No it doesn't,exactly correct,BUT make sure you go to live.com BEFORE YOU SHOP,WITH THE ITEM NUMBER,THEN BUY!
Here's more of a step-by-step and things to make sure happen:
1.Visit Microsoft Live Search:
www.live.com
2.In the Live Search box, enter your search for a product*.
3.Click on any eligible eBay-sponsored ad. This brings you to the eBay site.
Important: Your cashback offer will be good for 60 minutes from the time you click the ad and arrive on eBay.com. You must complete a purchase on eBay of any eligible items within 60 minutes of clicking the ad. For definition of eligible items and conditions, see Terms of Use.
4.Look for your cashback rebate percentage at the top of the eBay page (you MUST see this for it to apply. Dont see it? Log out of ebay and return to step #1).
5.After you purchase an eligible item and pay for it with PayPal, go to My Messages in My eBay for an email with instructions on how to claim your cashback.
Important: You must click the Get cashback button in the email.
6.You now need to use the link in your My Messages to link a PayPal Account with your Microsoft Rebate Center Account.
Once you have linked these accounts, it may take a few days for the eBay purchase to be seen in your Microsoft Rebate Center account.
7.Microsoft will deposit your cashback redemption into your PayPal account 60 days after the eBay transaction has successfully completed including payment. Once payment is requested, it may take up to 14 days to show up in your PayPal account.
*As of this posting, there is a loophole in how the cashback behaves. If you search a bunch of terms (like macbook, apple tv, etc) you will see that the % off changes for each item. Currently, if you click on the highest percent off to get taken to eBay,
you will retain that higher % off, no matter what you actually end up purchasing.
As of 11/29 searching for Oscar grouch will get you the 30%!