@rebatebox
How Do Rebates Work?
Rebates can be looked at from the supplier side and the customer side to see how they work.
Let’s see each perspective:
Customer Point of View: Sellers or manufacturers offer a rebate to customers. Customers have to save the receipt and submit a claim to receive the rebate. Once the seller verifies the claim and it meets the conditions of the rebate, the finances are processed and returned to the customer in the form of a check, credit for future purchases, or direct deposit.
Supplier Point of View: In B2B relationships, suppliers must outline the contractual agreement to specify the rebate eligibility requirements. The supplier then has to track the purchases to make sure the conditions have been met. Once the target is achieved, suppliers must issue the rebate.