Groupon Merchants app users on Android will now be able to accept credit and debit card payments for the first time. By attaching the free Groupon card reader to their handset via the headphone jack, sellers will be able to more effectively track ROI by combining deal redemption and payments in one app.
In a bid to win in the mobile payments space, Groupon makes a ‘lowest rate guarantee’ on transactions taken by US merchants and can be used by non-Groupon participants at slightly higher rates. Swiped transactions for MasterCard, Visa, and Discover cards are charged 1.8 per cent plus $0.15 per transaction. Swiped transactions for Amex are charged at 3 per cent plus $0.15. Charges are higher for keyed-in card details.
Groupon introduced payments into its iOS app in September last year. Merchants on both platforms can scan and redeem Groupon’s display redemption history and help users manage deals.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.