PayPal has unveiled PayPal Here, a small card reader device the
size of a thumb for SMEs to accept payments on mobiles.
PayPal Here allows merchant to accept payments by swiping cards
in the card reader, scanning cards and checks using their phone
cameras, or manually entering card information into the app, the
company assures.
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It also makes it possible to send invoices and
set payment terms directly from the app.
PayPal has also released a free PayPal Here
app and said that the solution would soon be available on the
Android operating systems.
“SMEs don’t want to miss sales opportunities because they
can’t accept the payment type that their customers want to use,”
said PayPal’s vice president of mobile, David Marcus.
The new device has been rolled out “exclusively to select
merchants” in the US, Canada, Australia and Hong Kong and will be
widely available in those countries next month.
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By GlobalDataPayPal’s first m-payment global solution
represents a further step towards its strategy of entering the
physical world and a bid to compete with Square’s mobile money
services.
