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Promo codes, also known as discount codes or coupon codes, are a great way for online shoppers to save money. These codes are typically a mix of letters and numbers that can be entered at checkout on an online store to receive a discount. Retailers use promo codes to encourage purchases both online and in-store. Though these are commonly referred to as coupon codes in the U.S., they may also be known as discount codes, promotional codes, e-coupons, or simply promo codes. Regardless of the name, they all aim to help you save on your purchases.