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It would require credit card companies to report the gross amount of payments made to each merchant each year.
Separately, the Bush Administration has proposed requiring credit card companies to report the proceeds paid to each merchant.
It's up to each merchant to determine what makes someone their best customer and how many Nift cards they want to give out, but Pfeffer (a data scientist who previously founded influencer marketing company Pursway) said his team has built sophisticated tools to find "the perfect match" between customers and gifts.
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"We're moving beyond the buy ten get one free program to work closely with each merchant to try to uniquely appeal to their customers," says LaHive.
He said the service would take from two weeks to two months for each merchant to put into place.
Class action suits would face many obstacles, not least because Groupon leaves it to each individual merchant to track voucher redemptions, making it difficult to identify which consumers are entitled to refunds.
However, if you choose to opt-in to geofencing, you can configure Square to open your favorite merchant tabs automatically by toggling the "Auto-open Tab" setting to "On" within each merchant's card.
Says Mossler, "Our sales reps work with each merchant to craft the deal that's best for their particular business, and we push back if we think they'll be overwhelmed; but ultimately it's the responsibility of the merchant to know what they can handle.
Review all of your possible expenses for a given month and contact each merchant to find out if they accept credit card payments without charging any fees.
In addition, Visa and MasterCard have agreed to make their databases of debit card transactions available, allowing retailers to determine exactly how much each merchant is owed.
The current markets, in addition to being too small, costs each merchant thousands of dollars each year because they lack loading bays that are level with the back of shipping trucks.
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