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SAN FRANCISCO, Nov 6 (Reuters) - PayPal, the most popular online payment system, on Monday said it will pay up to $100 million in promotional incentives to customers who use the service on up to 100,000 merchant sites in North America.
In a statement, the unit of online marketplace eBay Inc. (EBAY.O: Quote, Profile, Research) said millions of PayPal customers will be eligible to receive cash rebate offers up to $20 when paying with PayPal from Nov. 23 through May 15, 2007.
Qualifying merchants include the sites of Barnes & Noble Inc. (BKS.N: Quote, Profile, Research), Dell Inc. (DELL.O: Quote, Profile, Research), Petsmart Inc. (PETM.O: Quote, Profile, Research), Starbucks Corp. (SBUX.O: Quote, Profile, Research), Art.com and a portion of the Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) site, PayPal's site said.
A free shipping promotion also begins on Nov. 23.
Shares of eBay were up 59 cents, or 1.8 percent, to $32.98 in early trading on Nasdaq on Monday.
SAN FRANCISCO, Nov 6 (Reuters) - PayPal, the most popular online payment system, on Monday said it will pay up to $100 million in promotional incentives to customers who use the service on up to 100,000 merchant sites in North America.
In a statement, the unit of online marketplace eBay Inc. (EBAY.O: Quote, Profile, Research) said millions of PayPal customers will be eligible to receive cash rebate offers up to $20 when paying with PayPal from Nov. 23 through May 15, 2007.
Qualifying merchants include the sites of Barnes & Noble Inc. (BKS.N: Quote, Profile, Research), Dell Inc. (DELL.O: Quote, Profile, Research), Petsmart Inc. (PETM.O: Quote, Profile, Research), Starbucks Corp. (SBUX.O: Quote, Profile, Research), Art.com and a portion of the Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) site, PayPal's site said.
A free shipping promotion also begins on Nov. 23.
Shares of eBay were up 59 cents, or 1.8 percent, to $32.98 in early trading on Nasdaq on Monday.