October 29, 2015 14:30 ET

Leading Cash Back Site Ebates.ru Joins Forces with Yandex.Money

TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) -

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Ebates.com, a pioneer and leader in online cash back shopping is furthering its expansion into Russia by partnering with the local leading payment service Yandex.Money. Ebates.ru members can shop online or on their mobile phones and receive a percentage of their purchases back in cash - and now they can get that cash sent directly to their e-wallets.

"We're delighted to be working with Yandex.Money as it now means their 22 million users can begin to enjoy cash back, online coupons and exclusive offers from hundreds of their favourite retailers like AliExpress!" said Ebates.ru General Manager, Adrienne Down Coulson.

Currently, Ebates.ru works with more than 575 online stores and the company is continually working hard to add new stores - both international and Russian - to further expand its offering. To date, Ebates worldwide members have earned $427 million in rewards since 1998.

In Russia, users can receive up to 16% cash back on their online purchases. Cash back rewards are paid out everything three months to user's Yandex.Money e-wallets.

San Francisco-based Ebates.com started its international expansion with Canada and then made a move toward Asia (China, Korea, and Singapore). Russia became the first European country, where Ebates operates on a substantial level, launching a web site, adopting local currencies and collaborating with online merchants. In 2014, Ebates was acquired by Japanese online retail giant Rakuten for $1 billion.

Yandex.Money is the largest payment service in Russia, according to a TNS survey in 2015. The service hosts about 22 million user accounts with about 12,000 new accounts opened daily. The service also offers online stores Yandex Payment Solution for accepting online payments by all the methods most popular among residents of Russia and other CIS countries: credit cards, e-wallets, mobile billing through the top Russia/CIS providers, and cash via over 170,000 cash-acceptance points all over Russia. Currently, over 76,000 online stores use Yandex Payment Solution.

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Contact Information

  • Sari Friedman