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What is Group Buying (Group Buys)

Group of young people put hands on top of each other

Group buying is also sometimes called group discounts or collective buying. Typically a group buy is when a company offers the same or similar products available at a discount rate as long as a specific set number of people agree to purchase the product and/or service.

Typically a group buy website will show you the group buys and will tell you what the product is, how much it is and how many people are required to "activate" the deal and when the deal expires. Once the deal expires assuming that the offer reached the minimum amount of buyers, each buyer will receive a voucher after they pay.

Recently there have been a number of websites devoted to this specific practice, here is a list below:

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