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PayPal begins letting users pay by scanning a QR Code

Paypal has began utilizing QR codes as a quick and easy way to pay for items purchased at retail locations (NASDAQ:EBAY)

| Business, Financial & Legal News | Posted: Oct 8, 2013 11:30 pm

PayPal has been seemingly fighting an uphill battle while trying to get it's mobile payments system off the ground, and established mobile payment competitors like Square are not making things easy. In an effort to make paying with your mobile phone even easier, PayPal today announced a new way to pay by using QR Codes, something they hope will become the defacto payment method for mobile purchases.

 

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The new QR code payment services works by letting you check into a location with the PayPal mobile app, and then a QR Code is generated which the business can then scan to complete the payment. If the merchant does not have a scanner that is QR code friendly, a code is provided that can be punched into a PIN Pad to complete the transaction. This new service is set to begin rolling out in Q1 of 2014, and only time will tell if it is a good move or not.

NEWS SOURCES:Mashable.com

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