Group Auction Website Poised to Raise $100 Million For Charity

Group buying is all the rage these days, as people flock to daily deals sites like Groupon and LivingSocial to get their fix. But this type of consumerism has a charitable side too, known as cause commerce. BiddingForGood, one of the largest group commerce sites out, there isn’t just about giving people the best deals – it’s about doing good: BiddingForGood’s auction platform is set up so that charities keep 91% of the merchandise sales from their auctions with BiddingForGood’s revenue share reaching up to 9%.