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Scams - Costly Coupon Scams

Number of Customer Reviews for Costly Coupon Scams: 0

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OnlyCritiques.com Review:


Scam artists are formulating their fake schemes through cents-off coupons under the garb of business opportunity in the form of coupon clipping services and coupon certificate booklets, etc. Internet market provides a ripe ground for these frauds to operate and they prey upon entrepreneurs and other consumers. By promising them thousands of dollars per month for just cutting coupons or selling coupon certificate booklets these promoters deceive the people and persuade them to take up costly programs. 

You can legitimately use coupons in just one form. Take it out from the newspaper or magazine, etc. and use it for purchasing the product. Transfer and sale of the coupon to a third party infringes upon the redemption policy and nullifies its validity. Manufacturers offer 330 billion coupons to consumers every year to help them save money on various essential commodities. An estimate shows that about 77% Americans save around 4.7 billion on grocery items by using about 8 billion coupons. This factor helps the frauds to exploit coupon program by projecting it as a thriving business opportunity to not only uninformed consumers but savvy organizations as well.

Going for such a coupon-selling scheme is not profitable from any standpoint. Investors had to spend thousands of dollars for getting the certificate booklet distributorship while the returns never match the investment and one eventually loses money. On the other hand, a consumer who can access the coupon directly from its source (newspaper) has to pay substantial sum for postage, processing etc. Thus, both the seller and the consumer end up losing money-paving way for the promoter to make good gains. Many of the coupons have due expiry dates and while these promoters assure you that, the coupons remain valid for along time you lose money on expired coupons as well.

Thus, it is not recommended to go for programs such as certificate coupon distributorship.


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