Nick Tippmann
Groupon the daily deals site is reportedly interested in entering the Mobile Commerce field to compete with the likes of Square and most recently PayPal. The company who is embroiled in controversy in almost anything it does, from how it reports it’s profits to how it stock raises, wants to handle your money.
Business Insider is reporting that it’ll charge 1.8% transaction fee and a $0.15 per transaction charge for payments that they process. Whereas Square charges 2.75% with no per transaction fee and PayPal Here charges 2.7%, also with no transaction fee. In a risky move, Groupon will provide not only the device that retailers can charge customers, but also an iPod Touch to take the payments with. Like Yahoo, which recently made waves by releasing a semi browser for the web, and an iOS application, Groupon which keeps failing and is being mishandled would rather throw as many things against a wall and see what sticks versus fixing what’s wrong and instead is trying to hide from this.
Source: Business Insider