Founded two years ago, PayPal is an online payment service that has expanded its footprint to a number of other markets. The company has recently acquired the technology and now provides its own app that works with PayPal and Venmo. The next step for Honey is to develop a similar app for Amazon. It could be a major competitor to PayPal and Venmo in the future. Until then, Honey is a promising experiment.
The new browser extension is called Honey, and it promises to search more than 30,000 retail sites and apply the best available coupon codes at checkout. The extension also helps users to select the most suitable products from multiple sites, including Amazon and Walmart. Once the customer has made their selection, they will be offered a variety of options, including coupons for other websites. In addition to finding the lowest prices, Honey will also help customers to earn points and cash back. Using Honey, users can receive a surprise bonus of 20% on eligible purchases. The app works in Firefox, Safari, and Edge, and it is available for Chrome, Firefox, and Safari.
The company makes money by charging retailers a percentage of sales. In return, it helps consumers find discounted products online. With 17 million monthly active users, the service works with thousands of retailers, including Walmart, Amazon, Overstock, and Saks Fifth Avenue. The app is free to use, and it does not sell the user’s personal information. It doesn’t track non-retail websites, and it doesn’t need personal information to make a profit.