Is Groupon a scam?

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Is Groupon a scam?

Postby LLK » Sat Sep 24, 2011 11:23 pm

Hi, wondering anyone has made purchases from Groupon? The discounts offerred seem too good to be true. Any comment pl?

LLK
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Re: Is Groupon a scam?

Postby justcoping » Sat Sep 24, 2011 11:28 pm

LLK wrote:Hi, wondering anyone has made purchases from Groupon? The discounts offerred seem too good to be true. Any comment pl?


Same here... very enticing but have not dared to take the risk and purchase 1. Can someone please enlighten us?

justcoping
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Re: Is Groupon a scam?

Postby BigDevil » Sun Sep 25, 2011 12:18 am

Most of the groupons I bought so far are for F&B. No scam at all....but do have to read the fine prints. Some eateries only allow the use of groupons on weekdays.

For travelling groupons, you will always run into a risk of the place being over booked and you can't get yourself a reservation for your desired travelling date.

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Re: Is Groupon a scam?

Postby Picolo » Sun Sep 25, 2011 1:12 am

I bought from Groupon and Deal before. So far so good. I have purchased MPH vouchers, moon cakes, Bakerzin's and Nonya & Baba and have used them. Only disappointment was Nonya & Baba restaurant cos I didn't realise their food is not what they used to be years ago and so so overpriced compared to Ivin's. But that's my fault lah, not Groupon's or Deal's. You'll be fine if you stick with names and quality you know.

But I still dun dare to buy those holiday vouchers. Seems too good to be true and dun wanna my holidays be spoilt if kenna cheated.

Picolo
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Re: Is Groupon a scam?

Postby UncleLim » Sun Sep 25, 2011 3:32 pm

Groupon is not a scam for the consumer. But if you run a business and want to use them to market your products or services - beware. They will make you squeeze your prices way way down so that they look good. But your business cannot do it too often or your losses will not be worth the advertising benefits.

You should also be careful if you wish to buy Groupon shares. They are not profitable and many analysts think their business model is not sustainable.

UncleLim
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Re: Is Groupon a scam?

Postby LLK » Sun Sep 25, 2011 3:55 pm

I am also a bit worry about giving my credit card details for groupon purchase. Am I unduly worried?

LLK
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Re: Is Groupon a scam?

Postby UncleLim » Sun Sep 25, 2011 4:20 pm

LLK wrote:I am also a bit worry about giving my credit card details for groupon purchase. Am I unduly worried?


Same level of risk as with other online purchases, I suppose?

UncleLim
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Re: Is Groupon a scam?

Postby BigDevil » Mon Sep 26, 2011 2:03 pm

Picolo wrote:But I still dun dare to buy those holiday vouchers. Seems too good to be true and dun wanna my holidays be spoilt if kenna cheated.

Someone in this forum went on such a trip.

You can read about it in this thread.

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Re: Is Groupon a scam?

Postby LKVM » Mon Sep 26, 2011 2:07 pm

I have bought few vouchers from groupon and quite satisfied.. the vouchers I had got is not limited to F&B or any particular entity only!! Just my own experience.

LKVM
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Re: Is Groupon a scam?

Postby jongivy » Mon Sep 26, 2011 2:14 pm

Bought a TV and a DVD player through Groupon but the fulfilment party is Courts. Also bought some massage packages. Very satisfied with the TV and DVD I have purchased. But the massage package was not something I would buy again. After the massage, the usual stuffs - they "lock" you up in a room and hardsell you a package. But I went prepared so after like 30-45 minutes of hardselling with no result, they let me go.. But I must say this is not Groupon's fault.

Not too sure about the holiday vouchers though. Must check the fine prints, never know there may be hidden cost somewhere else.

jongivy
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