Extrabux is a cash back website created in the spring semester of 2006 by two USC Sophomores, Noah Auerhahn and Jeff Nobbs; both are currently enrolled in the Marshall School of Business
Released on = February 4, 2007, 12:27 am
Press Release Author = Extrabux.com
Industry = Consumer Services
Press Release Summary = Extrabux is a completely free online shopping portal with links to nearly five hundred different websites. Almost any product or service can be found at one of our partner sites. Any time a user clicks our link to one of these websites, we earn sales commission from that website on anything the user purchases. Rather than keep this commission, we give it back to the user. You can essentially earn money back on all your online purchases. The users account balance will continue to grow the more they shop online and at the user's request, we will send the user (or the charity of the user's choice) a check for the amount earned. Or, the user can opt to receive payments via PayPal and we will deposit the earnings into their PayPal account. On top of that, we provide the user with valuable coupons and offers that can be used to help our users save even more money.
Press Release Body = *A simple way of looking at it Imagine. You just arrived at your favorite shopping mall and someone approaches you and offers to escort you to the store of your choice. You name the store and the escort walks you right to the store\'s front door. To encourage the escort to bring more shoppers like you, the store decides to give the escort 15% of whatever you spend. You spend $100 and accordingly the store gives $15 to the escort. The escort could keep the money, but instead only keeps $1, and gives the rest ($14) to you!
*When someone visits our website for the first time, all that person needs to do to start earning cash back is register. Registration only requires an email address, password, and a mailing address or PayPal account. A mailing address is required only to send the user checks. The only emails we send are confirmation emails and a monthly newsletter. Once registered, a user that wishes to shop online must simply go to Extrabux, sign in, and click on the link of the store where they wish to shop. From there, the shopping experience is the same as if the user had gone directly to the merchant site.
*How we make our money. Extrabux keeps a small portion of every purchase made through our website. Each store gives us a varying commission (in the form of a percentage or flat rate). We usually take around one percent of each sale unless the commission is greater than 15%. In that case we keep 2-5%.
*Extrabux works with charities by allowing its users the opportunity to donate their money to charity. In addition, there are a few sites such as Amazon.com that don't allow us to track who makes the purchase. For these sites we still earn a commission, but because we don't know who made the purchase we cannot give cash back. Instead of just keeping this commission, we select a different charity each month to which we give the commission.
*It is a win-win-win situation. If you are going to make an online purchase, there is no reason you shouldn't go through Extrabux first. Anyone can and everyone should use Extrabux.com. Help us give you, your friends and family, and your favorite charity money.
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