Print 28 comment(s) - last by ven1ger.. on May 16 at 7:06 PM

PayPal is looking to eliminate cash registers and wallets to create a digital payment ecosystem in retail

PayPal wants merchants to get rid of their traditional cash registers and opt for its new program: Cash for Registers. 

Cash for Registers will reward merchants who decide to trade in their cash register for a solution like PayPal Here -- which allows payments to be processed on-the-go via an iPad, iPhone or Android device. 

What will merchants receive for ditching their cash registers, exactly? PayPal will give them free credit, debit card, check, and PayPal processing for the remainder of the year (as long as they're a qualifying U.S. business). 

In addition to free processing, PayPal will spread the word about businesses who participate in Cash for Registers to its 55+ million U.S. (128 million worldwide) customers.

PayPal said it is partnering with ERPLY, ShopKeep, Vend and more in order to launch the service. 

While it doesn't launch til next month, businesses can sign up for it here

Source: PayPal

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payment method
By Nortel on 5/15/2013 2:56:00 PM , Rating: 1
Am I the only one who would never swipe my credit card onto somebody's phone? Brave new world?

RE: payment method
By VoodooChicken on 5/15/2013 3:04:10 PM , Rating: 5
How's that different than any other credit card transaction? The vendor's phone doesn't read your card, the card reader does. If you trust verifone or whomever at the grocery store, squareup does the same thing, pretty much the same way.

RE: payment method
By CZroe on 5/15/2013 10:42:44 PM , Rating: 2
Because a phone the clerk can treat like their own is a lot more easily compromised than a register. When I was at the Del Mar Fair in San Diego I immediately canceled my check card after an idiot at the very first booth I stopped at thought it would be a good idea to hold his phone under the counter and send a text message while holding my card in his hand. He may have just been texting his friend back but I wasn't taking that risk. You're taking that risk when you hand some clerk your card and let them swipe it into a phone. Even without unintentional malware or a compromised phone and even with locked-down "secure" devices, an intentionally malicious clerk can put the reader into their own personal phone or tablet and you'd have no idea.

RE: payment method
By Brandon Hill on 5/15/2013 3:40:15 PM , Rating: 3
There's a local snowball shop here in town that we LOVE going to. Their "cash register" is an iPad 3G with a Square dongle attached.

RE: payment method
By ipay on 5/15/2013 9:41:00 PM , Rating: 4
My wife and I go to some parties where the snowballing is free.

RE: payment method
By Brandon Hill on 5/16/2013 12:04:46 AM , Rating: 4
Just looked snowballing up on urban dictionary...


RE: payment method
By Strunf on 5/16/2013 7:34:32 AM , Rating: 2
What was seen cannot be unseen! :/

RE: payment method
By ven1ger on 5/16/2013 6:39:53 PM , Rating: 2
I just had to look it up...after the first sentence, I knew I didn't need to read more...

Never knew they had a term for that.

RE: payment method
By Motoman on 5/15/2013 3:48:44 PM , Rating: 3
I wouldn't if it was PayPal.

But I have a Square unit myself. Use it on occasion for my small business...or whatever. Very handy and way better than the old merchant account that I had to pay a significant amount of money to have every month...even though on some months I wouldn't even use it at all.

RE: payment method
By fic2 on 5/15/2013 3:56:19 PM , Rating: 4
I can't believe that merchants would trust paypal since they have a history of screwing both the buyer and the seller.

RE: payment method
By Motoman on 5/15/2013 8:21:41 PM , Rating: 2
I can't believe that anybody, anywhere still trusts PayPal - or their inbred brother eBay.

RE: payment method
By ven1ger on 5/16/2013 6:44:35 PM , Rating: 2
Used to use Paypal for Ebay mostly years ago, but after all the problems people were reporting about Paypal, I decided that I didn't want to put my trust in them, so basically gave up on Paypal, though I'm not a seller, just a buyer.

RE: payment method
By artemicion on 5/15/2013 5:17:00 PM , Rating: 2
Personally, I'm less concerned with credit card fraud from merchants using this kind of technology. Way too easy for the police to track down the funds and eventually the culprit. Granted, I'm not going to swipe my credit card to pay for something on craigslist.

By spamreader1 on 5/15/2013 2:48:49 PM , Rating: 3
Yea, won't be shopping at stores that won't take cash. Gas Stations yea maybe no biggie, restaurants, retail, etc. eh no.

RE: uh
By AntiM on 5/15/2013 4:26:55 PM , Rating: 2
Any retailer or vendor that requires me to have a Paypal account will lose my business. I always pay cash at convenience stores and restaurants. I refuse to have a Paypal account. It's hard enough just trying to keep a credit card account from being hacked.

RE: uh
By Cheesew1z69 on 5/15/2013 5:01:46 PM , Rating: 1
Where do you get the impression they aren't going to take cash?

RE: uh
By Fritzr on 5/16/2013 12:12:22 AM , Rating: 2
It couldn't possibly be the title or the constant references to toss the cash register and get free PayPal processing...

Naw, that couldn't have anything to do with people thinking this offer is asking vendors to toss the cash register.

RE: uh
By Cheesew1z69 on 5/16/2013 1:19:55 AM , Rating: 1
That's an absolutely silly assertion, people take cash all the time without a cash register...

RE: uh
By Cheesew1z69 on 5/16/2013 1:58:15 PM , Rating: 2
Rated down, again, for truth. Wow, pathetic.

RE: uh
By xti on 5/16/2013 5:03:44 PM , Rating: 2
i love miles, so I am the other way around. if you dont take my visa, ill just buy it from someone who does.

your money should make you (more) money.

I quit using PayPal
By ShaolinSoccer on 5/15/2013 3:03:47 PM , Rating: 2
When they decided to ask me for all kinds of personal information, I decided enough is enough.

RE: I quit using PayPal
By fic2 on 5/15/2013 3:54:52 PM , Rating: 2
I decided to stop using it when I got ripped off by someone on ebay who sent me burned DVDs instead of the real ones I thought I was buying. Both paypal and ebay - work it out with the thief. Me - fu, I'll never use your services again.

RE: I quit using PayPal
By Dr of crap on 5/16/2013 12:53:58 PM , Rating: 2
You do realize YOUR using Paypal had nothing to do with the product you received?
It was your fault for picking the bad DVDs not Paypal or ebay.

RE: I quit using PayPal
By fic2 on 5/16/2013 1:18:37 PM , Rating: 2
Yes. But neither paypal nor ebay would help me in any way. If I had been using a credit card my credit card company would say - ok, we will reverse the charges and investigate. Both paypal and ebay said, "oh, sorry. Better luck next time." ebay even took down my negative rating of the seller when I stated he/she was selling counterfeit DVDs.

Basically there is no recourse with paypal.

RE: I quit using PayPal
By ven1ger on 5/16/2013 7:06:20 PM , Rating: 2
Don't see how it was his fault. If you purchase something that you believe to be the original DVD and not a copy (which is illegal by the way) then he's not at fault. The only way I can see if this is his fault is if the seller said these were copies, but then Ebay would be abiding an illegal act.

If Ebay allows a seller to sell copied DVDs via their website, they can be held liable for DRM or at the least copyright violations, especially if they don't act upon it. Paypal would also be complicit in that if the buyer proclaims that they purchased something and got something illicit in return and Paypal didn't act, then they are also complicit.

The buyer did everything that he was supposed to but the people who were responsible for making sure that these transactions are legal failed in their duty.

Who will be stupid enough to trust Paypal?
By aurareturn on 5/15/2013 4:37:02 PM , Rating: 2
Paypal will not think twice about locking your account. Often times, they won't even give you a reason. Your money which is needed to run your business can be locked in the account for months or even forever.

Whoever trusts Paypal can get their business completely ruined.

By russki on 5/16/2013 2:28:34 PM , Rating: 2
I use paypal and have a dedicated account for them.
As soon as money hits it I transfer that money to another account... so lock away paypal.. an account with 0 balance

I lost trust in them when I sent 800 dollars to a person for a car part that literally shipped me bricks in a box. Paypal wouldnt side with me, even though I never actually accepted the package, as long as there was a tracking number, that was good enough for them. Well I did get my money back from my cc in the end, what a bunch of idiots paypal is.

By PhilipCohen on 5/15/2013 9:37:54 PM , Rating: 2
Pay with "PreyPal" at physical point of sale—LOL ...

Hello MasterCard "MasterPass". Goodbye clunky PreyPal—it has not been nice knowing you ...

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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