If you are as crazy about couponing as we are, then you must have come across some terms often and couldn’t make sense of them all. We had that issue too and then we decided to put it to rest once and for all. A little bit of research and asking here and there helped
If you are as crazy about couponing as we are, then you must have come across some terms often and couldn’t make sense of them all. We had that issue too and then we decided to put it to rest once and for all. A little bit of research and asking here and there helped us so, we have a complete list of terms used for couponing along with the meanings. First, it will help a lot if we know about the types of coupons.
Types Of Coupons
These coupons are available with some products or on the company’s website. They are offered directly by the manufacturers as the name suggests. The purpose of such coupons or voucher codes is to entice the customers. The smart thing is to redeem them at the stores which offer promos as well to double the discounts.
Most retailers offer discounts on the items they sell. The vouchers for these discounts can be found inside the store flyers, website, social media, or a store coupon book. They are obviously store specific and can be stacked with the manufacturer coupon to get the double discount on a single purchase.
The most recent and the easy to avail are e-coupons. They can be downloaded on the loyalty cards and the mobiles. If they are downloaded on the cards, they are automatically redeemed when the card is swapped. They are mostly available at the retailers’ websites. They are often offered in the form of online promo codes and voucher codes.
IP here doesn’t mean Internet Protocol; it means Internet Printable. These coupons can be printed even from the home computer. However, it is illegal to photocopy these tickets they can send you to jail or make you pay a hefty fine. Each computer can print two of them.
It means Instant Value coupon and can be found in the coupon booklets.
These tickets specify a certain dollar amount off the specific minimum dollar purchase such as $1 off $10 or $2 off $15.
It is a sticker type coupon which can be found on the products at discounts.
It is also known as CAT. It is a voucher printed on the back or at the bottom of the store receipt.
Now, we should move forward to the jargons other than the types of coupons. To begin with, we have some abbreviations.
In Search Of.
No Longer Available.
Out Of Pocket. It is referred to the amount paid by the customer to a store in order to make a purchase.
On Your Next Order.
Pricing Start At.
Universal Product Code.
When You Buy.
Your Mileage May Vary.
After these acronyms let’s have a look at some other terms used in couponing.
Stacking coupons is using a manufacturer and a store discount at the same time. Almost all stores allow stacking coupons.
It is a pad of manufacturer coupons usually placed near the shopping aisles. The tickets you tear from these pads can be redeemed at any store as they are not store specific.
It is a written slip that customers can request a store. It is provided when a sale item is out of stock and can be used after the re-stocking of that item. If you have a rain check, you can get a particular item at sale price even after the sale is over. Many stores mention expiry dates on rain check and set quantity limits.
Manufacturers pay an amount to the stores for accepting coupons which is called a handling fee.
$1/1, $2/1, etc.
It is simple; one dollar off one item and two dollars off one item, etc.
$1/2, $2/2, etc.
Again a simple one; one dollar off two items and two dollars off two items. It specifies that you have to buy two items to avail this discount.
It is a resource where online coupons can be searched and found.
These are the terms that anyone interested in couponing should know. Couponing is not an old-school hobby it has been digitalized long ago, and it can be extremely beneficial if you know how to take advantage of the discounts offered. We hope that these terms will help you in future. Good luck!