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Groupon introduces mobile payments system

Sarah Jacobsson Purewal | Sept. 21, 2012
Online coupon broker Groupon debuted a new payments system on Wednesday meant to offer the "lowest rates in today's marketplace" to U.S. merchants who use its couponing service.

Groupon's new payments system will also let merchants get paid faster: overnight, instead of the typical two-to-three-day wait for money. Its supplementary online Payments Center allows merchants to view a transaction history, check sales reports, and track deposits. Plus, a dedicated support team is available by phone and email seven days a week.

The question that remains: Will Groupon merchants forever be able to use Groupon's new payments system at the lower rate, or will the lower rate expire when their Groupon promotion expires? At the time of this posting, Groupon had not responded to a request for comment.

 

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