Come to the 21st Century S&W

[glenncal1]

So Bud's Guns had a pretty good price on a 648, plus you get a $75 rebate from S&W, so I ordered one that I picked up from FFL today. The S&W website makes it extremely easy to apply for the rebate, so request in. I am thinking this is pretty smooth.

I get the confirmation email from S&W and it says it takes 8-10 weeks to process the request. Kind of like when you ordered something off a cereal box when you were a kid.

 

[NYlakesider]

So Bud's Guns had a pretty good price on a 648, plus you get a $75 rebate from S&W, so I ordered one that I picked up from FFL today. The S&W website makes it extremely easy to apply for the rebate, so request in. I am thinking this is pretty smooth.

I get the confirmation email from S&W and it says it takes 8-10 weeks to process the request. Kind of like when you ordered something off a cereal box when you were a kid.

Their doing you a favor, giving you a lot of time to figure out what your next S&W purchase will be.

 

[swsig]

S&W is making money on the "float". That's the gap between the time they became obligated to pay you, and the time they actually pay you. Multiply that times the number of buyers who have submitted requests for rebates, and a lot of interest can be earned during the float period. The longer the float period, the more money they can make. I'm guessing someone at S&W figured 10 weeks was about as long as they could hold the float before customers got mad. Thus, I don't think the gap is about technology, it's about S&W holding on to your money as long as they can.

 

[Kevin J.]

8-10 weeks before you can use it to buy another gun??? I think someone's wife is in charge of this program .

 

[Kinman]

I have a friend that is addicted to Randall knives, he will make up an order and place it, sometimes he waits a good long time for one he ordered a few months ago. According to him every day is sorta like Christmas when he gets the mail, never really knowing when one is coming in.

 

[pasound]

Not surprising that S&W's accountants build that into the "deal". Float is the billing company's best friend. I have to pay two of my utility bills using a service called Doxo. It's that, or immediately spend nearly $1.00 extra just to make and mail a check. Doxo takes the money from my bank immediately, but then sits on it 4-5 days in "escrow", earning interest. I was taught how to do that in Business Administration classes in college over 50 years ago.