At DealsGoRound.com, Lifesta.com and other similar sites, those purchasing coupons from the various websites offering discounts on local products and services can put them back on the market, according to Associated Press (AP).
Although these websites are not officially authorized by internet-coupon sites like Groupon and LivingSocial, they have not yet experienced any conflicts with the daily-deal services. DealsGoRound pledged to honor any demands to stop listing coupons from particular websites.
These new sites parallel a trend regarding internet coupons, namely that a significant number of consumers purchasing them do not end up putting them to use. It is estimated that about 20 percent of these coupons are never used.
Kris Petersen, DealsGoRound founder and CEO, told the AP, “People buy deals with good intentions. But then the planning doesn’t come together or they run out of time to use the deal.”
Both DealsGoRound.com and Lifesta.com offer various charges to those listing their unused coupons. The former has no listing fee and takes a percentage of the sale profit, while the latter charges 99 cents and a percentage fee for its service.
According to the Wall Street Journal, Groupon is well on its way to reaching $1 billion in sales faster than any business in history.