Monday, October 24, 2011
Money Monday: CoupRecoup
Whether it's Groupon or Living Social, internet deals are everywhere these days. But what do you do if you aren't able to use that Groupon before the expiration date? On tonight's Money Monday, 7s Lynn Martinez says now there's a way to recoup your money before you lose it.
WSVN -- Cathy Gonzalez loves to buy internet deals.
Cathy Gonzalez: "I get Living Social, Groupon, Travel Zoo is another one and just recently Couprecoup."
Couprecoup is a free online marketplace for buying and selling coupons. So if you bought a deal and can't use it before it expires, you can sell it here.
Aren Sandersen: "Our site offers a really quick and easy way to post that coupon for sale and find a buyer so that they can recoup some of their money from that coupon."
Sellers post coupons on the site- along with their asking price and pay-pal information.
Aren Sandersen: "The only fee for sellers is the pay pal fee, so if you transfer the money using Pay Pal, Pay Pal will take three percent, but Coup Recoup doesn't charge the seller."
Potential buyers just go on the site and see what's there.
Cathy Gonzalez: "$12 for a 90 minute double kyak rental."
Many times the deals posted are up to 80 percent or more off the original value.
Cathy Gonzalez: "The deal I have is a for a manicure and pedicure it's $17, which I think is great. $17 for a manicure pedicure sign me up any day."
Dawn Read is a self-proclaimed coupon addict. She never knows quite how many she has in her pile.
Dawn Read: "I don't know something like that maybe?"
She's glad to know that now there's a way to get some of her money back if she can't use one of her deals.
Dawn Read: "They're obviously seeing a need for people. Junkies like me that want to buy everything and do buy everything and may have a need with something expiring where they can re-sell it or get their money back at least so they can continue to shop."
Cathy says she's found a new favorite place to find deals.
Cathy Gonzalez: "I think it's a great idea because it gives people the opportunity to get these deals that they might have missed, allows the other people to let go of many you know ones they bought too many of."
Lynn Martinez: "All kinds of deals are posted on couprecoup from services to travel, restaurants and entertainment."
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