(CBS RADIO) – There could soon be another way to take advantage of those Groupon deals.READ MORE: North Texas Looks At High-Speed Rail Between Dallas And Fort Worth
Groupon is testing a payment service that will allow merchants to accept credit card payments from an iPhone, iPad or iPod Touch. And according to VentureBeat.com they company is offering merchants a rock bottom price on the service, as well as free hardware.
The Groupon payment system will compete with one from PayPal, as well as another from a company called Square. PayPal and Square charge merchants roughly 2.7-percent per transaction – with no processing fee.READ MORE: 'I Feel Like I'm Doing Something That Actually Matters' Says North Texas Mom Who Became Truck Driver Amid Nationwide Shortage
But Groupon is said to be offering service at 1.8-percent, with a 15-cent per transaction fee. The company is reportedly planning to offer merchants a free iPod Touch to accept the payments.
With this type of technology even the smallest of merchants can now accept credit cards using their smartphone.MORE NEWS: Small North Texas Businesses Facing Price Increases And Missing Product Due To Supply Chain Issues
While the Groupon payment service is reportedly still in the testing phase, Square is open for business at Square.com.