PayPal Australia has announced a new, ‘complete’ payment solution for small businesses: PayPal Here.
PayPal Australia has today announced the arrival of PayPal Here, an app and bluetooth device aimed at providing small businesses, service providers and casual sellers an easy way to accept credit transactions via a smartphone.
Specifically designed for Australian payments where chip and PIN cards are widely adopted and will soon be enforced for all ATM, card and payment terminals.
Registrations for the new product have opened as of today, with devices expected to shop within the first half of the year.
The first iteration of PayPal Here was released in May 2012, whereas the new product includes an entirely new device that transforms smartphones into complete payment solutions. PayPal advertises the product as “simple to use and easy to set-up, PayPal Here not only allows businesses to accept credit and debit MasterCard and Visa card payments, it also allows them to generate and distributed invoices and has the ability to log cash payments”.
PayPal Here costs $139 to get started for one card reader, and users are then charged a fee per transaction after that (1.95 percent for credit card payments via the card reader; 2.4 percent + 30c for invoicing; 2.9 percent + 30c for credit cards keyed into the app).
“With our long heritage as a trusted brand in Australia, we have been providing innovative technology solutions for businesses of all sizes for over a decade. With PayPal Here we’re proud to offer small businesses a solution that helps them take advantage of every sales opportunity, enabling secure payments online, on mobile and in-store, wherever or whenever they do business,” said Andrew Rechtman, Senior Director of SMB, Retail and Strategy at PayPal Australia.
“Today’s shopfront is increasingly mobile with consumers embracing this trend and no longer expecting to have to travel to a shop for everyday goods and services. This is why we’ve developed the new PayPal Here – to give businesses the flexibility to be more mobile, without being hampered by logistical challenges that technology can easily overcome.”
At this stage, businesses are able to register their interest in receiving PayPal Here on the website, while the device will become more generally available later this year.
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