Groupon Joins Growing List of Mobile Payment Providers
Rather than make serious money from GrouponPayments, Groupon sees the new service as a convenience for its customers and a way to strengthen the position it’s trying to build as the go-to platform for service and retail businesses.
Groupon is touting a lack of monthly fees and low transaction rates of 1.8% plus $0.15 per transaction for Discover, MasterCard, and Visa. With American Express, the rate is 3% plus $0.15 per transaction. The rates are guaranteed only for U.S. Groupon merchants, though.
One of the card reader options is sounds pretty interesting. It’s a smartphone case, adding sturdiness that regular card reader attachments. It reportedly goes for about $100 to Groupon merchants. A standard swiper comes with the program.