As I’ve previously posted, I’m a BIG fan of the ‘daily deal’ sites that are cropping up everywhere. But I’d be lying if I didn’t admit that I’ve either allowed a deadline to sneak past me (was I really going to start Pilates) or stressed myself out / spent more than necessary making sure I used it no matter what!
Deals Go Round is a new site that allows those of us suffering from buyer’s remorse a chance to unload that coupon that you’re never going to use. USA Today reports that if a coupon is popular enough, sellers may even be able to fetch a small profit. Because daily deal sites offer such steep discounts, sellers can list their coupons for more than they paid and still offer a bargain. For buyers, resale sites offer access to deals that are no longer available.
In other cases, sellers may have to ask for less than they paid. This usually happens when a coupon’s expiration date is fast approaching or if the retailer or service is too obscure.
The worst case scenario is that sellers never find a buyer; DealsGoRound says that happens with about a third of its listings.
Lifesta & Second Vine both offer similar services. All sites seem to guarantee buyers refunds if there are any problems with the coupons. The sites require sellers to electronically submit coupon vouchers before they’re listed. Like eBay, they work as intermediaries so transactions are kept seamless.
Finally, there’s another little-known clause worth nothing. To comply with federal and state laws, Groupon and LivingSocial say their coupons only lose their promotional value after the expiration date. The coupons are still good for however much the buyer paid for it. So if a shopper pays $20 for a $40 restaurant voucher, the voucher is still good for $20 even after the expiration date. If customers run into problems, the sites will work with merchants to ensure the coupons are honored.
Source: USA Today