PayPal to Merchants: Ditch the Cash Register, Get Free Payment Processing
May 15, 2013 2:20 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
-- 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
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
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