PayPal to Buy Honey

Hopefully by now you’ve heard of Honey. It is a browser extension you add to your browser. When you are on a shopping site, such as Amazon.com or Kohls.com, it will appear near the price and tell you if the price is a good deal. If not, it will show you other places where there are better prices.

When you put things in a shopping cart, it will run through a bunch of store codes and try to find a deal for you.

I have used it a few times. Here’s a caveat: on one site, I had gotten there through a special link that added a discount to my full order. During checkout, it went ahead and ran through the codes and couldn’t find any. In the process, the 25% discount I started with disappeared and I was left with a higher price. In this case, I closed my browser and came back to the site through that link. Seeing the discount back in the cart, I was able to check out with my discount.

What has people perplexed is the price PayPal is paying to acquire Honey: $4 billion dollars. They plan to accelerate Honey’s growth by driving adoption among Paypal and Venmo users.

Find out more about this acquisition: https://investor.paypal-corp.com/news-releases/news-release-details/paypal-acquire-honey