FeeFighters is a payment processing platform and comparison shopping website for credit card processors. The site was launched in 2009 and was acquired by Groupon in 2012. FeeFighters has been featured in

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

Inc. (magazine) ''Inc.'' is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events y ...

and

TechCrunch TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately ...

, with BusinessWeek profiling it as "One of America's Most Promising Startups."Mandelbaum, Robb
In Battling Merchants, Banks Still Hope to Overturn Durbin Rules
"New York Times". October 18, 2011Greenstein, Howard

''Inc.''. May 25, 2011.Tozzi, John
America's Most Promising Startups
''BusinessWeek''. Feb. 4, 2011Parrish, Leni
Credit Card Comparison Service FeeFighters Bought By Groupon
''CreditCardFlyers''. March. 27, 2012

History

FeeFighters started out as a comparison shopping site for credit card processors and eventually launched its own payment processing platform, Samurai, to facilitate payment integration for software developers, achieve PCI compliance and reduce credit card processing fees.Chapman, Glenn
How to Cut Transaction Costs on Customer Purchases
''Entrepreneur''. May 20, 2011. FeeFighters raised $1.6 million in funding from investors including

500 Startups 500 Global (previously 500 Startups) is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California ...

Hyde Park Angels Hyde Park Angels is a venture capital group founded in 2007 and based in Chicago, IL, which focuses on angel investments. Structure and application process The Hyde Park Angels' approach to investing is "more like a traditional venture capita ...

, OCA Ventures and

Sandbox Industries Sandbox Industries is a venture capital firm located in Chicago. The firm focuses on connecting established corporations with disruptive startups via strategic corporate investment funds. History Sandbox was founded in Chicago in 2003 by Bob S ...

Controversy

In 2011, FeeFighters wrote a negative blog article claiming that a company bumped its rating from an "F" to an "A" by paying the Better Business Bureau. The controversy was covered by The Today Show. As a result, the BBB pulled the company's accreditation. The BBB later admitted the pay-for-ratings incident.

Acquisition

In 2012, FeeFighters was acquired by Groupon. The company became part of Groupon's Merchant Operating System strategy which was designed to provide payment processing and online scheduling.

References

External links

*{{Official website, feefighters.com Internet properties established in 2009 Online financial services companies of the United States Companies based in Chicago Credit cards in the United States Comparison shopping websites