How does scoutmob get paid

The Series B raise comes as the mobile technology startup pivots from a daily deal service to an artsy e-commerce business. Scoutmob, which employs about 25, cut about a third of its workforce last month as it realigns the business.

Co-founder Michael Tavani has left Scoutmob to pursue other entrepreneurial ventures. Scoutmob, which began as a purveyor of 50 percent-off dining deals and whimsical restaurant reviews, has realized that the low-margin, high-touch daily deal space is not where it wants to be.

In general, if you do buy deals through these sites, keep a record on a calendar about what the deals are and when you have to use them. While everybody else requires you to buy the deal upfront, ScoutMob just tells you about the deal. Because of its emphasis on mobile, the company was also able to to score a partnership with payment processing company First Data Corporation. First Data processes about 55 percent of all transactions in the U.

Once enough points have been accumulated, they can be redeemed at any Scoutmob retail location. Unlike traditional loyalty programs, which require consumers to go to the same coffee shop 10 times in order to earn a free coffee, Scoutmob will let consumers earn and redeem points by visiting any merchant in its network.

Scoutmob has landed in a sector spanning local businesses and mobile payments, which is ripe from innovation and extremely crowded by well-funded start-ups and massively large incumbents. Diabetes Data Beamed to Your Phone. Scoutmob is based in Atlanta and its deals are currently available in 13 cities , with seven more coming online soon. Scoutmob has more than , users. Scoutmob deals are heavily weighted towards restaurants and retail locations, with 75 percent of their deals inventory concentrated in dining establishments, and the rest at shops and merchants, Tavani says.

This further differentiates it from many other deals providers that are trying to sell to customers based on location. All Scoutmob sales expire three or six months after they begin. Foursquare has been serving up daily deals on its platform for some time, but with mixed results.