Make no mistake about it. There absolutely are risks involved.
If a Business for some reason does not fulfill their contractual obligation to purchase every unit of inventory, the Group-Buy is then considered to be in Default and a Buyer could lose some or all of their money.
A Group-Buy in Default however does not necessarily mean the Buyer WILL lose money.
When developing Novanty, we looked at where other platforms fell short in ways that effected their community. We then built our substantially different platform around serving our community the best we could. Our commitment is to our community.
The following pages are meant to make sure Buyers understand the risks involved, but also to outline what steps Novanty takes, and what steps each Buyer can take to reduce their own risk.
