Offering the same great discounts as other Daily Deal websites, Raincheck gives the sale price assurance to the buyer without having to purchase the item up front. Launching with deals in Canada and the US, these coupons offer several advantages and even a way to make money for the buyer. Once you own a Raincheck you can resell it at a higher price.
The difference this revolutionary concept brings to the industry is that while all deal-a-day and discount sites offer discounted products and services, forcing a potentially non-refundable purchase, the Raincheck system empowers buyers with the option to complete the sale at a later date if they choose or to sell the discount to another Raincheck user. As Raincheck quantities are always limited, they quickly become a hot commodity for the users and their value naturally increases.
Raincheck offers the same service and deals absolutely free, a win-win for customers and merchants alike. Buyers don't have to purchase the deal up front and merchants don't have to pay the expense of offering their discounts on the Raincheck site.
With savings as great as 80%, the clincher for Raincheck is how different they are from stereotypical daily deals. Customers can gift and even resell their Raincheks using the slick social networking tools embedded in each Raincheck. This gives the buyer an opportunity to do their own promotions and make money using their shopping savvy.
It appears as if the rules of the game have been rewritten by Raincheck. merchants who received a black eye from trying to offer deals using the old paradigm or who had their offer refused because it was deemed not capable of generating enough profit for the deal site are going to flock to Raincheck.
Rainchecks are also the ideal gift for friends and family, providing an inexpensive token of appreciation. “Whether you buy Rainchecks for yourself or gift it to a friend or relative, the coupons can mean a great deal to that special someone.” Derya Yinanc, Raincheck CEO has a point. More so, there is no fear of disappointment as this gift allows the recipient freedom to use the Raincheck, re-gift it or even sell it on the site.
For vendors, the Raincheck opens a new world of opportunity without the steep investment. Daily Deal coupons so far have meant sales sure enough but with not much in terms of overall profit. Now merchants around the world can take advantage of Raincheck's superior shopping platform and fairer deals.