How Is YipDeals Different From Groupon?
YipDeals | Groupon |
| Business Owner controls the number of coupons to offer | Groupon controls the number of coupons to offer |
| Discount range 35% to 90% | Minimum of 50% discount to 90% |
| 64% of coupon sale price goes to business owner | 50% of coupon sale price goes to business owner |
| 90% of Yip subscribers are hyper-local, return buyers; Families and women 22-65. High LVT | Buyers are “discounters not locals”; not families and not loyal. Low LVT |
| Customers become loyal and come back for more | Only 20% of subscribers are buyers |
| Business owner controls how often deals are run and when to terminate a deal if it reaches the sales target | “Massive” first week redemptions which makes it hard to plan for staffing and materials |
| Business owner is paid INSTANTLY once a coupon has been purchased | Business owner paid in 45 to 90 days |
| Deals can be launched instantly | Deal could take 6 months to get online |
| Neighborhood schools and charities help promote deals with viral distribution in exchange for 12% donation. This also helps the business owner become a “local hero” | Nothing for schools, charities or communities |
| Business owners have access to buyer emails for those that sign up | DO NOT share their buyers list with business owners |
How Quickly Do Merchants Get Paid After Sales?
All merchants receive instant payment via PayPal.
Does YipDeals Require Merchants To Have A PayPal Account?
Yes, this is required to get paid instantly when your deal vouchers are purchased. PayPal sign up is FREE and only takes a few minutes. You will need your PayPal account email address to complete the Merchant sign up form with YipDeals.
Does The Merchant Keep All Non-Redeemed Vouchers?
Yes, 100%. However, buyers may redeem the purchase amount of the voucher for goods and/or services, forever.
How Does The Merchant Keep Track Of Voucher Redemptions?
Merchants can track their redemption’s by collecting vouchers from customers, logging into their YipDeals merchant account, clicking on “My Purchases”, and entering the Voucher number and setting it to “Mark As Used”.
Who Is Responsible For Customer Services Inquiries?
The merchant is responsible for all customer inquiries, refunds, and correspondence for all buyer requests.
What Happens On Expiration Of A Voucher If Not Redeemed?
The “Amount Paid” is good for life towards products or services the merchant provides. It has NO CASH VALUE. (However, applying a cash value is at the sole discretion of the merchant if they so choose).
What Is Promotional Period?
This is the time during which the full value of voucher is available for redemption and has a specified expiration date.
What Is The Difference Between Purchase Amount And Promotional Value?
The Purchase Amount is the price buyer pays for the voucher (discounted price) and the Promotional Value is the value of the voucher, which is good until the voucher expires.
How Frequently Can Merchants Run Deals?
There are no limits on how frequently a merchant can run YipDeals. Typically merchants run deals every month or every quarter.