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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.

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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 the waiting time until you take part in a coupon exchange.

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.

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.

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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".
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  1. Sign up or log in.
  2. Go to "Businesses" and choose a business you want to order coupons from.
  3. Choose 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 the coupon even if there is a longer delay between the first and subsequent transactions.
  4. Make sure you also offer coupons. On PayCoupons, you can only get the coupons you want when when other users order coupons you offer.
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Order all coupons for which you have a use. Also order coupons that you know you can use in the future, and promote your own coupons so more customers order them on PayCoupons.

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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.

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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 coupon 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.

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This function is available due to the characteristics of PayCoupons as a trading network: Our automatic coupon exchanges are likely to happen if every user orders at least 2.5 coupons on average. If you order less, you are unlikely to participate in a coupon exchange - which means PayCoupons will not work for you.

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