What is rebating?

Rebating is a practice in which a buyer receives a portion of the cost of a product or service as a refund after the purchase has been made. This refund is typically a percentage of the purchase price, and is offered by the seller as an incentive to attract customers. Rebates are commonly found in the retail industry, but can also be offered for services such as insurance or utilities.

Rebates are often used as a marketing tactic to increase sales, as they give customers an extra incentive to make a purchase. They can also help businesses track the effectiveness of their advertising campaigns, as customers are usually required to submit proof of purchase in order to receive the rebate.

It's important for customers to carefully read the terms and conditions of a rebate offer, as they often have specific requirements such as deadlines for submission and restrictions on the types of purchases that qualify. Additionally, some rebates may come in the form of prepaid debit cards or vouchers, which can have expiration dates or other limitations.

Overall, rebates can be a great way for customers to save money on purchases, but it's important to be diligent in following the necessary steps to ensure that the rebate is received.