PayPal targets Square with hardware trade-ins, waives fees through 2013

DNP PayPal

After watching its rivals Square and Groupon play their hands earlier today, PayPal announced a program that allows merchants to trade in their old payment processing equipment in exchange for new hardware. The promotional offer features POS systems from ERPLY, Leaf, Leapset and the company's own PayPal Here. In addition to luring retailers with a fancy new cash register, the outfit is offering to waive credit, debit, check and PayPal processing fees for the remainder of the year. If the aforementioned incentives sound appealing and you'd like to know more, head on over to our source link to check out the program's all-important fine print.

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Source: PayPal

PayPal Here coming to the UK with a chip reader to match (video)

PayPal Here coming to the UK with a chip reader to match video

US-born mobile payment methods like PayPal Here and Square haven't had much traction in Europe, due in no small part to the continent's frequent reliance on chip-and-PIN credit cards over North America's (slowly outgoing) magnetic stripes. PayPal is getting around that technical barrier through the most direct method possible -- replacing the reader altogether. PayPal Here's UK deployment swaps out the triangular US reader for a considerably bulkier Bluetooth peripheral that takes the newer payment method. Other elements will be familiar to anyone who's used Here on an Android or iOS device in another country, minus the obligatory changes in currency. PayPal is partnering with a handful of UK businesses before launching Here on a wider scale in the summer -- not soon enough for some, but it might save a few Brits from scrounging through their wallets just to buy some ice cream.

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Via: TechCrunch

Source: PayPal

PayPal Here goes on sale at AT&T stores: like a one-stop shop for account hiccups

PayPal Here goes on sale at AT&T stores like a onestop shop for account hiccups

PayPal Here, despite all its focus on in-store transactions, hasn't really been available to buy in a US store -- that's been the domain of the seemingly ubiquitous Square reader. eBay's payment wing has at last established that retail beachhead through a deal with AT&T. About 1,800 of the carrier's stores are now carrying PayPal Here readers, and they'll keep the service's big rival from hogging the spotlight at a time when most aren't even aware that there's any competition. If you're still cynical, you can look at the AT&T move as a matter of convenience: at least this way, all your account headaches will come from one place.

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PayPal Here goes on sale at AT&T stores: like a one-stop shop for account hiccups originally appeared on Engadget on Sat, 20 Oct 2012 21:00:00 EDT. Please see our terms for use of feeds.

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PayPal and Softbank announce new joint venture in Japan, mobile app

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PayPal has joined forces with Softbank to bring its mobile payment system/digital wallet to Japan. PayPal Here uses an encrypted card reader -- like its BFF Square, and more recently, VeriFone -- to minimize users' cash dependency. There's also a redesigned app that makes it easier for customers to locate participating merchants while they're out and about. The $25 million joint venture targets small businesses, especially those using iPhones (though it also works just fine on Android), and will be made available to the Japanese masses over the next several weeks. We're sure the setup will be used exclusively by the forces of good to stimulate the local economy.

PayPal and Softbank announce new joint venture in Japan, mobile app originally appeared on Engadget on Wed, 09 May 2012 15:31:00 EDT. Please see our terms for use of feeds.

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VeriFone outs Sail mobile payment system, gives Square the evil eye

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VeriFone has decided that calling out claimed security holes and focusing on enterprise-level payment options aren't enough to take on Square. Sail goes more directly for Square's jugular, using its own plug-in dongle to handle major credit card payments in your local coffee shop or a mid-sized outlet. The VeriFone party trick comes through having multiple payment options, where shopkeeps can either choose to pay a flat 2.7 percent cut of every sale, or shell out a $10 monthly fee to lower the transactional take to 1.95 percent. Programming interfaces will let you hook in deals from social networks, too. And as you might expect, the company is still keen to tie Sail to its traditional payment systems, opening the door to NFC readers as well as other payment hardware that isn't quite as mobile. Stores with iPhones will be the only ones using the free Sail mobile apps and readers at first, but Android- and iPad-toting entrepreneurs will have their alternative to Square or PayPal Here as soon as the end of May.

VeriFone outs Sail mobile payment system, gives Square the evil eye originally appeared on Engadget on Tue, 08 May 2012 09:23:00 EDT. Please see our terms for use of feeds.

Permalink GigaOM  |  sourceSail  | Email this | Comments