Here is a cool new site that capitalizes on all the unused Groupon deals floating. CoupReCoup.com is a free site to buy and sell coupons bought at steep markdowns on Groupon, Living Social, Tippr, Fresh Guide, Social Buy, and others.
CoupReCoup explains its appeal on its How it Works page. “If you bought a coupon but realize you won’t get to use it, you now have an easy way to sell it. If you missed a chance to buy a hot deal from a local coupon site, you can check CoupRecoup for second chance deals.” The site operates much like Craigslist, so use caution when sharing personal information with others.
Posting a deal requires three steps. Link to the original deal page, submit an asking price, and share your email, which remains private. Your listing stays up on the site until the deal expires.
Finding a deal to buy is just as simple. The site has listings in eight major cities, including Atlanta, Boston, Chicago, New York City, Los Angeles, San Diego, San Francisco, and Seattle. Filter deals by city or by the percentage discount. You can also sign up for their weekly email.
There were 10 deals in Los Angeles when I last checked. A Living Social deal for the restaurant Food Fair by Diego is selling for $15 and has a value of $30. I have eaten at Food Fair by Diego and would definitely return for their fresh California cuisine, servied in a very casual setting. I would definitely go back. The LA page also had a coupon for 60% off food at Jack ‘n Jill’s.
CoupReCoup is based in San Francisco and launched June 15. The site does not make money off of buy/sell transactions but may charge a user fee down the road. “Right now we’re just focused on creating a vibrant marketplace that is useful to people,” said CoupReCoup co-founder Aren Sandersen.
Thanks for the tip, Liz!