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Old 03-30-2009, 02:36 PM   #1
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I *so* did not need this temptation...Fictionwise 50% Micropay Rebate on all eBooks

From the site:

NO FOOLING: 50% Micropay Rebate on all eBooks through Wednesday!
Oh what fools these mortals be! Our accountant thought it was an April Fool's Day joke, but no, it's true: every eBook at Fictionwise now sports a 50% Micropay Rebate when paying by credit or PayPal transaction. But don't tarry: savings this impressive cannot last long; you have only through Wednesday, April 1. After that, our accountant's meds wear off and he will force us to shut down this sale. Don’t forget that you get a bonus 5% rebate when you buy Secure eReader eBooks!

Fine print: Micropay Rebates are store credits, not refundable in cash. This offer only applies to eBooks, not eMagazine subscriptions, club memberships, or other non-eBook items. For complete details see the Micropay Rebate FAQ.
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Old 03-30-2009, 03:32 PM   #2
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Old 03-30-2009, 06:39 PM   #3
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Just my luck. Almost running out of books to read I bought some from FW yesterday thinking 30% Micropay is pretty awesome. Has FW offered higher than 50% Micropay? Just wondering should I wait for a better deal.
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Old 03-30-2009, 07:40 PM   #4
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Has FW offered higher than 50% Micropay? Just wondering should I wait for a better deal.
There was a 60% sale around Christmas time IIRC
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Old 03-31-2009, 12:25 AM   #5
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Just my luck. Almost running out of books to read I bought some from FW yesterday thinking 30% Micropay is pretty awesome. Has FW offered higher than 50% Micropay? Just wondering should I wait for a better deal.
I'm getting rather peeved with FW, it seems like every time I buy stuff, they turn around and up the Micropay rebate. I don't think they'll top this one soon, though.
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Old 03-31-2009, 12:29 AM   #6
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Old 03-31-2009, 01:54 AM   #7
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Originally Posted by bgalbrecht View Post
I'm getting rather peeved with FW, it seems like every time I buy stuff, they turn around and up the Micropay rebate. I don't think they'll top this one soon, though.

Yeah.

There is certainly not a bad problem to have, though!
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Old 03-31-2009, 02:08 AM   #8
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I just don't see how they're making any money, though...

I just bought $203.00 worth of books...and, after the 50%, plus the 5% for buying the first day and 5% for buying eReader (and I think two of the books were 100% rebates), I got a rebate of $163.00.

Who takes that hit? Is it Fictionwise? Do the authors/publishers "lose" a part of the cut? I have to think it's like Amazon's $9.99 "loss-leaders" - and Amazon is taking the loss, but it feels like I've been getting deals like this from Fictionwise for about the last 6 months.

I just hope it's not at the authors' expense. I want them to keep writing!

Last edited by FizzyWater; 03-31-2009 at 02:10 AM.
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Old 03-31-2009, 05:12 AM   #9
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Fictionwise pay 50% of the list price to the publishers. So you'd think they're losing money on a 50% rebate with 15% club discount and 5% eReader rebate. But not so.

Why? because when you spend the micropay you don't get the discount.

Suppose you want to buy three books, each costing $10.
(e.g.
http://www.fictionwise.com/ebooks/eBook25136.htm
http://www.fictionwise.com/eBooks/eBook65249.htm
http://www.fictionwise.com/ebooks/eBook8075.htm)

Now, you're a member of the buywise club (15% discount) and they're on 50% rebate, and you're buying secure eReader format (5%)

You buy two with a credit card. That costs $17, and you get back $9.36 in micropay. (9.36 = 4.25+4.25+0.43+0.43: 50% - 4.25 on each book and 5% - 0.425 rounded to 0.43 on each book)

Then you buy the third with your micropay rebate - that costs $8.50 in micropay.

So - you end up with three books for $17, with $0.86 in micropay left
Fictionwise pays out $15 to the publishers
Fictionwise end up with get $2 - eventually $1.14 when you finally spend that micropay. Oh - and a very happy (repeat) customer.

I suspect that on the 100% micropay rebate they might have a deal with the publishers.

Essentially, 50% rebate is "3 for 2" and 100% rebate is "2 for 1"

Quote:
Originally Posted by FizzyWater View Post
I just don't see how they're making any money, though...

I just bought $203.00 worth of books...and, after the 50%, plus the 5% for buying the first day and 5% for buying eReader (and I think two of the books were 100% rebates), I got a rebate of $163.00.

Who takes that hit? Is it Fictionwise? Do the authors/publishers "lose" a part of the cut? I have to think it's like Amazon's $9.99 "loss-leaders" - and Amazon is taking the loss, but it feels like I've been getting deals like this from Fictionwise for about the last 6 months.

I just hope it's not at the authors' expense. I want them to keep writing!
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Old 03-31-2009, 06:24 AM   #10
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Quote:
Originally Posted by bgalbrecht View Post
I'm getting rather peeved with FW, it seems like every time I buy stuff, they turn around and up the Micropay rebate. I don't think they'll top this one soon, though.
So am I. I just purchased over $50 worth of books on Saturday.
Missed out again. Blast.

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Old 03-31-2009, 07:18 AM   #11
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And to finish me off the next in the Lost Fleet series available as a preorder. Oh well.
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Old 03-31-2009, 03:27 PM   #12
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It would help me purchasing if they accepted micropay. Only real money they want. They do...
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Old 03-31-2009, 06:49 PM   #13
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I just saw this promotion and I was furious as it has completely replaced the SF promotion that was supposed to last through the 31st. That discount DID apply when purchasing with micropay and applied to magazine subscriptions. I'm going to spend a lot less with Fictionwise because this promotion doesn't apply to what I was going to spend my money on while the one they removed early and unannounced did.
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Old 03-31-2009, 07:33 PM   #14
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Does this apply to eBookwise which (I think) is part of Fictionwise? or are they separate?
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Old 03-31-2009, 08:09 PM   #15
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"Just when I thought I was out, they pull me back in." Actually, I keep such a big wish list on FW, I'm always ready for a good sale. However, I have to figure out my strategy...do I pay with my CC for the more expensive books on my WL, or buy more of the inexpensive ones. What's the best strategy for building up Micropay $$$, which to me is kind of like a rainy day fund.
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