What if company goes out of business Groupon?
Short answer: no. At least not according to the Groupon Promise, the company’s terms and conditions. According to the agreement, any unredeemed voucher may be returned within the first three days of purchase for a refund of the amount paid.
Does Groupon still exist?
Both Goods and Services Are Sold on Groupon While you can still buy vouchers for discounted services or savings at local stores, Groupon now offers a wide selection of physical goods. You can find the following and more on the site: Hotels and travel.
How did Groupon fail?
There was no effective way to limit the quantity of items you sold at a discount. Shops were driven into bankruptcy because Groupon sold thousands of items below cost. That’s crazy.” In other words, the company never did become adept at bridging the gap between traditional commerce and the web.
How do I request a refund on Groupon?
To start a refund request, head to My Groupons and select See Details next to your order. Note: Final Sale orders can’t be canceled or returned at any time. Check the Fine Print on the deal page to see if your order is Final Sale.
Is Groupon still profitable?
But Groupon beat Wall Street revenue expectations with second quarter revenue of $756 million. And it posted a better-than-expected net loss of $6.8 million on a non-GAAP basis, or $0.01 loss per share.
How do I get a refund from Groupon Australia?
You can request a refund in Groupon credits for any unused Local voucher that hasn’t expired. Credit refunds will be issued to your account and will typically be available within 24 hours. Refunds to your original form of payment may take 5–7 days to reach your payment method. Still Need Help?
Does Groupon sell fake products?
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.
Is Groupon on the decline?
Groupon reported a revenue drop of 15.9% to $2.22 billion for the year ended Dec. 31 from $2.64 billion the prior year. Sales through its Goods platform declined 23.8% in 2019 to $1.09 billion from $1.43 billion the year before.
Who owns Groupon now?
In February 2016, Chinese online retailer Alibaba Group Holding Ltd disclosed that it acquired a 5.6% stake in Groupon Inc. In April 2016, Groupon Inc. announced it received a $250 million investment from a private investment firm, Atairos Management LP, which has ties to Comcast Corp.
How long does it take to get a refund from Groupon?
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.