from retail stores. So if BB was to eliminate rebates, that would mean the manufacturer would have less incentives to pass ANY savings onto the retail stores or the end consumer.
#37 KxLiquid on 03 Apr 2005 - 07:18
I think this is very good. I have always believed that price should just be lowered.
(2 replies) #38 amdme3200 on 03 Apr 2005 - 07:20
Why is the post disabled for John paul 2?
#38.1 SquareSoft0 on 03 Apr 2005 - 07:31
The high chance of some jerk like me to make obscene jokes about it.
#38.2 lare2 on 03 Apr 2005 - 08:14
^^ indeed, it was disabled so the inmature people won't do that
#39 Tokar on 03 Apr 2005 - 08:20
All I can say is...

Excellent...now i dont have to worry about Best Buy Black Friday rush anymore...

Are you sure this isnt a move to follow Staples?
Staples has online rebates...the process is DAMN easy. I hate paper rebates. I would figure all companies would move to that. Just enter in the UPC and the purchase number and boom...its done.
#40 cork1958 on 03 Apr 2005 - 13:20
It's about dang time they quit doing this. I always considered it a real pain.
#41 welshkid on 03 Apr 2005 - 22:23
glad they didnt bother with rebates in the uk

look like too much hassle
#42 redmustang on 04 Apr 2005 - 05:05
I'm glad Best Buy is going to phase out the use of rebates. Since Best Buy is the largest electronics retailer in the United States hopefully it will send a message to the vendors that this form of advertising will no longer be acceptable. Now time for the people who run the dishonest clearinghouses (who are pretty much responsible for 99% of the complaints generated concerning rebates, the other 1% being the existence of rebates themselves) to find more honest employment and maybe the vendors will get the message that fair pricing is definitely a more attractive alternative for the consumer. I also hope now my company (I work for a computer retailer as well, though none of the 3 mentioned in the article) will think along the same lines.
#43 KZWings on 04 Apr 2005 - 14:11
Bought a 120GB Western Digital last summer some time...still have yet to see my $40 rebate.

Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!

Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.

Advertisement (Why?)