VentureBeat’s Rocky Agrawal thinks Groupon’s new payment platform — a mobile payment swipe reader that functions similarly to the small white device manufactured by Square — poses a legitimate threat to Jack Dorsey’s company.
Agrawal says Groupon’s willingness to compete on price could disrupt Square’s business model.
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“Groupon exposes a longstanding flaw in Square’s business model,” Agrawal writes; “It gets too expensive when a business reaches scale or for businesses with high-dollar value transactions.”
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