Paypal Here, the payment service from PayPal that allows small businesses to accept credit card payments, in a similar vein to Jack Dorsey’s Square mobile payment solution, will soon be arriving in the UK, PayPal has revealed today.
The PayPal Here payment service has been available for some time in the US, but now its jump to Europe will help it spread its customer base even further. Watch the video after the jump to learn more about the PayPal Here payment service and see it in action.
“Welcome to a world of fast and easy transactions – wherever you do business. Coming soon, PayPal Here lets you accept payments simply and more securely on your mobile.”-“Greedy Goat sell their ice cream made from goat’s milk at Borough Market in London. They talk about the benefits of goat’s milk ice cream and why PayPal Here will make it easy for their customers to pay quickly at their market stall.”
Expanding Payment Solutions for Small Businesses
PayPal Here is designed to provide small businesses with a flexible and convenient way to accept payments. The service includes a small card reader that connects to a smartphone or tablet, allowing merchants to process credit and debit card transactions on the go. This is particularly beneficial for businesses that operate outside of traditional brick-and-mortar locations, such as market stalls, food trucks, and pop-up shops.
The introduction of PayPal Here in the UK is a significant step for PayPal as it seeks to expand its footprint in the European market. By offering a reliable and secure payment solution, PayPal aims to support the growth of small businesses and enhance their ability to compete in an increasingly digital economy. The service also integrates with PayPal’s existing suite of financial tools, providing merchants with a comprehensive solution for managing their finances.
Benefits and Features of PayPal Here
One of the key advantages of PayPal Here is its ease of use. The card reader is compact and portable, making it easy for merchants to carry it with them wherever they go. The accompanying mobile app is user-friendly and allows businesses to track sales, manage inventory, and generate receipts. Additionally, PayPal Here supports contactless payments, chip and PIN transactions, and magnetic stripe cards, ensuring that merchants can accept a wide range of payment methods.
Security is another important aspect of PayPal Here. The service uses advanced encryption and fraud detection technologies to protect both merchants and customers. This helps to build trust and confidence in the payment process, which is crucial for small businesses looking to establish a loyal customer base. Furthermore, funds from transactions are quickly deposited into the merchant’s PayPal account, providing them with immediate access to their earnings.
PayPal is partnering with a handful of UK businesses before launching the PayPal Here service during the summer of 2013. For more information on the new PayPal Here payment service within the UK, jump over to the PayPal website for details.
Source: Tech Crunch : PayPal
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