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on 9/7/15No fees. Can get some very good deals. Typically have a certain period of time to use the groupon, eg a year, 6 months. Also, typically, even after that time period the dollar amount you actually paid is acceptable by the restaurant, etc. Major point - only buy a Groupon if you will use it!
As Lucy b says here, the merchants /shops that use Groupons do pay big fees.
Something else that I heard from a merchant is that if you, the customer do not use the Rroupon voucher you purchasrd, or you forget to use it, the poor merchant gets paid nothing, but Groupon keeps all the voucher price themselves.
So I would imagine thats a windfall for Groupon.