T
Tony Pilato
Guest
Today, PayPal introduced their new “PayPal Here Chip Card Reader” for the U.S. with the aim of making on-the-go payments for small businesses easier. The reader works with the iOS and Android PayPal apps, chip card transactions, magnetic stripe, and NFC transactions including Android Pay, Samsung Pay and Apple Pay.
As companies such as Apple and Samsung, and now Google started the movement of mobile payments, PayPal came up with their own response to the trend, focusing on the ability to accept more payment options within the same point of sale system. In addition, as banks are slowly moving away from magnetic card readers in the U.S., PayPal believes that chip card technology will help update point of sales systems and bring new advantages to small businesses.
“The PayPal Here EMV reader has been available in the UK and Australia for almost two years, so we understand the market dynamics and impact of EMV on merchants. Beyond the need to accept chip card payments, merchants should view the liability shift as an opportunity to upgrade and modernize their Point of Sale systems with the latest technology that enables them to sell online, on mobile and in-person all with the same account. Future-proofing with a solution that already accepts multiple forms of payment is key to being prepared for new technologies – like contactless payments.”
The PayPal Here Chip Card Reader will be available in the U.S. on September 30th.http://www.talkandroid.com/266795-p...-android-pay-for-payments/paypal_here_reader/
Source: PayPal
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