The clearinghouse is paid a certain amount per coupon by the store, plus shipping and handling. Coupon Code Discount Price Per Issue SpeedyMags: The Week Magazine Subscription: 50: 109.00 : 109.00: 2.18: Visit Store: Magazineline: The Week Magazine Subscription: 25: 69.00 : 69.00: 2.76: Visit Store: : The Week Magazine Subscription: 50: 149.00 : 149.00: 2.98: Visit Store: Magazineline: The Week Magazine Subscription: 50: 149.00 : 149.00: 2. Or the manufacturer will send a check directly to the store and the store then pays the clearinghouse. The manufacturer might reimburse the clearinghouse for the amount of the invoice, and the clearinghouse will send a check to the store for the amount of the coupons. The clearinghouse then sends all the sorted coupons with an invoice to the manufacturer. That is at a 17 discount off the newsstand price.
The other system is to do the whole thing by hand. Do you have any coupons for The Week Junior Magazine We currently offer The Week Junior magazine at a discounted rate of 119.00 for a full year subscription. Damaged coupons that can't be scanned have to be sorted by hand and added up separately. One system places scannable coupons face up on a conveyor belt, where they are moved along under a scanner that reads the UPC codes and tallies the amounts, then adds up the total value of each manufacturers' coupons. This is so much hand work that some clearinghouses pay other clearinghouses - in Mexico, for example - to do part of the work. Another goal is to separate coupons with scannable UPC codes from damaged (torn, smudged, etc.) coupons. The first goal is to separate the coupons by manufacturer.
The clearinghouse has to sort through millions of coupons, largely by hand. Looking for ways to save when you eat out Here is our list of restaurants in the OKC metro offering kids eat free discounts and other specials for. A coupon is, essentially, free money, and free money is hard to stop. At that scale it becomes a major headache! The whole process seems hopelessly antiquated, but coupons remain enormously popular and that is why they continue. Redeeming a coupon would not be that bad if there were only a few of them, but major grocery chains collect millions of them. On the back of most coupons in fine print, the manufacturer lists the mailing address and states that it will also reimburse the store some amount of money for processing - typically 8 cents per coupon. It now has a small scrap of paper that is worth cash, but in order to get the cash the store has to mail the coupon to the manufacturer. Once the cashier accepts the coupon, the store has a problem. It's not that common any more, but some stores will even double a coupon's face value.
For example, if you have a $1.00 off coupon on a box of cereal, the cashier takes the coupon as though it were cash. You cut coupons out of newspapers and magazines, take them to the store and use them to get discounts on certain products.
If you have ever used coupons at the grocery store, then you know the routine.