Groupon is an unregulated check cashing company

^^^This is an accurate and very important rebuttal. Groupon has taken flack precisely because its cash flow depends on delayed payments to vendors. The vendors emphatically do not get paid up front.

If they did, Groupon would actually not be in business right now. The amount it owes vendors exceeds its cash, but by the time it has to pay it has sold more Groupons. In other words, Groupon pays old liabilities with new ones (this is, obviously, a point of intense controversy).

http://www.businessinsider.com/groupon-low-on-cash-2011-8?op...

"...it collects cash from Groupons the moment it sells them and doesn't have to pay some of the cash to merchants until 60 days later..."

Not according to their S-1: "Our current merchant arrangements are structured such that we collect cash up front when our customers purchase Groupons and make payments to most of our merchants at a subsequent date. Under our traditional merchant payment model, we pay our merchants in installments over a period of generally sixty days for all Groupons purchased."

According to their current merchant terms it's a payment after 30, plus every two weeks after that on any balance.

This is a little bit like, oh... Opera writing a blog post about how you shouldn't use Firefox because it won't display any Google page.

...ie, it would be very important and interesting if true, but it's 1) not true, and 2) trivially verifiable as not true.

Groupon works in the precise opposite way of how Womply claims they do; they provide payment to the vendors well AFTER the voucher is used, not BEFORE the voucher is used. Every single point and conclusion made by Womply is not just wrong, but describes a world precisely opposite to the one we actually inhabit.

I have never heard of Womply before, but apparently they're run by fools. At best they have no clue how their competition does business. More likely they do know, but assume that their customers don't, and feel no compunction about lying. Either way...