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    HomeIn MediaGadget NewsGroupon's new mobile payment service

    Groupon’s new mobile payment service

     

    Groupon (GRPN) has unveiled a credit card payment service, dubbed Groupon Payments, to compete with the likes of Paypal and Square.  Groupon Payments will work with the iPod touch and iPhone, and users can get a free dongle for swiping credit cards or pay $100 for a smartphone case and credit card slider.

    Groupon will only take 1.8% of transactions processed on MasterCard, Discover and Visa.  American Express cards will be charged a 3% transaction fee and all cards will be subject to a 15-cent charge per swipe. Groupon claims that they are offering the lowest rates, comparing PayPal’s 2.7% fee per transaction and Square’s 2.75% per swipe or a flat fee of $275 per year.

    David Novak
    David Novakhttps://www.gadgetgram.com
    For the last 20 years, David Novak has appeared in newspapers, magazines, radio, and TV around the world, reviewing the latest in consumer technology. His byline has appeared in Popular Science, PC Magazine, USA Today, The Wall Street Journal, Electronic House Magazine, GQ, Men’s Journal, National Geographic, Newsweek, Popular Mechanics, Forbes Technology, Readers Digest, Cosmopolitan Magazine, Glamour Magazine, T3 Technology Magazine, Stuff Magazine, Maxim Magazine, Wired Magazine, Laptop Magazine, Indianapolis Monthly, Indiana Business Journal, Better Homes and Garden, CNET, Engadget, InfoWorld, Information Week, Yahoo Technology and Mobile Magazine. He has also made radio appearances on the The Mark Levin Radio Show, The Laura Ingraham Talk Show, Bob & Tom Show, and the Paul Harvey RadioShow. He’s also made TV appearances on The Today Show and The CBS Morning Show. His nationally syndicated newspaper column called the GadgetGUY, appears in over 100 newspapers around the world each week, where Novak enjoys over 3 million in readership. David is also a contributing writer fro Men’s Journal, GQ, Popular Mechanics, T3 Magazine and Electronic House here in the U.S.

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