Addition of credit card terminals complements Groupon's existing
payments offerings
CHICAGO--(BUSINESS WIRE)--
Groupon (www.groupon.com)
(NASDAQ: GRPN) announced the addition of credit card terminals to the
company's existing payments suite for local businesses. With the
inclusion of terminals, Groupon extends its popular payments service to
the most common way that local businesses accept credit cards and makes
an affordable and sophisticated payments solution available to nearly
every merchant — regardless of the size of their business or budget.
Local businesses have three options to implement Groupon's payments
service on a credit card terminal: configure an existing Verifone and
Ingenico device; purchase a Verifone vx520 from Groupon for $150 (with
no monthly contract or fees); or rent a Verifone vx520 to own for $15
per month (for 12 months). With the ability to run across mobile, iPad
and terminal point-of-sale devices, Groupon now caters to every type of
small business.
"While merchants are attracted to the easy signup, low and transparent
pricing and powerful analytics provided by our payments service, not all
merchants are ready to immediately adopt an iPad or iPhone for their
credit card processing needs," said Sean Harper, director of product,
Groupon. "We anticipate that most merchants will eventually migrate
their payments to tablet and mobile POS systems, but for now, this
option lets them use familiar hardware and still benefit from the
features of our payments service to save money and better manage their
businesses."
In addition to having a cost-effective hardware package, the
pre-programmed device offers:
-
Low-Price Guarantee — Groupon's low-price guarantee to beat any
competitors' rates on credit card transaction fees. Rates of only 1.8
percent plus $0.15 per transaction (MasterCard, Visa and Discover)
with no hidden costs or monthly fees
-
Free Processing — No processing fees on the first $5,000 in credit
card transactions (promotional offer)
-
Payments Center — 24/7 ability to access important business analytics
from all Groupon POS devices, including the ability to run reports on
payments trends, top customers, refund amounts and tip totals.
Groupon expects to add its payments service to additional mobile, tablet
and terminal point-of-sale devices in the future. Merchants interested
in learning more about Groupon's suite of iPad and mobile point-of-sale
and payments solutions for local businesses can visit breadcrumb.groupon.com.
In addition to payments, Groupon offers the Breadcrumb point-of-sale
suite for merchants:
-
Breadcrumb POS — Provides merchants with a contemporary,
effective and inexpensive way to replace their outdated cash registers
with an easy-to-use point-of-sale solution that offers a low-price
guarantee on credit card transaction fees
-
Breadcrumb PRO — Caters exclusively to restaurants and bars
that require a more extensive set of features such as check and table
management and time clock functionality
Low Price Guarantee: Some restrictions apply. See the terms and
conditions at breadcrumb.groupon.com
for details.
About Breadcrumb
Breadcrumb by Groupon is a suite of powerful, cloud-based iPad and
smartphone tools that help businesses operate faster, know their
customers better and maximize revenue. Breadcrumb products include
flexible, affordable iPad point-of-sale products and payments solutions
for all businesses, which include a low price guarantee on credit card
transaction fees, free installation assistance and 24/7 phone technical
support. To learn more about Breadcrumb by Groupon products and to see
them in action, visit breadcrumb.groupon.com.
About Groupon
Groupon (NASDAQ: GRPN) is a global leader in local commerce, making it
easy for people around the world to search and discover great businesses
at unbeatable prices. Groupon is reinventing the traditional small
business world by providing merchants with a suite of products and
services, including customizable deals, payments processing capabilities
and point-of-sale solutions to help them attract more customers and run
their operations more effectively. By leveraging the company's global
relationships and scale, Groupon offers consumers incredible deals on
the best stuff to eat, see, do, and buy in 48 countries. With Groupon,
shoppers discover the best a city has to offer with Groupon
Local, enjoy vacations with Groupon
Getaways, and find a curated selection of electronics, fashion, home
furnishings and more with Groupon
Goods. To subscribe to Groupon emails, visit www.Groupon.com.
To learn more about the company's merchant solutions and how to work
with Groupon, visit www.GrouponWorks.com.
"Groupon" and "Breadcrumb" are registered trademarks of Groupon, Inc.
All other names used may be trademarks of their respective holders.
Groupon
Erin Yeager, 312-999-3434
eyeager@groupon.com
Source: Groupon
News Provided by Acquire Media