Groupon regret? Unload those daily deals on Lifesta

lifesta_dotcom.jc.top.jpg By Jessica Dickler, staff writer


NEW YORK (CNNMoney) -- Sale sites like Gilt Groupe, Groupon and LivingSocial have turned the work day into a buying bonanza, giving people deep discounts on everything from romantic dinners to helicopter rides. But all those impulse purchases can leave online shoppers with quite a hangover.

Hate those wine-tasting classes? Don't need another nine yoga sessions at the studio on the other side of town?

You can't return them, so sell them on Lifesta.

Yael Gavish, co-founder of the site, says she saw a need for a forum dedicated to the aftermarket. She had a friend visiting her in New York, and they were excited to go to dinner with a Groupon certificate. But when the friend arrived, they discovered the restaurant was closed for renovations.

Her friend was out the money, but an idea was born.

Now users can hawk local vouchers if they miss their opportunity to use them -- or sell off those romantic dates after an untimely break up. Since the site launched last July, tens of thousands of dollars worth of vouchers have been uploaded and sold, according to the company.

"When people put up romantic cruises, you wonder if there is a break up there," she said.

It wasn't quite as dramatic for Polly Chung. She just bought five vouchers for 50% off gelato in New York City, but now that it's January, her taste for frozen dessert has gone cold. So Chung posted her unused coupons on Lifesta, "I mean I can't eat gelato twice a week just to use it before it expires," she explained.

Sellers set the price -- although most stick at or near the cost of the original deal -- and Lifesta charges 99 cents for the listing plus 8% of the sale price. And unlike on Groupon and other social sites, these deals are not limited-time offers. They stay up on Lifesta until they sell -- or expire.

Buyers can search for deals based on city or category, such as food and drink, or tours and attractions. And payments are facilitated through Amazon, so they don't have to turn over their financial information either.

That worked well for Yoav Zeevi who says he has no interest in buying on Groupon and other sites, because he doesn't want to race against the clock to grab discounts before they're gone.

Instead, he bought a voucher on Lifesta for dinner at a tapas restaurant in San Francisco and treated his wife to a romantic night on the town.

"That dinner was excellent," he said. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.95%3.98%
15 yr fixed3.08%3.04%
5/1 ARM3.43%3.30%
30 yr refi4.04%4.05%
15 yr refi3.17%3.11%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 17,195.42 221.11 1.30%
Nasdaq 4,566.14 16.91 0.37%
S&P 500 1,994.65 12.35 0.62%
Treasuries 2.34 0.03 1.30%
Data as of 8:52am ET
Company Price Change % Change
Facebook Inc 74.11 -1.74 -2.29%
Bank of America Corp... 17.03 0.04 0.24%
Intel Corp 32.58 -1.34 -3.95%
Avon Products Inc 9.97 -0.99 -9.03%
Apple Inc 106.98 -0.36 -0.34%
Data as of Oct 30

Sections

San Francisco-based Tumml is an accelerator fostering 'urban impact start-ups' that aim to tackle civic problems -- and turn a profit. More

Amy Kukec thought leaving her abusive husband would be the beginning of a new life, but so far she's hit one debilitating financial roadblock after another. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.