Rebate processing is a practice used by many companies to provide customers with a financial incentive for purchasing products or services. Generally, the rebate process involves a customer applying for reimbursement after purchasing the product or service. The company then evaluates the application, verifies the purchase, and issues a payment back to the customer through cash, store credit, direct deposit, or a discount on their next purchase. The rebate process includes several steps to ensure the accuracy and authenticity of any submitted requests. In retail companies, customers must submit an application detailing their purchase and proof of purchase, such as an itemized receipt or invoice. Companies will then review these submissions to verify eligibility for the rebate offer and ensure the customer meets all requirements before issuing payment. In B2B companies, rebate management software automates this process by tracking purchases and automatically issuing rebates once eligibility requirements are met.