Getting Started

Currently, PayCoupons is an invitation-only platform for users in Germany (focusing on Berlin) and Nepal (focusing on Kathmandu). We will expand to other cities and countries later.

For now, if you live in Berlin or Kathmandu (or are interested to inspect our platform), this is how you can join:

  1. Ask an existing PayCoupons user to invite you, using the "Invite businesses" menu item in their user menu. You will receive an invite link with an e-mail. (If you don't know any existing PayCoupons user, write to us why you want to join.)
  2. Visit the invite link and click on the "Start Now" button to start the signup process.
  3. Fill in the signup form and click "Create Account".
  4. You will get an e-mail with a link to click. This is to be sure that submitted e-mail addresses are not just invented by spammers. (*)

  5. Again on the PayCoupons homepage, follow the top-right “Log In" link and enter your new account's e-mail address and password.

You can now fully use your account. The site will ask you for additional information when needed. There are no fees for having an account, but a 10% fee (excl. VAT) when you issue coupons.

The reason why we have an invitation-only system right now is because our system for economic exchange needs dense networks of users: few users with many connections are much better than many users with few connections.

* Note: If clicking the e-mail confirmation link does not work for you, just copy & paste it into the address bar of your browser and hit return, like you would enter any other website address.

View Full Article
Was this answer helpful? Yes or No

PayCoupons is a platform that lets you issue and exchange digital coupons for products or services, instead of using money. The PayCoupons platform ensures that in every exchange of coupons, the value of coupons you give and receive is exactly the same. This is how you don't need money to get coupons.

Now think of everything you can do just because PayCoupons lets you access the expertise of others without money! For example:

  • Invest excess worktime for business development. If you are an established freelancer and your business experiences a slow time, you can exchange your excess working hours on PayCoupons for services that you need to develop your business further. Things like a website redesign, web marketing, an IT infrastructure cleanup, and so on.
  • Outsource tasks in the startup phase. If you just start to run a company, you often do not have the budget to outsource tasks to more specialized people. With PayCoupons, you can do just that, rather than trying to do everything yourself.

There are many more ways in which PayCoupons can help you with your business and with creating your own job – we do not know all of them either yet! So let's discover the potential of PayCoupons together – welcome to the journey :-)

Also: we regularly post in-depth articles about the usage potential and economic theory of PayCoupons on our blog.

View Full Article
Was this answer helpful? Yes or No

Please abide by the following simple rules:

  1. Do not offer coupons for products or services that are illegal to sell or perform.
  2. Don't do anything that exploits the ignorance or benevolence of buyers or is generally considered “spam”.
  3. PayCoupons does not tolerate texts that are derogatory of any person or groups.

The PayCoupons team reserves the right to lock accounts that do not follow these rules. In such a case, you will get notified and can fix this.

View Full Article
Was this answer helpful? Yes or No

Coupon Exchange

A coupon exchange is an automated event on the PayCoupons platform that exchanges coupons a user wants to give away for coupons a user wants to have.

You can see details about all coupon exchanges in which you participated under the "Activities" menu item.

View Full Article
Was this answer helpful? Yes or No

After you ordered coupons, sit back and wait for PayCoupons to find a coupon exchange for you. The more different coupons you order, the shorter you will have to wait until PayCoupons can find something for you.

Once PayCoupons has found a fitting coupon exchange, it will be executed automatically and you will get notified by e-mail about this. You can then review the new exchange by navigating to the “Activities” menu item (after login).

It is possible (and usual) that PayCoupons transacts your orders in several parts, so with the first exchange you might get a partial amount of your ordered coupons.

View Full Article
Was this answer helpful? Yes or No

If you own a coupon that you have no longer a use for, you can offer it again on the market. When others order this coupon and a coupon exchange is made, you will get coupons you ordered yourself in exchange.

To offer a coupon:

  1. Click on the "Coupons" menu item to see an overview of the coupons you own.
  2. Click on the profile picture or username of the coupon you want to offer to visit that user's profile page.
  3. Click on the three-dots button next to the "Order coupon" button and choose "Offer this coupon".
  4. Enter the amount how much of this coupon you want to offer, and click "Offer coupon".
View Full Article
Was this answer helpful? Yes or No
  1. Sign up or log in.
  2. Go to "Businesses → Find Businesses" and choose a business you want to order coupons from.
  3. Click the "Order coupon" button, enter how much you want to order of this coupon, and click "Order coupon". Optionally, under "Require minimum transfer" you can also require the minimum value you will receive in the first exchange that fulfills a part of your order. This is useful to make sure you have a use for these coupons even if there is a longer delay between the first and subsequent transactions.
  4. Make sure you also issue coupons. On PayCoupons, you can only get the coupons you want when when other users order the coupons you issue.
View Full Article
Was this answer helpful? Yes or No

The short version: order all the coupons you have a use for, also order coupons you know you will be able to use in the future, and market your own coupons in order to make more people order them.

For example, you can offer your coupons to existing business contacts. You can use the form accessible at "Invite Businesses" in the menu to invite your business contacts quickly and comfortably.

View Full Article
Was this answer helpful? Yes or No

Because there is one more condition for becoming part of a coupon exchange that is beyond your control: you have to be part of at least one "order loop". Say you order from user A, who orders from B, who orders from C and so on … then an order loop exists if somebody in that chain orders from you.

If no order loop is found for you, you cannot become part of a coupon exchange. But you could be part of the coupon exchange after that, because people's orders change all the time. Also, if order loops conflict, the PayCoupons algorithm will prioritize yours if you are already waiting longer than others.

Still, there are no guarantees about when exactly your order will come through. We advise you to "save up" coupons of your suppliers because if you need to order them for making an urgent purchase, it may not work in time.

View Full Article
Was this answer helpful? Yes or No

It is not possible to reverse a coupon exchange. A coupon exchange is a "payment for ordered coupons with your own coupons". To reverse it would mean to also reverse the coupon exchange of all users whose transactions are connected to your coupon exchange by trading with them them, directly or indirectly. That can be tens of people, all of whom are happy that they got an exchange.

You can however adapt and cancel your coupon orders at any time before they become part of a coupon exchange.You can also cancel the parts of your coupons orders that have not yet become part of a coupon exchange. So simply make sure to cancel all unwanted coupon orders before the next coupon exchange happens.

Also, you can reverse the effect of a coupon exchange by offering the coupons you received but don't want. Somebody else may want them, and in exchange you get other coupons that you order.

View Full Article
Was this answer helpful? Yes or No

Coupons

Yes.

To keep things simple, it is a principle of PayCoupons that you can use coupons for everything where the issuer would accept the same amount of money. This includes the VAT portion of your purchases.

Now of course nobody wants to receive a payment for VAT in coupons and then lose "real" money because the state demands that VAT paid in money. But this does not happen if you follow these simple rules: (1) Only spend coupons for business expenses, and (2) only order coupons from companies that have the same VAT status as your company (VAT exempt or not).

Here are examples how these rules work:

  • If you are a VAT liable business, your invoices contain VAT and you have to forward that VAT to the state in money. However, you can deduct the VAT you paid included in any of your business expenses. Now if you only order coupons of other VAT liable businesses, all your turnover in coupons is offset by expenses in coupons, and both contain the same amount of VAT. In effect, you do not have to pay any VAT to the government in this case, so you don't lose money because "somebody paid their VAT in coupons" to you. You did the same, and one offsets the other.
  • If you are a VAT exempt small business, your invoices do not contain VAT. Since you cannot use VAT pre-tax deduction, it does not matter for you if the invoices you pay with coupons contain VAT or not. However, if they contain VAT, there must be somebody else who receives a VAT payment in coupons and has to pay it to the state in money, because PayCoupons trades are always circular and balanced. So when you make sure you leave suppliers with VAT in their invoices to trade with other VAT liable businesses, it is being nice to your fellow users.

Note that right now, PayCoupons only enables trading between users who signed up in the same country. So you usually don't have to care about VAT rules for international trade. (If you have to, here is a tip: international trade in services is VAT zero-rated almost always, except that of digital services imported into the European Union, over certain thresholds.)

View Full Article
Was this answer helpful? Yes or No

Coupons expire three years after the end of the current calendar year AD. Due to this, coupons from the same business that you own can have four different expiry dates (but not more): at the end of the current calendar year, and 1, 2 and 3 years after that.

The expiration dates of your coupons are written on your coupons – visit the "Coupons" menu item to see them.

If you can't use them, you can offer coupons on the market before they expire.

View Full Article
Was this answer helpful? Yes or No

Charges

The usage fee is 10% (excl. VAT) of the value of coupons that your company issues via PayCoupons. You can pay your fees with our coupons, with money or PayCoupons Tokens (PCT). So you can use PayCoupons without using money at all.

If you pay your fees with money or PCT, we grant you a discount of 40% on the fees you incurred.

There are no fees for anything else when using the PayCoupons platform.

View Full Article
Was this answer helpful? Yes or No

You can pay us with our coupons, with money or with PCT. If you pay with money or PCT, we grant you a 40% discount on your PayCoupons usage fees.

You can change your payment method in your account settings under "Billing".

When you want to pay us with our coupons, we will automatically let your account order our coupons so you can pay us. These orders often cannot be executed immediately, so you will see an outstanding amount called "current usage". This does not impede your further use of PayCoupons.

When you pay us with money, you enter your credit card details and we charge your card once monthly according to the invoice for usage fees we send to you.

When you pay us with PCT, you make a manual payment to pay for your accumulated "current usage". No automated payment is possible with PCT because it is a cryptocurrency. For more information about it and how to obtain it, see our other help articles.

View Full Article
Was this answer helpful? Yes or No

If you decide to pay your PayCoupons usage fees with money, your credit card will be charged at the beginning of the next month for the fees incurred in the current month.

View Full Article
Was this answer helpful? Yes or No

Yes. PayCoupons uses a third party payment provider, Stripe, to handle all credit card information and payments. Stripe is a PCI-approved payment provider, which means that your credit card information is as safe as can be.

All credit card data is sent directly to Stripe over HTTPS which means the data is encrypted, and that PayCoupons never actually sees your credit card number.

View Full Article
Was this answer helpful? Yes or No

PayCoupons is a VAT registered company in Germany. VAT will be added to our fees as per the usual VAT regulations of Germany, of the European Union, and of international trade:

  • 19% German VAT is added on invoices to business customers in Germany.
  • No VAT is added on invoices to business customers outside Germany. The reverse charge procedure applies. (For business customers in the European Union, we have to include 19% German VAT until you give us your VAT ID.)

PayCoupons is a platform for business users. However in case it send an invoice to a consumer, the following rules apply:

  • 19% German VAT is added on invoices to consumers in Germany.
  • 19% German VAT is added on invoices to consumers in the EU but outside Germany. This is because PayCoupons so far falls under the 10,000 EUR turnover threshold for exemption from the rules governing the sale of digital services across borders in the European Union.
View Full Article
Was this answer helpful? Yes or No

Miscellaneous

A green dot near somebody's username means: that person logged into PayCoupons at least once within the last three months. Otherwise there will be a gray dot.

View Full Article
Was this answer helpful? Yes or No

The contract between a user of PayCoupons and the PayCoupons platform operator is made in English or German. The language can be selected at the bottom-right of any page. No other languages are available at this time.

Likewise, contracts about the purchase of coupons from other PayCoupons users are made in English or German, as facilitated by the pay.coupons platform.

Contracts about products or services when paying with previously purchased coupons are not made on this platform, but directly between users. They may agree on any language for these.

View Full Article
Was this answer helpful? Yes or No

Yes. PayCoupons stores all closed purchase and sales contracts in its database. This applies both to contracts between a user and PayCoupons as a platform provider, and to the contracts between users about the purchase and sale of coupons, as facilitated by the PayCoupons platform.

Note that contracts between users are prepared by making offers and orders, but finalized (made irrevocable) only by so-called coupon exchanges that happen automatically on the PayCoupons platform.

You can get an overview of the exchanges you have become part of by looking for "Coupons exchanged" entries under the "Activity" menu item when you are logged in on the PayCoupons platform. You also receive a confirmation e-mail whenever a new exchange is made.

View Full Article
Was this answer helpful? Yes or No

Use the “Contact” link in the PayCoupons website's footer to send a message with your question to the team.

View Full Article
Was this answer helpful? Yes or No

PayCoupons Tokens (PCT)

PayCoupons Tokens (PCT) are a value token on the Stellar blockchain, created by PayCoupons GmbH as a means of paying fees for using the pay.coupons platform.

View Full Article
Was this answer helpful? Yes or No

PCT is a new token created by PayCoupons GmbH as a means of payment for your PayCoupons usage fees. It is the more comfortable choice in countries where no international credit cards are in use.

Currently, the PayCoupons platform accepts PCTs at an exchange rate of 100 PCT = 1 EUR to pay platform fees. Once PCT has a stable market price higher than this, we will switch to using the market price.

You can obtain PCT via the Stellar Distributed Exchange, in exchange for Stellar Lumen (XLM). You can obtain Stellar Lumen on various cryptocurrency exchanges.

View Full Article
Was this answer helpful? Yes or No

You need a Stellar account to hold our PCT tokens before you use them for payment of your PayCoupons fees.

There are several ways to create a Stellar account. Here is a comfortable one:

  1. Visit stellarterm.com, the website of a well-known Stellar wallet and trading software.
  2. Click "Sign Up" and you'll get to the page to create a new Stellar account.
  3. Click to "Accept the Terms of Use […]" and click "Generate Keypair".
  4. Save your public key and secret key in a safe place. (An password manager that saves the data to your computer is a good method for low to medium amounts.)
  5. Click on "Log in with key", copy & paste your account's secret key and click "Log In". You are now "in" your account.
  6. Before you can use your account for anything, you first have to buy at least 5 XLM ("Stellar Lumens") and transfer them to your account:
    1. Buy XLM from your favorite exchange that trades XLM.
    2. Withdraw the XLM from the exchange to your new Stellar account by entering your Stellar account's public key (also called "Account ID").
  7. To receive our PCT tokens, you have to create a trustline first. Follow our instructions.

Your account is now ready to receive your Referral Program earnings. Just enter its public key in your Referral Dashboard and your earnings will be transferred to it once per day.

View Full Article
Was this answer helpful? Yes or No

Both steps are required to be able to do anything with PCT tokens, including receiving them to your Stellar account:

  • Your Stellar account ID is the target address where we will send the PCT tokens to. Its function is similar to a bank account number: when we know it we can send tokens to your account, but of course we cannot take tokens from it. For that, the private key is necessary. Be sure to not confuse the two! Your account's private key is has to be kept private, while your account ID (also called the public key) is ok to be publish.
  • A Stellar trustline from your account to our PCT token is an expression that you allow your account to hold our PCT tokens. Before you allow it, we cannot send you PCT. From the Stellar developer guide: "When you hold an asset, you must trust the issuer to properly redeem its credit. Since users of Stellar will not want to trust just any issuer, accounts must explicitly trust an issuing account before they’re able to hold the issuer’s credit. […] To trust an issuing account, you create a trustline."
    Creating or deleting a trustline does not cost you anything, but while you have a trustline the minimum balance required on your account is 0.5 XLM.
View Full Article
Was this answer helpful? Yes or No

To be able to accept our PCT token, you first have to create a trustline from your account to our token, using the following data:

  • Asset code: PCT
  • Anchor Domain: pay.coupons

Depending on your Stellar wallet, you might have to enter this instead of an anchor domain:

  • Issuer Account ID:
    GCVF4SNEQ4MI745ZADWDCKE7HD2JVYUOQ7YYA3U33ICZT2G2E6OJOAH4

You can do this operation with most of the available Stellar wallets. It is sometimes named differently ("create trust", "accept asset", "trust issuer"). If you can't find it in your favourite wallet, you can follow our instructions below for the StellarTerm web wallet below. (You can use StellarTerm just for this process, then continue with your favorite wallet. Because your tokens and trustlines are not stored in the wallet but in the Stellar blockchain!)

Trusting our PCT token with StellarTerm web wallet

  1. Log in to StellarTerm. Open the StellarTerm web wallet and log in with your Stellar account's secret key – or if necessary, create a new Stellar account.
  2. Make sure you have ≥2 XLM. A balance of at least 2 XLM (Stellar Lumens, ca. 0.50 EUR / 0.57 USD) on your Stellar account is the minimum balance required to make the Stellar blockchain hold PCT tokens. It will not be used up, but is technically required for an account to receive and hold PCT tokens. It consists of 1 XLM minimum balance to have an active account, 0.5 XLM to be able to create one trustline (to PCT), and 0.5 XLM as "reserve" to pay transaction fees, which are only 0.00001 XLM each.
  3. If necessary, get more XLM. If your account has less than 2 XLM in balance, you should send some more to your account address. You can buy Stellar Lumens (XLM) from multiple exchanges, in exchange for either cryptocurrencies or state-issued currencies.
  4. Accept the PCT asset.

    1. In the StellarTerm main menu, go to "Accept Assets" and scroll down a bit to "Accept asset via anchor domain".
    2. Enter into field "Anchor Domain": pay.coupons
    3. A single asset should appear as a proposal:

    4. Click the "Accept PCT" button to the right of the proposal.
View Full Article
Was this answer helpful? Yes or No

See page "PayCoupons – Terms and Conditions". This contains all terms and conditions, including the last four main points which deal specifically with obtaining and using the PayCoupons Token (PCT).

View Full Article
Was this answer helpful? Yes or No

No. The full amount of 50 million PCT have been minted already, and it is not possible to create more. You can make sure this is the case by confirming that no signer is left in the issuing account.

View Full Article
Was this answer helpful? Yes or No