Does merchant get paid for expired Groupon?

After the Promotional Value Expiration Date, MERCHANT AGREES TO REDEEM THE VOUCHER FOR THE AMOUNT PAID INDEFINITELY. After the Promotional Value Expiration Date, Merchant must always allow the purchaser to redeem the Voucher for the Amount Paid toward the Merchant Offering.

How do merchants get paid from Groupon?

The company has traditionally used two different payment models. In the United States and Canada, merchants have been paid in three installments: 1/3 five days after a deal closes, 1/3 30 days after, and the balance 60 days later. In the rest of the world, merchants are paid when vouchers are redeemed.

What is Groupon value?

Total assets. US$1.412 billion (2020) Total equity. US$288 million (2020) Employees.

What happens if you don’t use Groupon?

Groupon’s policies also state that if a merchant refuses to honor your Groupon Voucher, “Groupon will refund the amount paid upon request in the original form of payment, or will credit the Groupon account of the purchaser with an equivalent number of Groupon ‘Bucks’ for future purchases on the site”.

Does a Groupon expire?

The paid value of most Local Groupons never expires. This means that unless the fine print states otherwise, after the promotional value expires, you can still redeem your voucher at the merchant for the amount you paid. Learn more about using expired vouchers here.

Can you use a Groupon after it expires?

If you have an expired Groupon, you can often still use it with the merchant for the amount you paid for the deal. After expiration, your Groupon is still valid for $10 worth of food at that restaurant. …

What happens to Groupon vouchers if the merchant goes under?

If the merchant responsible for a voucher goes under, Groupon promises to refund the consumer; but Groupon itself has financial difficulties, and so that back-stop holds questionable value.

Do Groupon vouchers expire?

In an effort to combat adverse publicity, Groupon promised to go further than the law required. Groupon declared that all groupons would never expire and continue always to be honored by the merchant. And it made this a retroactive promise: All unused vouchers the company has ever issued are to remain valid forever.

Does Groupon really provide reimbursements?

And so, even while Groupon is around to provide reimbursements, consumer expectations are continually being disappointed. Merchant Failure Rates.