Groupon is a website and mobile app that offers coupons, cashback on purchases and group deals to consumers. The word Groupon is a portmanteau of the words group and coupon. The company partners with providers of goods and services by hosting a discount deal and keeping a percentage of the profit as a marketing fee.
What is the business model of Groupon?
Groupon generates money through the sale of vouchers and card-linked deals, which connect consumers with local businesses. The company also sells goods directly to consumers in many cases. Groupon has shifted its focus toward card-linked deals in an effort to streamline the process for customers.
Are Groupon deals legit?
Groupon is definitely a legit company. It was founded in 2008, and since then, has grown to serve almost 50 million active users. Very few people have issues using these online coupons due to the fact that as soon as a fraudulent offer is revealed by one user, it would be removed instantly.
Why do businesses use Groupon?
Businesses can use Groupon to promote discounts (vouchers) for services and products. Essentially, Groupon is a middleman that wants to connect you with people who will buy your services and products, because the more that people buy from you, the more money Groupon makes.
Is there a fee for Groupon?
Groupon, founded in 2008, bills itself as a cash-back, online discount product and service platform that gives your money back when company consumers claim a deal. Theres no cost to claim a deal, and once a consumer makes a claim on a deal, the deal can be used on an unlimited basis during the offer period.
How long do Groupon refunds take?
Groupon typically processes refunds in 1-2 business days but it can take up to a maximum of two weeks. You will receive an email from Groupon titled Your Refund Has Been Processed. After your refund has been processed, it can take up to 10 business days for the credit to show on your credit card statement.