I put together the New Here section to help new couponers get started but this will be a little more structured. I understand it can be confusing so hopefully this step by step series will help. Let’s get started with Step 1.
How Do Coupons Work?
Coupons are a form of advertising for a manufacturer. They want to get their product in the hands of the consumer (you). Manufacturers pay to have the coupons placed in the Sunday paper or any other type of advertisement to get the coupon in your hand. Coupons can be found in several different places:
Attached to products you purchased or in the products box
Receipt Print Out
Coupon Clipping Services (They cut the coupons and you buy them so you don’t have to pick up a pair of scissors).
After you use a coupon during your shopping trip, the store sends the coupon to a clearinghouse. The coupon clearinghouse is a third party company that verifies the coupon was used correctly and how much the manufacturer owes the store.
Photo Credit: KCL
The manufacturer absorbs the price of the coupon plus an $0.08 handling fee. The store is usually reimbursed unless the clearinghouse finds that the coupon was not used properly. This is where honest couponing comes into play. If you know that your not using a coupon properly and you do it anyway and the cashier doesn’t notice it, your basically ripping off the store.
Many stores have experienced fraudulent couponers and are therefore very strict with coupons they accept. Coupons are never to be photocopied or duplicated in anyway. When you print an online coupon, you can usually print two at the most.
Please leave me a comment on this post if you have any questions or comments regarding this post. The next Step is to understand the different types of coupons. Stay Tuned!