Click to Skip Ad
Closing in...
  1. Screwdriver Set Amazon
    13:47 Deals

    Amazon shoppers rave about this 22-in-1 screwdriver set that’s down to $18 today

  2. Surge Protector Amazon
    15:01 Deals

    Brilliant $30 Amazon find expands a power outlet without an ugly power strip

  3. Kasa Smart Home Sale
    12:05 Deals

    Amazon’s massive Kasa smart home sale has deeper discounts than Prime Day

  4. Best Beach Towels For Sand
    09:02 Deals

    You’ll never go to the beach again without this $17 Amazon find from a viral TikTok

  5. Best Deals on Amazon
    07:53 Deals

    Best Deals on Amazon (July 2021)

Groupon introduces mobile payment service to rival Square and PayPal

Raymond Wong
September 20th, 2012 at 10:35 PM

Following the likes of PayPal and SquareGroupon (GRPN) has revealed that it’s releasing its own credit card payment service called Groupon Payments. Groupon Payments will be available for the iPhone and iPod touch, and participating merchants can get free plastic dongle for swiping credit cards or pony up for a $100 smartphone case/credit card slider. According to Groupon’s website, the company will only take 1.8% of transactions processed on Discover, MasterCard and Visa cards. American Express cards will be charged a 3% transaction fee and all cards will be subject to a 15-cent charge per swipe. Groupon says its service will offer the “lowest rates available.” So are they? By comparison, PayPal’s “PayPal Here” charges 2.7% fee per transaction and Square charges 2.75% per swipe or a flat fee of $275 per year. Does the world need another mobile payment system? Groupon thinks so.

[Via USA Today]


Popular News