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Plastic On The Rise

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Today Groupon announced the launch of a new payments service - one that guarantees to be the cheapest and simplest option for local businesses to accept credit cards. Built into the latest version of the Groupon Merchants app for the iPhone and iPod Touch, the payments service will beat any other available rates — offering local businesses significant cost savings on credit card processing fees. What does this mean for us little guys on the ground? All of the cash-only spas, salons and other businesses that may have chosen not to accept credit cards because of the previously-high processing fees, this new payments service could be a solution. [Racked Wire]