GLOSSARY

Discount code

A discount code, also known as a promotion code or coupon code, is a special code that can be entered at checkout to receive a discount on a purchase. Discount codes are commonly used by retailers and e-commerce websites as a way to incentivize customers to buy their products.

How Discount Codes Work

Discount codes typically consist of a series of letters, numbers, or a combination of both. When a customer enters a valid code at checkout, the discount is automatically applied to their total purchase price.

Retailers use discount codes for a variety of reasons. They may offer them as part of a special promotion, to encourage customers to make a purchase, or to clear out old inventory. Discount codes may be offered to all customers or exclusively to certain groups, such as newsletter subscribers or social media followers.

Types of Discount Codes

There are several types of discount codes that retailers may offer, including:

  • Percentage discount: This type of discount offers a percentage off the total purchase price, such as 10% or 25% off.
  • Flat-rate discount: This type of discount offers a specific dollar amount off the purchase price, such as $5 or $10 off.
  • Free shipping: Some discount codes may offer free shipping on an order, waiving the standard shipping costs.
  • Buy-one-get-one (BOGO): This type of discount offers a free product when a certain product is purchased, such as buy one t-shirt, get one free.

Using Discount Codes

To use a discount code, customers typically need to enter the code at checkout. The location of the discount code box may vary depending on the website, but it is often found on the payment screen.

Before using a discount code, it is important to check the terms and conditions to ensure that it is still valid and can be used on the items being purchased. Some discount codes may have expiration dates or only apply to specific items.

Conclusion

Discount codes are a popular way for retailers to offer promotions and incentives to customers. By offering discounts or free products, retailers can encourage customers to make a purchase and increase loyalty. As a customer, using discount codes can help save money while still getting the products you want. So, keep an eye out for discount codes and take advantage of the savings!

Enjoy the reading?

Subscribe to the newsletter and get a new article delivered to your inbox every week.