Group Buying Sites are sweeping the nation to help local businesses offer customers killer deals and big savings coupons for products and services. Also known as collective buying sites, group purchasing websites are fairly new and many consumers and businesses aren’t aware of how group buying works, We’ll discuss details like how to use group buying to harness collective buying power, deal tips for local businesses and online sites and frequently asked questions. The merchant agrees to offer customers a specific product or service at a greatly discounted rate (usually 50% off or more) . Eligible customers’ credit cards are charged for the purchase and they can print a voucher that is used to redeem the deal with the merchant. For example, a typical deal may include $100 worth of services from a merchant for only $50. Read more under What is Group Buying?