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PayPal unveils 'PayPal Here' service, sports a free card processing app and card reader

PayPal Here is, here. A simple way to accept credit and debit cards, anywhere you do business
| Business, Financial & Legal News | Posted: Mar 19, 2012 5:23 am

PayPal have had the thirst for business for quite sometime now, and aren't just content with staying online, and so they should be. The company revealed their latest PayPal service: PayPal Here.

 

paypal_unveils_paypal_here_service_sports_a_free_card_processing_app_and_card_reader_06

 

With PayPal Here, the service includes a free card processing app, as well as a unique triangle-looking thingo that attaches to most Android and iOS-based devices. From here, you can swipe a credit card at literally any location in the world, as long as you have Internet access.

 

This isn't something new in itself, but PayPal's transaction fee is: just 2.7-percent with no monthly fees. The 2.7-percent is universal to boot, which means you could use any card you like, including American Express, and you'll be charged just 2.7-percent of the total. At the moment, mobile card processing pioneer, Square, charges a universal 2.75-percent transaction fee.

 

Another competitot, Intuit's GoPayment charges 2.7-percent, but has higher fees if you're swiping an AMEX card. PayPal Here is being made available to the U.S., Canada, Australia and Hong Kong, but hasn't officially launched yet. At the moment, the new service is being tested by a couple of companies.

NEWS SOURCES:Paypal.com, Techspot.com

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