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by jon-wood
3865 days ago
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It's not quite so awful, but Groupon don't immediately pay out - they sell the coupons, and as customers redeem them they'll pay out a week a so later (I can't remember the exact period), so if you're a cash business that could hurt. The company I was at when we tried it do all payments online, so we were used to a waiting period from our payment processor. The other place they can potentially make a ton of money is people who buy a coupon but never redeem it. In that case the supplier never sees any of the money, Groupon keep the lot effectively making 100% commission. |
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