The company was so successful that it in just 18 months, its staff levels rose from 30 to over 350 and it was valued at over $1 billion. One group of users decided that their ‘Point’ was to save money by getting a group discount for people wanting the same product. Mason launched ‘The Point’, which was a social media platform where people could come together to make a point or achieve a goal. Groupon’s founder, Andrew Mason, became frustrated with his inability to cancel a cell phone contract and believed that with collective bargaining power, the man in the street could put pressure on businesses and alleviate the frustration felt by many. To see how that compares have a look at: UK Merchant Account and Credit Card Processing Fee Comparison. It charges a marketing fee for promoting an offer which varies depending on your industry, market and consumer demand. Groupon doesn’t reveal its merchant fees online.

Groupon accepts online payments made with the following debit and credit cards Groupon Merchant Credit Card Processing & Payment Services Groupon Merchant Credit Card Processing & Payment Services.

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