Popular deal website Groupon has just updated their Android app by including the Groupon Payments feature. This will allow merchants to accept credit card payments at the lowest rates. The update makes this relatively new payment service be able to compete with Square, a popular payment service, which has been in on Android since 2010.
According to Gene Alston, General Manager of Groupon Payments “We’re thrilled to bring the powerful features of the Groupon Merchants app and the cost savings and convenience of Groupon Payments to more merchants with smart phones. This app is an effective tool for merchants looking to process payments and track customer growth.”
Merchants who will be using Groupon are expected to set retailers back by at least $0. 15 per transaction plus the regular 1.8% charge for Visa, MasterCard and Discover or 3% if American Express is used.
Some of the features of the new Groupon app includes
- Hassle-Free Enrollment – Activate the service within minutes
- Comprehensive Features – Use the Groupon Merchants app to enter bill totals, add tips, apply taxes, process refunds and email customer receipts
- Dependable Service – Backed 7-days-a-week by a dedicated Groupon Payments support team reachable by phone and email
- Security – Encrypted credit card information keeps customer data safe
- Analytics – Payments information is seamlessly available through the online Payments Center where merchants can view live transaction history, check daily sales reports, track deposits to their bank account and analyze revenue trends
- ROI Tracking – Groupon Merchants can scan and redeem customer Groupons and monitor tips and additional spending to track the success of their deal
Groupon is a deal website that provides discounted rates from everything ranging from travel to restaurants. The company was formed in 2008 with its first market being Chicago. Due to its success it soon spread out to Boston, Toronto and New York City. In 2010 the company has reported that it already had 35 million users spread out in 150 markets in North America and 100 markets in Asia, Europe and South America.