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| VIEW EVENT INFORMATION: LivingSocial |
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Daily Deals And The Potential For Fraud |
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About the organization LivingSocial:
Type: Business
Sub-Types: Website, E-Commerce, Ticketing Agent, Entertainment Promotion, Event Promotion, Advertising Agent, Online Deal, Online Store |
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Notable Organizations: LivingSocial, Techcrunch
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| In my post about Groupon’s potential for collapse, I talked about the possibility of merchant fraud. Because Groupon pays merchants everything within 60 days, they are exposed to the possibility of fraud or the merchant going out of business. Other deal providers pay even faster. LivingSocial pays out everything in about 15 days. Google Offers pays out 80% in about four days.
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