Twongo, a new savings site here in the Triangle, offers discounts that get deeper as more people take advantage of each daily deal, called the Big Deal. It's a pretty interesting concept that uses team buying to offer better deals.
Here's how it works: Businesses offer coupons for their products and services. The deals are posted daily on Twongo.com. If you find a deal you like, you agree to buy the deal at the posted discount. If enough people buy the deal, the discount gets bigger. They even show you how many more people need to buy a deal in order for the discount to increase.
For instance, the deal of the day, as of Friday evening, is a restaurant certificate to Giorgio, the new establishment in Cary. The deal is a $50 certificate for $25. At this time, if 151 more people buy the certificate, the discount goes from 50% to 54%. Once the deal ends in 48 hours (according to the cool countdown clock on the deal page), your credit card will be charged for the highest discount it reached. The discount won't be less than the one you locked in when you signed up for that deal. At that time you can print out your certificate and use it at the business. Sounds pretty easy.
This seems like a great way to try some new restaurants and services at a good discount.
Any restaurants or services you want to see on the Big Deal page?
I'll contact Twongo to let them know what certificates you want and maybe those businesses will be willing to participate. You never know!