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🔍 What Is a Rebate Voucher?

In general, a rebate voucher is a document or digital code provided by a seller or service provider that entitles the buyer to a refund of part of the purchase price after the sale is completed. This refund can be issued in various forms, such as cash, credit, or future discounts. Rebate vouchers are commonly used as marketing strategies to boost sales and encourage customer loyalty. 

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💡 How Do Rebate Vouchers Work?

The process typically involves the following steps:

1. Purchase: The customer buys a product or service at full price.

2. Redemption: The customer submits a claim for the rebate, often providing proof of purchase.

3. Refund: Upon approval, the customer receives a refund or credit as specified in the voucher terms.  

For example, in the context of cryptocurrency trading platforms like Binance, a trading fee rebate voucher allows users to offset trading fees. If a user has a $100 rebate voucher and incurs a $1 trading fee, the fee is deducted from the voucher balance, leaving $99 for future use. 

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🆚 Rebate vs. Discount

It’s important to distinguish between rebates and discounts: 

• Discount: An immediate reduction in the purchase price at the time of sale.

• Rebate: A refund provided after the purchase, often requiring the customer to take additional steps to claim it. 

While discounts reduce the upfront cost, rebates offer savings after the transaction is completed.

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✅ Key Takeaways

• Rebate vouchers are incentives that provide partial refunds after a purchase.

• They are used to encourage purchases and reward customer loyalty.

• Claiming a rebate often requires submitting proof of purchase.

• Rebates differ from discounts in that they are applied after the sale, not during.