Each deal requires
a minimum number of buyers in order to become effective.
If a seller has reached
the minimum number of buyers, Groupon will then split the proceeds from the deal with the seller as their payment.
Group buying is the collective purchasing of SEO tools, WordPress tools,E - Commerce Tools, Expensive Courses and services as long as
the minimum number of buyers to pursue the transaction is met.
Not exact matches
Unlike Groupon, whose sales are 24 hour - based affairs, GiltCity's can go on for days — as long as a week — and don't require a
minimum number of potential
buyers for the deal to actually go through.
Buyers on the site will only receive the «groupon» if a required
minimum number of purchasers sign up for the advertised deal.
These changes, while not dramatically expensive for consumers, compound on a
number of other initiatives over the last year to reduce risky borrowing, such as the mortgage stress test for high - ratio
buyers, an increase to the required
minimum down payments and tighter underwriting for banks.
But converting an existing bedroom into a master bath, while a positive development in many respects, may reduce the
number of bedrooms below the
minimum expectation
of some prospective
buyers.