PayPal to acquire shopping and rewards platform Honey for $4B

Re:PayPal to acquire shopping and rewards platform Honey for... by sparky_z on Thursday November 21, 2019 @12:33AM (#21591699)

I have no special knowledge about Honey, but I think the distinction being made is that Honey redirects them to a _new_ seller that offers a cheaper price, essentially poaching the customer. The blog's affiliate never makes a sale in the first place so of course it never pays out.

For the blog, the outcome is the same as if you took the time to price shop manually and ended up picking a different retailer. Honey's just automating that process.

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Re:PayPal to acquire shopping and rewards platform Honey for... by viraptor on Thursday November 21, 2019 @01:38AM (#21591927)

No, that's not correct. You can get rewards from the page you're already on, whether it's the cheapest or not. You're not redirected and you're not incentivised to switch the retailer.

I'm getting their points from doing online grocery order directly from the supermarket site for example.

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Re:PayPal to acquire shopping and rewards platform Honey for... by sparky_z on Thursday November 21, 2019 @03:16AM (#21592294)

But is that superceding another site's affiliate link, or did you just go straight to the website yourself?

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Re:PayPal to acquire shopping and rewards platform Honey for... by viraptor on Thursday November 21, 2019 @04:52AM (#21592696)

I'm going directly to the website.

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Re:PayPal to acquire shopping and rewards platform Honey for... by dillonmckay on Thursday November 21, 2019 @07:54AM (#21593553)

How do they (Honey) know, though?

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Re:PayPal to acquire shopping and rewards platform Honey for... by IanCal on Thursday November 21, 2019 @10:27AM (#21595002)

It's a browser extension.

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Re:PayPal to acquire shopping and rewards platform Honey for... by joking on Friday November 22, 2019 @04:03AM (#21604017)

Ok, I get how they do technically, but how the shops let honey insert they affiliate id and take a cut when the user has come directly from a newsletter?

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Re:PayPal to acquire shopping and rewards platform Honey for... by lamps12 on Thursday November 21, 2019 @01:09AM (#21591828)

> the distinction being made is that Honey redirects them to a _new_ seller that offers a cheaper price, essentially poaching the customer. The blog's affiliate never makes a sale in the first place so of course it never pays out.

Based on what you surmised, Honey essentially acts as a middle man between two businesses. Did I get that right or am I missing something here?

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