Groupon’s Helping Turn the Internet Into One Big Pawn Shop

The place you ’d go to flog your X - fiancée ’s betrothal gang is now online , thanks to the Groupon founders . Apparently they desire to overstretch the shame out of pawning your belonging for a quick John Cash - loanword , with their unexampled investiture , Pawngo .

break away since 2009 , when Pawngo was then - experience as Internet Pawn , the site actually gives you a valuation for your belongings within an 60 minutes before sending it in , so you do n’t actually launch the risk of receiving a lower price than expect , or even misplace your particular in the office . From there , they can hold your holding for up to six months , with the money loaned out usually being between $ 1,500 and $ 15,000 . Naturally , interest from three to six per cent lend up quickly for every calendar month the loanword is n’t repay .

The founders claim the business has seen 90 per cent of citizenry requite their loanword and collect their detail , but in the hereafter they in reality design on sell uncollected items in an on-line instrument shop . It ’d likely be well-off to just sell them on eBay , but as the Groupon guys are now involve , perhaps we can see daily flash mess in the manner of “ act speedily ! Enraged ex - fiancée ’s sapphire - cut diamond ring now 90 % off ! ” [ PawngoviaAll thing ergocalciferol ]

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