The market acts as a middleman between customers and local merchants. Groupon is an online marketplace that offers deep discounts on locally-sold products and services. Read on to learn about how Groupon Merchant for small business owners may lead to more customers. With Groupon Merchant, you don't have to be a marketing guru to run a successful online marketing strategy. In fact, Hownd does just the opposite - we leave the decision about the value of your offer up to you at a level that you’re comfortable with.If you're looking for new ways to drive customers into your store, you may want to consider Groupon Merchant. In either case, Hownd doesn’t require you to deeply discount the value of your product or service. Or maybe a smaller discount, but one that’s enough to be attractive?.Maybe you offer a bonus gift instead of a direct discount?.While consumers are consumers and usually need some sort of incentive to change their habits, you have control of what that means. With Hownd, our platform is all about helping local merchants build relationships with their nearby customers. So, when a consumer buys your gift card for $100, you see $92 of that purchase in your bank account via ACH transfer.
At Hownd, merchants only pay a flat 8% rate which includes the credit card processing. Merchants tell us that Groupon’s cut of sales can be up to 50% of what the consumer pays (!!). The reality is that 15 to 20 percent of purchased gift cards are never used… this feature alone is a HUGE benefit for Hownd merchants and can mean hundreds of dollars a month in “free money”! This means you enjoy the “free money” of unused gift cards and buy nows! With Hownd, you get paid after the purchase, not after the consumer visits. Which is good for Groupon (because they keep the money)… but not so good for you… With Groupon, you have to wait until the consumer visits before you receive your money.(See Section 2.h of the Groupon Terms and Conditions).Īnd… if the consumer never visits, you never see the money the consumer spent buying from your business. Your money is deposited into your bank account via ACH transfer within a few days of the consumer making a purchase from your business.
With Hownd, you don’t have to wait for the consumer to visit before you are paid.
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