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PayPal Launches Small Biz Global mPayment Solution

PayPal announced “PayPal Here” global mobile payments solution that allows small businesses to accept almost any form of payment. The new service includes a free app and fully encrypted thumb-sized card reader, which turns any iPhone, and soon Android smartphone, into a mobile payment solution. The “PayPal Here” solution lets small businesses, service providers and casual sellers send invoices or accept debit and credit cards, checks and PayPal using one simple product. It gives merchants more choice than any mobile payment solution on the market and gives small businesses more sales opportunities. Merchants can accept payments by swiping cards in the card reader, scanning cards and checks using their phone cameras, or manually entering card information into the app. They can also send an invoice and set payment terms directly from the app. Every PayPal Here merchant will receive a business debit card for quick access to cash and 1 percent cash-back on eligible purchases.