What is the definition for mail-in rebate?

Answer 1

Simple; Its a refund of a overpayment. They could of sold it to you for 15 dollars but priced it at 20 dollars with a promise to return 5 dollars in 30 60 days, a rebate.

Answer 2

You pay the price listed (rebate not included), then mail your receipt and a form to another place (usually the corporate office of the store or manufacturer), and they send you a check for the rebate amount.

Answer 3

Unless its a substantial dollar amount, like computer bundle rebates, I'd call it Fool's Gold. With the cost of a stamp it amazes me that people will mail for a $1.00 rebate! I work retail (no condolences necessary) and you can't imagine how many people will mail for this little. Too much time on their hands.

Answer 4

When you buy something with a mail in coupon. You pay full price at the store, then you fill out the coupon, sometimes they want a proof, or several proofs of purchase, send in, they send you a few bucks back, they let you know when you buy on the box or receipt.

Answer 5

a tangible thing, ususaly a coupon sized paper, that a consumer must put contact and purchase information on and mail to an entity, usually a manufacturer of a product, in order to receive funds (usually a cashiers check) promised in exchange for the purchase of the item.