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Groupon Expands Payment Processing Business

  • Gigaom, Tuesday, May 20, 2014 10:10 AM
Squaring up against payment processing leaders like Square and PayPal, Groupon plans to provide partner merchants with a checkout system, dubbed Gnome, which includes payment processing. The proprietary system will come installed in an iPad, which Groupon will be giving away to each of its partner. The service, however, will cost merchants $10 a month. As GigaOm notes, “Groupon already sold a point-of-sale product, called Breadcrumb, but it cost $100 monthly for a single iPad rental in addition to payment processing fees.”

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