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Groupon is a US global e-commerce marketplace that connects customers with local merchants by offering a network of activities, travel, goods, and services in 15 countries. Groupon, headquartered in Chicago, was launched in November 2008, and soon after had a presence in all of Boston, New York, and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia, and South America, and it had 35 million registered users. By the end of March 2015, Groupon had served more than 500 cities worldwide, about 48.1 million active customers, and offered more than 425,000 active deals globally in 48 countries.
From time to time, Groupon offers different financial solutions and deals that allow customers to achieve more savings while enjoying the deals and services of the US e-commerce giant. One of those offers is the exclusive Groupon cashback service which is available thanks to Groupon's partnership with the middle east cashback giant, Yajny.com.
Groupon cashback is a motivational service provided by the company in cooperation with Yajny and its goal is to achieve a cost-effective experience for customers, in which they get to recover cash balance in their Yajny accounts on every purchase process they complete from Groupon.com through Yajny's platform. This cashback balance you can later easily withdraw using one of the methods listed by Yajny on our Terms & Conditions page.
The Groupon idea was created by former Pittsburgh CEO and native Andrew Mason as the idea attracted the attention of former employer, Eric Lefkowski, who provided $ 1 million in seed money to develop the idea. As of April 2010, the company was valued at $ 1.35 billion. According to a December 2010 report by the Groupon Marketing Association published by Forbes and the Wall Street Journal, Groupon was expecting the company to be on track to achieve $ 1 billion in sales faster than any other company ever.
When it was first launched, the company “Groupon” provided its services daily in each of the markets in which said services were available and allowed. Groupon acted as a guarantee contract using The Point platform: if a certain number of people participate in the offer, the deal becomes available to all; and if the predetermined minimum is not met, no one will get the deal on that day. This reduced risk for retailers, who could treat coupons as volume discounts in addition to sales promotions. In the early years before the revenue split began to adjust as necessary, Groupon achieved huge profits by keeping approximately half of the money a customer pays for the coupon. Lately, this split can vary depending on many different factors.
Unlike classified ads, merchants pay no upfront cost for participation: consumers can search for and browse deals via the web or mobile and can sign up to receive emails that show the deals they are interested in based on the preferences they enter. Groupon employs copywriters who draft descriptions of deals received by email and on the website. Groupon promotional text of the deals is seen as a contributing factor to the site's popularity, as it features a distinctive mixture of thorough fact-checking and clever humor.
The cooperation between Middle East's first cashback site, Yajny.com, and the American coupon giant, Groupon.com aims to reflect in the client's best interest. How? Through Yajny's exclusive Groupon cashback service, you get to enjoy a hassle-free and extremely cost-effective shopping experience as you recover some of the money you paid while purchasing any of the services available on Groupon, as long as you make your purchases through Yajny.com. So enjoy the money-saving Groupon cashback service and save up to 3.5% on all your Groupon purchases, only through Yajny.
Groupon cashback service is a great way to save money on Groupon's popular services. When you complete a purchase from Groupon.com through Yajny, you will get to exclusively enjoy Groupon cashback service which allows you to recover some of the full amount you spent while making said purchase.
This service is the result of Groupon's cooperation with Yajny.com, and therefore, it can only be used through the Yajny platform. If you want to be able to take advantage of this money-saving service, follow the instructions below:
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