3 ms·
I don't think you're correct about the cash advance - as I recall the merchant only gets paid when the coupon is redeemed. Groupon keeps the float and the break
by patmcguire 14y ago
I don't think you're correct about the cash advance - as I recall the merchant only gets paid when the coupon is redeemed. Groupon keeps the float and the breakage.
- webwright 14y agoHere's a recent state of things... It's a bit of a moving target, but they get a big chunk up front. http://venturebeat.com/2012/05/07/groupon-tightens-its-payment-terms-with-merchants/ http://venturebeat.com/2012/05/07/groupon-tightens-its-payme... Another thing to realize is that they get the money REGARDLESS OF WHETHER YOU REDEEM IT. EVER. Depending on the type of Groupon, upwards to 20% of them are never redeemed (this is a dirty secret of gift cards, too).