Can you get in trouble for extreme couponing?

Coupon fraud could send you to prison for as long as 17 years. The highest consequences reported to date are 17 years in prison and $5 million in penalties. 14.

What do extreme couponers do with all the stuff they buy?

Extreme couponers create grocery store in basement. Couponers are passing their savings onto you with stockpile sales. They buy the diapers or shampoo at a discount with coupons. Then, they sell their surplus to you less than the retail store sells the product.

Do stores get money from coupons?

You’ll be happy to know that your store doesn’t lose a dime when you use coupons. In fact, they make more money when you use coupons to save. Not only does the store get back the coupon’s entire worth, it also will receive from the product manufacturer a payment of 8 cents per coupon redeemed.

Is extreme couponing still a thing in 2021?

So, is extreme couponing still a thing? Yes. You can stack a sale price with a single coupon, or stack a store and manufacturer coupon — it doesn’t matter what discounts you stack — as long as you’re using more than one type of discount on an item, it’s considered extreme couponing.

How much money do extreme couponers save?

And, of course, the biggest personal perk of extreme couponing is the insane amount of money that you can save. People really do save hundreds, even thousands of dollars. One new couponer said she saved over $2,700 in her first 12 weeks of couponing; another slashed her monthly grocery bill in half.

Why do companies allow extreme couponing?

Real extreme couponers make a full-time job out of collecting coupons, matching the coupons to stores’ sales and utilizing the individual stores’ coupon policies to get the very most out of every coupon that they redeem.

What is coupon abuse?

The Coupon Information Corporation (“CIC”), a not-for-profit association of consumer product manufacturers dedicated to fighting coupon mis-redemption and fraud, defines coupon fraud as someone intentionally using a coupon for a product that he/she has not purchased or otherwise fails to satisfy the terms and …

Do coupons hurt business?

Coupons can drive customers to your business and introduce new customers to your store. The biggest con of using coupons is that they cost businesses money and may lead to lower profit for that sale.