- Mashable, Friday, January 21, 2011 12:25 PM
Take that, Groupon! As Google executives previously suggested, the search giant is going full-speed ahead with a daily-deal service. "Google Offers is a new product to help potential customers and
clientele find great deals in their area through a daily email," reads a confidential fact sheet obtained by
Mashable. At first glance,
Google Offers looks and operates just like Groupon and other daily deal services, which send subscribers limited-time discounts on local services via email.
"From what we can tell, Google
Offers will be powered by Google Checkout," writes Mashable. "It also includes Facebook, Twitter, Google Reader, Google Buzz and e-mail sharing options." As Google admits, it's already actively
reaching out to businesses to get them on board with Offers, and has assembled a dedicated writing team to craft the offers. "Google is communicating with small businesses to enlist their support and
participation in a test of a pre-paid offers/vouchers program," Google said in a statement to Mashable. Also, according to Mashable, Google plans to pay out 80% of a business' revenue share three days
after its deal runs, while holding onto the remaining 20% for 60 days to cover potential refunds.
Read the whole story at Mashable »