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PayPal unveils mobile payment system for small businesses


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#1 TheSentinel

TheSentinel

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Posted 17 March 2012 - 07:35 PM

QUOTE
PayPal unveils mobile payment system for small businesses
A free thumb-sized card reader attached to the mobile phone and a phone app will allow processing of payments
By John Ribeiro
March 16, 2012 12:28 AM ET

IDG News Service - PayPal is targeting small businesses, service providers, and casual sellers on the move with its new PayPal Here service which allows vendors to process a variety of payments including checks and cards using their mobile phones.

The new service unveiled Thursday includes a free app and encrypted thumb-sized card reader, which allows merchants with an iPhone, and later Android smartphones, to process payments.

Merchants can accept payments by swiping cards in the card reader, scanning cards and checks using their phone cameras, or by entering card information manually into the app, the eBay unit said. They can also send an invoice and set payment terms, and accept PayPal payments from the app. The check facility is however only available in the U.S.

An iPhone version of the card reader and merchant app is available from Thursday to select merchants in the U.S., Canada, Australia and Hong Kong, with general availability in those countries scheduled for April. PayPal also plans to have an Android version of the merchant app by then. It will announce the availability of the service in more countries soon, it said.

See more about at: http://www.computerw...mall_businesses



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