Groupon initiates mobile payment service in United States
In a recent blog post, Groupon's Vice President of Mobile, Mihir Shah, announced the launch of Groupon Payments, a new mobile payments service in the US. This service aims to simplify the process of accepting credit card payments for businesses, especially those offering group discounts through Groupon's online service.
The Groupon Payments service allows businesses to accept credit card payments using a free card-swiping device that plugs into the audio jack of an iPhone. This device, similar to services from Amex and Credit Karma, provides a convenient solution for businesses that do not have a point-of-sale system.
For businesses that do not use Groupon's discount services, a fee of 2.25% plus $0.15 per transaction will be charged. However, for those offering group discounts through Groupon, the fee is reduced to 1.8% of the transaction value plus $0.15 per transaction for Mastercard and Visa cards.
Groupon Payments Center, the main platform for this service, offers a range of features to help businesses manage their transactions. It simplifies the calculation of bill totals, allows business owners to view a live transaction history, and provides the option to send email receipts. Refunds can also be processed, and daily sales reports can be checked.
Moreover, Groupon Payments Center enables businesses to track deposits to their account and analyse revenue trends. It also includes a dedicated Merchants app for easier use. Perhaps one of the most appealing features is the overnight payment processing, which means businesses no longer have to wait the typical two or three days for Amex and Credit Karma payments to process.
Groupon Payments is set to be offered to all UK businesses in the future, presenting an opportunity for employees at larger organisations to use mobile payment services for making sales on the move. With Groupon Payments, businesses can now accept credit card payments through smartphones, making transactions more convenient and efficient.
However, it's worth noting that as of the current search results, there is no information available about the name or city of the person who is the head of the mobile division at Groupon.
In conclusion, Groupon's new mobile payments service, Groupon Payments, offers a convenient and efficient solution for businesses to accept credit card payments through smartphones. With its user-friendly platform and competitive fees, it's no surprise that this service is gaining attention in the market.
