Print 14 comment(s) - last by SMO_margaux.. on Mar 21 at 10:36 AM

PayPal Here  (Source:
The new service allows small businesses to accept many forms of payment via the Internet, offline and mobile devices

PayPal announced a new payments solution today called PayPal Here, which aims to help small businesses make more sales via the Internet, offline and mobile devices.

PayPal Here allows small businesses to accept pretty much any type of payment. Payments can be received in a number of ways, including using an encrypted card reader for swiping credit cards; using a phone camera to scan credit cards and checks; via PayPal accounts, and directly through the mobile app.

In addition to added payment features, small businesses will also receive fraud management capabilities, a flat rate of 2.7 percent for card swipes and PayPal payments, a business debit card for easy access to their money as well as 1 percent cash back on certain purchases, and PayPal's 24x7 live customer support.

According to PayPal the difference between PayPal Here and other mobile payment solutions is that PayPal Here comes from a trusted name, where small businesses can rest assured that their funds are in safe hands.

"PayPal has a long history of helping small businesses," said David Marcus, Vice President of Mobile PayPal via the PayPal Blog. "For 14 years we’ve provided the tools and services that have allowed millions of small businesses to grow by solving the complex and critical task of processing payments securely and easily in more than 190 countries. Helping small business owners get paid is in our DNA. That’s why I’m excited to unveil PayPal Here, a new payments solution that will help small businesses get paid – whether they do business online, offline or on mobile."

PayPal has been working diligently to make its way into more businesses, both online of offline. Last month, the e-commerce payments company said it was making its way into brick-and-mortar retail stores by offering more data transparency and competitive prices.

PayPal Here is already available to certain businesses in the United States, Canada, Hong Kong and Australia starting today. It will be available in other locations next month. Check out the video below for added details:

Source: The PayPal Blog

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By retrospooty on 3/16/2012 11:37:36 AM , Rating: 2
I like this option as a consumer. I like it on etailer sites as well.

I am not 100% sure, but I think 2.7% is basically the same rate that Visa/Matercard etc charges the business for using it, so for them no difference.

RE: Sweet.
By nafhan on 3/16/2012 12:28:11 PM , Rating: 2
They're competing with Square, which is very surprisingly not mentioned in this article. Square has had a similar card swiper thingy for a while now, and they charge the same percentage per transaction.

Paypal has the advantage of unifying the online and offline payments and the advantage of brand recognition. Unfortunately for Paypal, in their case, they also have the disadvantage of brand recognition...

RE: Sweet.
By phantom505 on 3/16/2012 7:59:09 PM , Rating: 3
PayPal (and eBay) with their anti-Seller policies can go DIAF. They want me to take all the risk of a bad buyer (ie refund the buyer but he gets to keep my items) but charge me fees for the privilege. I'm killing my PayPal account again and I'll avoid merchants that use them.

RE: Sweet.
By spread on 3/16/2012 10:41:32 PM , Rating: 2
I am not 100% sure, but I think 2.7% is basically the same rate that Visa/Matercard etc charges the business for using it, so for them no difference.

And all for the low price of your soul. Paypal has the worst customer service I have ever experienced and ever heard of.

I can't wait to read the hilarious stories of them stealing money and locking people's accounts (and people's money).

In the future.
By dark matter on 3/16/2012 8:19:04 PM , Rating: 3
Can you please clearly indicate which are articles and which are adverts. I got about 25% down this and realised it was an advert. Don't waste my time like that. Tell me if its an advert. I'f I'm interested, I'm more likely to read a "sponsored article" if I am told about it upfront.

RE: In the future.
By Iketh on 3/16/2012 9:53:38 PM , Rating: 2
uhhh... i wanted to read this... not sure why you're complaining about learning something

RE: In the future.
By mindless1 on 3/19/2012 1:59:57 PM , Rating: 2
Ah, but are we learning about the service or only learning that it now exists? When an "article" is overly optimistic and only contains info from the company offering it, that's advertising, not the tech behind it with this being a tech site.

In other words, we're now past the point where anything present on the internet is tech related as the internet covers just about everything these days.

By kjboughton on 3/16/2012 3:30:37 PM , Rating: 2
I would rather slam a screwdriver through my head than deal with Paypal. Watch out.

RE: Yeah
By mindless1 on 3/19/2012 2:01:55 PM , Rating: 2
uhh, usually the expression is stab a screwdriver in my eye.

PreyPal Here. No thanks ...
By PhilipCohen on 3/18/2012 11:58:09 PM , Rating: 3
Square (in which Visa bought an interest in 2011) has absolutely nothing to worry about, sans its effectively mandated use on the eBay marketplace, the clunky PreyPal could not hit the side of an old timber barn, let alone a modern B&M one.

“Anuj [Nayer], who is PayPal's Global Director of Communications, said payments processed through PayPal Here would be protected the same as any other PayPal payment method - which explains why the Terms of Sale for Here includes a mention of rolling reserves. Yes, merchants who use the new card reader will be subject to the regular PayPal reserves and holds (rare occurrences for sellers in most categories, said Anuj), and PayPal is extending buyer protection to shoppers who transact with PayPal Here merchants.”

Well, many merchants already know what PayPal “protection” is like; many merchants already know what PayPal “rolling reserves” and “holds” are about; and many merchants already know what PayPal “buyer protection” is about—it has a hard wired bias towards the buyer: effectively there is no transaction mediation process as any reasonable person would understand it. And PayPal’s Nayer gives a different meaning to the word “rare” to what the rest of us understand it to mean … And for all this, PreyPal’s fee is only 0.05% cheaper than Square’s? Are they serious?

Am I missing something here or is this initial launch information not sufficient to cause this product to be literally “dead on arrival”? To me it sounds like another Donahoe foray with Alice down the rabbit hole.

Next time you drop into Home Depot, ask the check-out chick if anyone has yet used (the wholly eBay-funded roll out of) PreyPal to make a point-of-sale purchase. PreyPal at B&M Point-of-Sale is little more than an eBay Dept of Spin-created illusion and is undoubtedly a total waste of eBay shareholders’ funds. PayPal Here will likewise be another eBay lead balloon …

And, just for a laugh, a comment on “The New Way To Pay In-Store” via eBay's clunky faux "bank" PreyPal, and some other matters.

eBay / PayPal / Donahoe: Dead Men Walking

By DockScience on 3/16/2012 2:58:32 PM , Rating: 2
I predict that the Obama administration will declare war on PayPal in order to protect their banking friends.

If I ever become homeless...
By V-Money on 3/17/2012 12:45:16 PM , Rating: 2
...I will definitely get one of these and be on the street with a sign that reads "homeless veteran, anything you can spare is appreciated. Paypal accepted. God Bless".

By mareb on 3/20/2012 11:09:35 AM , Rating: 2
I have been using PayAnywhere for my business for a while. They have proven to be reliable, as I always receive my funds on time. Their app is very easy to use and had made credit card processing a breeze. I definitely won’t be switching.

By SMO_margaux on 3/21/2012 10:36:00 AM , Rating: 2
PayPal collect and hold your money, Square's transaction charge is over-the-top (expensive). I need other options... heard of mPowa... I need to know what it offers.

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