PayPal to Merchants: Ditch the Cash Register, Get Free Payment Processing
May 15, 2013 2:20 PM
comment(s) - last by
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
-- 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
This article is over a month old, voting and posting comments is disabled
RE: payment method
5/15/2013 3:04:10 PM
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
5/15/2013 10:42:44 PM
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.
"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer
PayPal Introduces "PayPal Here" for Small Businesses
March 16, 2012, 10:54 AM
HTC Desire 510 Officially Announced, May be First 64-Bit Android Smartphone
August 27, 2014, 3:50 PM
Report: Apple to Unveil "iWatch" at iPhone 6 Event on September 9
August 27, 2014, 2:00 PM
Reports: Snapchat is Now Worth $10B, Cofounders are Billionaires to Be
August 27, 2014, 9:30 AM
Tim Cook Says iPad Sales Have Merely Hit a Temporary “Speed Bump”
August 27, 2014, 9:16 AM
ZOTAC Announces Diminutive ZBOX PI320 pico
August 27, 2014, 9:00 AM
Verizon Wireless' VoLTE Service Tiptoes Closer to Launch
August 26, 2014, 3:21 PM
Most Popular Articles
Microsoft's Surface 2 Tablet Family Gets a $100 Price Cut
August 25, 2014, 1:16 AM
Report: Microsoft to Announce Windows 9 on September 30
August 21, 2014, 11:20 AM
From HULC to FORTIS: the Evolution of Lockheed Martin's Incredible Exosuit
August 22, 2014, 12:45 PM
SpaceX Falcon 9-R Rocket Suffers Malfunction, Self-Destructs During Test Flight
August 23, 2014, 9:36 AM
Owner of "Decepticon" Maserati Ordered to Appear in Court This Thursday
August 25, 2014, 7:55 AM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information