In LevelUp’s case, it takes a cut of special promotions and loyalty programs. PayPal Here is similar, but it uses the credit card information you’ve stored online, and it’s hard to find a participating local merchant.Īside from Google Wallet, which stores your credit cards digitally, mobile payment platforms generally lure small businesses by taking a smaller cut of electronic transactions than credit card companies do. Groupon’s answer to the notion of turning your smartphone into a credit card is no thanks. ![]() “Right now, what merchants like the best is the credit card payment. “LevelUp is a QR code-based system, which means it’s a lot more complicated for the customer,” said Sean Harper, director of product management for payments at Groupon. Yet Groupon wants to paint LevelUp as daunting, which is telling about the threat it poses.
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