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- May 7, 2011
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Interesting one that has popped up the last few days. Figure that there's many people here that use the Honey browser plugin.
For those that don't use it, it's a browser plugin that helps you find cheap deals. When you get to checkout while buying something online, it pops up saying it will find you the best deal. Then it enters a bunch of coupon codes and you save money.
Problem is, the whole thing is a bit of the scam. Honey is owned by PayPal, and a recent investigation found that the whole thing is dodgy.
First dodgy point - Creators:
When content Creators promote Honey, they also have their own affiliate links. That basically means if a content creator suggests something and you click a link that takes you to an online store, that content creator will get a little bit of money for promoting the item. Except if the buyer has Honey installed. If they do, Honey pops up and takes the money from the creator and sends it to PayPal instead. So the Creators promoting Honey end up getting screwed over.
Second point - buyers:
That first point just affects content creators and marketing. The second point affects everyone else. When you click the Honey link, it enters a bunch of codes it found then either saves you a little bit of money, or no money at all and Honey says, "we searched the net and you have the best deal". Turns out, that's bullshit. They designed it so it won't find the best deals because the less you spend, the less of a commission Honey/PayPal gets. So they tell you that they couldn't find good codes even though there are good codes available
TLDR; if you have the Honey browser extension, get rid of it. Other than the sly marketing data PayPal is getting from you, it's ripping off content creators and you
For those that don't use it, it's a browser plugin that helps you find cheap deals. When you get to checkout while buying something online, it pops up saying it will find you the best deal. Then it enters a bunch of coupon codes and you save money.
Problem is, the whole thing is a bit of the scam. Honey is owned by PayPal, and a recent investigation found that the whole thing is dodgy.
First dodgy point - Creators:
When content Creators promote Honey, they also have their own affiliate links. That basically means if a content creator suggests something and you click a link that takes you to an online store, that content creator will get a little bit of money for promoting the item. Except if the buyer has Honey installed. If they do, Honey pops up and takes the money from the creator and sends it to PayPal instead. So the Creators promoting Honey end up getting screwed over.
Second point - buyers:
That first point just affects content creators and marketing. The second point affects everyone else. When you click the Honey link, it enters a bunch of codes it found then either saves you a little bit of money, or no money at all and Honey says, "we searched the net and you have the best deal". Turns out, that's bullshit. They designed it so it won't find the best deals because the less you spend, the less of a commission Honey/PayPal gets. So they tell you that they couldn't find good codes even though there are good codes available
TLDR; if you have the Honey browser extension, get rid of it. Other than the sly marketing data PayPal is getting from you, it's ripping off content creators and you