PayPal to Merchants: Ditch the Cash Register, Get Free Payment Processing
May 15, 2013 2:20 PM
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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 5:17:00 PM
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.
"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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