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Friday, May 25
2012, 12:00 PM
Groupon (GRPN) bear Rocky Agrawal has obtained an e-mail suggesting the company will launch a...
Groupon (GRPN) bear Rocky Agrawal has obtained an e-mail suggesting the company will launch a credit-card reader that charges a fee of just 1.8%, along with a $0.15 transaction charge. This compares with a fee of 2.75% for fast-growing Square, and 2.7% for solutions (I, II) from PayPal (EBAY) and Verifone (PAY), but with no transaction charge. Consider this part of Groupon's efforts to brand itself as a broader solutions provider for local merchants, rather than a mere daily deals company.