Groupon Inc. (GRPN)

[FUNMAN]

Groupon Launches Local Restaurant Deals for American Express Card Members


CHICAGO--(BUSINESS WIRE)--May 7, 2018--Groupon, a marketplace where you can save up to $100 a week on the things that you do every day in your neighborhood, has added American Express, a fellow champion of supporting local, independently-owned small businesses, to its Groupon+ (Groupon Plus) free-to-claim, cash-back restaurant deals program currently available in approximately 25 U.S. markets. Once the partnership is fully ramped, American Express Card Members in Groupon+ cities will be able to take advantage of offers at thousands of participating local restaurants––all without the hassle of a having to print out a piece of paper or hand over their phone.

“We’re thrilled to add American Express to our growing Groupon+ program––giving us the three largest payment networks in North America,” said Groupon’s President of North America Aaron Cooper. “Groupon+ removes the hassles associated with using a Groupon voucher at local restaurants and makes it super easy for people to take advantage of great offers when they use their enrolled card to dine out in their neighborhood.”

At the end of 2017, Groupon+ had 2.7 million cards enrolled in the program and nearly doubled consumer and merchant participation in each of the previous two quarters.

How Groupon+ Deals Work:

Free to claim - Get cash back deals for FREE without pre-paying for anythingEasy - No awkward printouts, no blackout datesEvery Time - Once enrolled, the offer is good every time you purchase something from participating restaurants for the duration of the promotion

Together, American Express, Mastercard and Visa accounted for 96 percent of purchase volume on U.S. general purpose credit cards in 2017.*

To sign up for Groupon+, people can visit https://www.groupon.com/plus/signup to enroll and start adding cash-back restaurant offers to their eligible credit cards.