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Share offers increased tenfold

Posted: Tue Nov 23, 2010 3:10 pm
by richard@imutual
We've had feedback from some of you about changing the number of shares offered; specifically to avoid the problem where members just miss out on a share because their order value is slightly under the required amount. e.g. we offer 1 share per £20 spent and your order comes to £19.99 meaning you just miss out on a share

There have been some good suggestions from our members to solve this, including the idea that part-shares (or "shards") could be accumulated for transactions like this. But in the interests of simplicity, we have decided that the best solution to this is to increase ALL share rewards by 10 i.e. you now get ten times as many shares as you used to. Additionally, when calculating shares per £ spent we will round the order value (as reported by the merchant) to the nearest £1

So in the above example the offer would change from "1 share per £20 spent" to "1 share per £2 spent" and a purchase of £19.99 would earn 10 shares.

All offers of a fixed number of shares have been similarly increased e.g. if we were offering 50 shares for a certain kind of transaction before, we are now offering 500 shares. This has also been applied to the joining, tell-a-friend and post-of-the-month bonuses (up from 10 to 100 shares).

And we are applying this increase retrospectively to all previous transactions (by awarding extra shares), so that nobody who has already earned shares misses out :thumbup:

These increases will be reflected on your statement over the next 24 hours and when we next send you an up-to-date share certificate

I hope you agree that this change makes the share offers fairer for all members. As always, we're happy to hear your feedback and field your questions :)

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 4:40 pm
by Bruce
This is very good news. Any chance of multiplying the cash offers by 10? :lol: 8-) :D

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 4:57 pm
by colsey
My shares have now increased x10, am I right in thinking that over the next 24hrs the amount of shares previously awarded is going to change, i.e if it was 1 share for a £30 spend and I spent £15 I was awarded 0 shares, now it is a share for a £3 spend I would be awarded 5 shares.

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 4:59 pm
by cccashbacklover
How much are the shares currently worth please. :)

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 4:59 pm
by colsey
shares value = 0.00p

Potentially priceless

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 5:08 pm
by cccashbacklover
colsey wrote:shares value = 0.00p

Potentially priceless

Ty 4 info :D I guess its Monopoly RY version 2010 :lol:

Re: Share offers increased tenfold

Posted: Tue Nov 23, 2010 6:17 pm
by richard@imutual
See How much are shares worth?
colsey wrote:My shares have now increased x10, am I right in thinking that over the next 24hrs the amount of shares previously awarded is going to change, i.e if it was 1 share for a £30 spend and I spent £15 I was awarded 0 shares, now it is a share for a £3 spend I would be awarded 5 shares.
That is correct, your transactions should be updated by COB tomorrow

Re: Share offers increased tenfold

Posted: Wed Nov 24, 2010 11:07 pm
by Ric
richard@imutual wrote:See How much are shares worth?
colsey wrote:My shares have now increased x10, am I right in thinking that over the next 24hrs the amount of shares previously awarded is going to change, i.e if it was 1 share for a £30 spend and I spent £15 I was awarded 0 shares, now it is a share for a £3 spend I would be awarded 5 shares.
That is correct, your transactions should be updated by COB tomorrow
Didn't happen. :roll:

Re: Share offers increased tenfold

Posted: Thu Nov 25, 2010 9:12 am
by richard@imutual
Was a bit more complicated than I expected but you should find that all transactions have been suitably adjusted now :thumbup:

Re: Share offers increased tenfold

Posted: Thu Nov 25, 2010 9:40 am
by Ric
richard@imutual wrote:Was a bit more complicated than I expected but you should find that all transactions have been suitably adjusted now :thumbup:
All looks fine except there is 1 share missing from my ebookers transaction (claim) of 02 Oct :mrgreen: