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Helpful ReplyImportant Update to the EVGA Bucks Program

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B0baganoosh
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Re: Important Update to the EVGA Bucks Program 2022/06/13 13:25:27 (permalink)
lmcke169
B0baganoosh
z999z3mystorys
What will happen to any EVGA bucks between now and September the 13th? If I were to say cash out now, then earn more EVGA after that, what would happen to them? I'm also wondering when all means of earning EVGA bucks will be halted as well, if it's the same September 13th date, or earlier.



That was today. You can't earn any more. The pending ones will be given to you within 6-10 days, but you won't earn any more. You just have until September 13th to spend them, cash out for half their value, or donate them to charity.



From the email this morning
  • Any pending rewards for purchases made with your Associates code prior to June 13th, 2022 will be approved and added to your balance within 7-10 business days.
  • Your Associates code will still provide discounts for purchases at EVGA.com.

 
Exactly. 

6Q6CPFHPBPCU691 is a discount code anyone can use.
 
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#31
MattyMattMatt
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Re: Important Update to the EVGA Bucks Program 2022/06/13 13:48:48 (permalink)
transdogmifier
Pathetic. As I've said before you're becoming every other manufacturer. My loyalty is dead.
 
And btw, not letting ME choose the charity? That's extremely asinine..I don't' want donate to some leftist garbage, thanks.
 


Wow dude, you're terrible.
St. Jude Children’s Research Hospitalis leftist garbage? You're crazy.


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#32
cjake
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Re: Important Update to the EVGA Bucks Program 2022/06/13 14:59:02 (permalink)
enewt 
Yes, I confirmed with EVGA that for folks over a certain amount (I believe it is $600, but don’t quote me on this specific number), EVGA will require a 1099.  

PayPal is also required to issue a 1099 if payments received for sale of goods or services exceeds $600 over the calendar year.     Hopefully, EVGA and PayPal have this worked out so you don't receive two 1099s.

And if you cash in less than $600 hoping to avoid the 1099 but you received any other PayPal payments during the year, the combination of payments could exceed the $600 threshold and PayPal will issue a 1099.
#33
lmcke169
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Re: Important Update to the EVGA Bucks Program 2022/06/13 15:13:19 (permalink)
cjake
enewt 
Yes, I confirmed with EVGA that for folks over a certain amount (I believe it is $600, but don’t quote me on this specific number), EVGA will require a 1099.  

PayPal is also required to issue a 1099 if payments received for sale of goods or services exceeds $600 over the calendar year.     Hopefully, EVGA and PayPal have this worked out so you don't receive two 1099s.

And if you cash in less than $600 hoping to avoid the 1099 but you received any other PayPal payments during the year, the combination of payments could exceed the $600 threshold and PayPal will issue a 1099.



That is easily handled by an accountant when filing. I had 1099s referencing the same transactions from paypal and another service last year. Paypal will not do a corrected 1099 btw I asked.

You report the income on both like normal and then you add the paypal as a deduction under other expenses as an adjustment I believe. (Not an accountant just trying to remember what mine did last year.)


#34
RogueMaster
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Re: Important Update to the EVGA Bucks Program 2022/06/13 15:22:10 (permalink)
enewt
 
I feel the loss of the Associate program




The silver lining, if you can call it that, is that a certain someone can't beat his troll drums and call you a shill any longer.

I do like that they're keeping the discount program going, however.


#35
tshalev
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Re: Important Update to the EVGA Bucks Program 2022/06/13 15:52:50 (permalink)
How does this work if you're in Canada? I never really use Paypal for anything; does anyone know if I will get hit with any fees or taxes or anything over here?

Thank you to everyone who contributed to the community spreadsheet ☺️. I hope you all get your card soon!
 
If you found the spreadsheet useful, please consider using my associate code for your next purchase:
#36
Chaos_21
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Re: Important Update to the EVGA Bucks Program 2022/06/13 16:41:27 (permalink)
Well, this is just some terrible news! 

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#37
tshalev
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Re: Important Update to the EVGA Bucks Program 2022/06/13 17:15:58 (permalink)
Enewt, did you broker some sort of deal with EVGA? I think you would bankrupt them if you cashed in all your EVGA bucks 😂

Thank you to everyone who contributed to the community spreadsheet ☺️. I hope you all get your card soon!
 
If you found the spreadsheet useful, please consider using my associate code for your next purchase:
#38
z999z3mystorys
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Re: Important Update to the EVGA Bucks Program 2022/06/13 17:49:26 (permalink)
I wonder if they'll add anything new in the future soon, losing a few of the things that make EVGA stand out is disappointing, I'm hoping for something new in the future that might at least be interesting. Maybe adding something to the elite program?
#39
lmcke169
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Re: Important Update to the EVGA Bucks Program 2022/06/13 18:08:03 (permalink)
tshalev
How does this work if you're in Canada? I never really use Paypal for anything; does anyone know if I will get hit with any fees or taxes or anything over here?



Contact EVGA they may be able to set up alternatives such as a wire transfer, check, or direct deposit.


#40
toyboarder
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Re: Important Update to the EVGA Bucks Program 2022/06/13 19:11:28 (permalink)
While this sucks, EVGA was the ONLY manufacturer to come even close to msrp, and they didn’t jack their prices up 10-15% every 6 months like the others. They’re also the only one that did a queue. Nvidia is the bad guy here (and indirectly crypto).

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#41
knicks707
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Re: Important Update to the EVGA Bucks Program 2022/06/13 19:22:08 (permalink)
Zotac is king once again
#42
ty_ger07
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Re: Important Update to the EVGA Bucks Program 2022/06/13 19:59:24 (permalink)
enewt
lmcke169
I assume this will end up as taxable income? Will EVGA provide a 1099?

 
Yes, I confirmed with EVGA that for folks over a certain amount (I believe it is $600, but don’t quote me on this specific number), EVGA will require a 1099.  

Mr. 'EVGA doesn't pay me anything', what did you cash out at? $10,000?

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#43
slugbug
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Re: Important Update to the EVGA Bucks Program 2022/06/13 21:30:49 (permalink)
I used to participate in EVGA's folding team but stopped quite a few years ago. At least I can get some cash with my points now.


#44
djwarreng
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Re: Important Update to the EVGA Bucks Program 2022/06/13 21:36:07 (permalink)
ty_ger07
enewt
lmcke169
I assume this will end up as taxable income? Will EVGA provide a 1099?

 
Yes, I confirmed with EVGA that for folks over a certain amount (I believe it is $600, but don’t quote me on this specific number), EVGA will require a 1099.  

Mr. 'EVGA doesn't pay me anything', what did you cash out at? $10,000?

more like $100k+, and good for him
 
Personally, I can't thank EVGA enough for keeping their Associate and EVGA Bucks programs active throughout the pandemic. Many people, including me, desperately needed some type of camaraderie to keep their morale boosted. We found it here in the EVGA forums, supporting eachother, during the worst chip shortage in the history of this industry. EVGA kept their prices at MSRP, while other manufacturers and resellers made deals with resellers to overcharge based on stock. Best of luck to all of you. I am a 15+ year EVGA customer, and my loyalty is confirmed.
 
Outstanding Work!
#45
Bobmitch
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Re: Important Update to the EVGA Bucks Program 2022/06/13 22:45:13 (permalink)
Nice ride while it lasted...I will remain here. for there are some really great people here...well worth knowing...EVGA still has great support and excellent products.  While other companies gouged prices, EVGA kept theirs realistic and didn't offend.

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#46
MSim
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Re: Important Update to the EVGA Bucks Program 2022/06/13 23:52:36 (permalink)
We were lucky evgabucks program lasted this long.
 
 
 
 
 


 
#47
Caius Wickersham
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Re: Important Update to the EVGA Bucks Program 2022/06/14 00:08:19 (permalink)
Well, didn't have any EVGABucks to give up in the first place, so no big loss.


 
#48
Mylez_
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Re: Important Update to the EVGA Bucks Program 2022/06/14 00:17:17 (permalink)
This is so sad to see, first the warranty now the EVGA bucks. I don't know if your leadership has changed but seriously take a look back and see where you are heading with these decisions, because this will only lead to another MSI.....

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#49
the_Scarlet_one
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Re: Important Update to the EVGA Bucks Program 2022/06/14 05:52:15 (permalink)
MSim
We were lucky evgabucks program lasted this long. 


Very true.
#50
mech9t5
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Re: Important Update to the EVGA Bucks Program 2022/06/14 06:10:12 (permalink)
tshalev
How does this work if you're in Canada? I never really use Paypal for anything; does anyone know if I will get hit with any fees or taxes or anything over here?


Same question.  Would appreciate some clarification from EVGA staff on this.  I do have Paypal, it's just the taxes for Canadians for other income that needs clarification....
post edited by mech9t5 - 2022/06/14 06:12:47

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#51
enewt
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Re: Important Update to the EVGA Bucks Program 2022/06/14 07:09:17 (permalink)
RogueMaster
enewt
I feel the loss of the Associate program

The silver lining, if you can call it that, is that a certain someone can't beat his troll drums and call you a shill any longer.

I do like that they're keeping the discount program going, however.


Yes, keeping the discount program is the real value to the community. Getting a discount off of retail for ordering direct; both EVGA and consumers benefit.

tshalev
Enewt, did you broker some sort of deal with EVGA? I think you would bankrupt them if you cashed in all your EVGA bucks 😂


No, I haven’t and I don’t think I am the one they would be concerned about. Probably the Element35Gaming folks (who did that commercial queue tracker with the registration and giveaways) or the Associate account for the PC forum on Reddit…. I imagine those accounts could appear on the EVGA cap table after this.

ty_ger07]
Mr. 'EVGA doesn't pay me anything', what did you cash out at? $10,000?


Maybe they got the idea from you — in which case, thanks, I guess.

By the way, nice job staying on brand. At least you’re consistent.

djwarreng
more like $100k+, and good for him
 
Personally, I can't thank EVGA enough for keeping their Associate and EVGA Bucks programs active throughout the pandemic. Many people, including me, desperately needed some type of camaraderie to keep their morale boosted. We found it here in the EVGA forums, supporting eachother, during the worst chip shortage in the history of this industry. EVGA kept their prices at MSRP, while other manufacturers and resellers made deals with resellers to overcharge based on stock. Best of luck to all of you. I am a 15+ year EVGA customer, and my loyalty is confirmed.
 
Outstanding Work!


19 years is a long time for a program like this. When the supply chain issues hit, necessitating the queue…so much of their sales moving to their direct-to-consumer channel, I thought was inevitable that we were in the final days of the EVGA bucks program. The fact that the program say 2022 is amazing, in my opinion. And I couldn’t agree more: having this community (including ty_ger07) kept me sane during the long wait for a card…I really appreciated the virtual companionship. I hope that part of the EVGA forums never ends.

Please use my Associate Code at your checkouts for up to 10% discounts on all your EVGA purchases: VDN2319M4O569J4

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#52
Zepppster
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Re: Important Update to the EVGA Bucks Program 2022/06/14 10:51:58 (permalink)
Amazing program while it lasted.  Sad to hear it's going away, but glad I was a part of it!

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#53
Sixie
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Re: Important Update to the EVGA Bucks Program 2022/06/14 12:52:15 (permalink)
that's sad to hear, but what's more sadder is that this is happening at a time where there's literally nothing in stock at the EVGA (EU) store, so you cant make the best out of it even if your forced to use it to a deadline.
sure a few keyboards, a mouse and a capture device... that's it (checked on 14-06-2022)


#54
KingMing
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Re: Important Update to the EVGA Bucks Program 2022/06/14 14:04:35 (permalink)
Is there a way to cancel the cashout request? Didn't see that it would be sent in October and I found something on the webstore that I'd like to buy.
#55
Cool GTX
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Re: Important Update to the EVGA Bucks Program 2022/06/14 14:23:19 (permalink)
KingMing
Is there a way to cancel the cashout request? Didn't see that it would be sent in October and I found something on the webstore that I'd like to buy.


suggest you Call Customer Service

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KingMing
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Re: Important Update to the EVGA Bucks Program 2022/06/14 14:36:15 (permalink)
Cool GTX
KingMing
Is there a way to cancel the cashout request? Didn't see that it would be sent in October and I found something on the webstore that I'd like to buy.


suggest you Call Customer Service


Just got off support. They said unfortunately not since the EVGA Bucks have already been removed from the account. Ah well. I suggest others wait until the last days to accept the form as the points are removed immediately and it appear it won't be paid out until October.
 
Also find it strange that the payout is 50 cent per 1 EVGA Buck. Isn't 1 EVGA Buck supposed to = $1(hence the "Buck")? Anyways. whatever.
post edited by KingMing - 2022/06/14 14:40:36
#57
the_Scarlet_one
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Re: Important Update to the EVGA Bucks Program 2022/06/15 02:08:15 (permalink)
austin86
Well evga support got back with me. They have no options for people that can’t use paypal other the to buy something or donate it. This will definitely influence my future buying choices. I mean just about every bank has zelle and its free…


But not every company has Zelle. As a matter of fact, Zelle is tied to personal account and is not allowed to be used for business transactions, so it wouldn’t be an option.
#58
the_Scarlet_one
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Re: Important Update to the EVGA Bucks Program 2022/06/15 02:10:37 (permalink)
KingMing
Just got off support. They said unfortunately not since the EVGA Bucks have already been removed from the account. Ah well. I suggest others wait until the last days to accept the form as the points are removed immediately and it appear it won't be paid out until October.
 
Also find it strange that the payout is 50 cent per 1 EVGA Buck. Isn't 1 EVGA Buck supposed to = $1(hence the "Buck")? Anyways. whatever.


The fact that EVGA is allowing a cash out option at any rate is surprising. In 19 years, the bucks were only able to be spent on the EVGA store. To get cash out of something you couldn’t previously use anywhere other than the store is a heck of an option.

Chase credit now does 150 points equals $1, for credit card rewards. It use to be 100 points for $1.
post edited by the_Scarlet_one - 2022/06/15 02:12:56
#59
dearley1231
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Re: Important Update to the EVGA Bucks Program 2022/06/15 02:54:20 (permalink)
That's the least amount of money I've given to a cat house. Usually it's about $70 but all to a good cause. 
#60
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