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Paypal Enters the Daily Deal Market



The deal market is an odd duck. It burst on to the scene with a great deal of fanfare and excitement then quickly faded as dozens of look-alike sites popped up on the web.

There have been reports that say the deal site is on the decline, but couponing is up, to the point where people say deals give them a thrill. Paypal is betting that deals are still good business, if you can find a new way to spin it.

PayPal President Scott Thompson says the company will be moving into the deal space in early 2012, but with a twist.

“The experience is going to be completely different than anyone else’s, through and through. We’ll only give you something that we think fits the category of unique and relevant. Everyone else is going to bombard you.”

I’m a fan of Paypal, but surely all of the other deal companies went into the space with the same raison d’être. Exciting! New! Just for you! Scan the space today and you’ll find the usual discounts on spa treatments, dental services and odd adventures.

Now here’s where Paypal has the advantage. They can use their “knowledge about customers’ preferences” to offer targeted deals. Does that mean they’ll be scanning my list of Paypal purchases in order to pick out the right deals for me? Being a coupon fanatic, I don’t mind, but I imagine there will be folks who object. It’s kind of like your local bank getting into the daily deal biz.

Paypal’s other advantage is the ability to go mobile. They want to send you offers as you walk by a partner store or restaurant. From a marketing standpoint, that’s power, especially when you note that Paypal has 103 million members.

  • SanjeevRC

    We already have operational, robust, Independent off mobile operator Mobile Technology and Application which is completely contextual to consumer location. We can push or consumer can fetch deal, robust coupan system with bar codes. so while consumer is walking in or near the store is possible for us.

    Further, to deal platform our mobile application can manage client content, gaming etc.

    Need more details: contact through Twitter or write on mail address.

  • http://www.facebook.com/notes/security-camera/alert-logitech-wireless-outside-cameras/286375034734522 WIRELESS OUTSIDE CAMERAS

    Paypal is great to deal to those who engaged in online business because it is very, easy, fast and secure

  • http://www.aabuk.com Buy Abaya Online

    Well i just love the paypal services. Fast and easy to use.

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    I think Paypal’s advantage is that this is not their core business. In a sense, they’re insulated from the upds and downs of the deals industry unlike the purely coupons or deals site like Groupon. As a fellow coupon fanatic, I’m biased on this but I think the industry has staying power. People love deals so they will always have a market. This is a great move in my opinion. The space is getting crowded but Paypal basically has a captive market here, something that the others didn’t have when they started out. I won’t be surprised if Paypal will give Groupon and the others a run for their money in the months ahead.

    – Mark Johnson

  • http://www.erpsystem.net ERP

    “The deal market is an odd duck.”

    Amen! And an overcrowded duck. And an old duck.

    PayPal better truly offer something unique, or everyone is going to gloss over them. Sure, they say they’re going to do something that noone else is doing, but everyone says that…..