Designed especially for small business owners, the PayPal Here mobile payment service will soon be made accessible through the iPhone. The package will comprise an application plus a fully encrypted thumb-sized card reader, the pair of which will enable the handset to accept payments made by debit and credit cards.
This system can also be used by small business establishments to send invoices or acknowledge money through PayPal and checks. While cards can be swiped using the reader, checks are allowed to be scanned through the app. Details can also be entered manually.
“Helping small businesses grow and accept payments has been in PayPal’s DNA since its inception 14 years ago,” commented PayPal’s vice president of mobile, David Marcus. “We’ve heard small businesses loud and clear. They don’t want to miss sales opportunities because they can’t accept the payment type that their customers want to use. They want quick access to their money, a reliable card reader, and one transparent, low fee to process these payments. I’m thrilled to launch PayPal Here because we’ve been able to bring all of these key features together into a product that’s so simple to use.”
Along with this, the company has announced the release of the latest PayPal mobile app for iPhone. Compatible with PayPal Here, this may be utilized by regular people. With the ‘local’ feature, users can search for merchants who accept payments through the Here app.
The PayPal Here app and card reader are now available via select merchants in countries like the U.S., Canada, Australia and Hong Kong. The free app will soon see a global roll-out. The PayPal app for iPhone updated version, can be grabbed through the Apple App Store. An Android compatible PayPal Here is also said to be in the pipeline.