Categories: Business

PayPal Here device launched in UK

PayPal has launched Here device, a chip-and-pin machine designed to offer new sales methods to UK small businesses that have previously relied on cash or cheques.

Payments firm means market traders, taxis and shops will be able to accept credit and debit cards as well as PayPal payments.

There will be an initial cost “under £100” ($160) for the PayPal Here device.

PayPal, which faces competition from other similar devices, said it will take a transaction fee of less than 3%.

“At PayPal, we spend a huge amount of time talking and listening to small businesses. They are the core of PayPal’s business and they’ve told us that they want a simple, secure way to take card payments anytime and anywhere they trade,” said David Marcus, president of PayPal.

PayPal is offering the devices to a few select businesses before a full launch in the summer. It will roll out in the UK first with other countries to follow.

In the US, PayPal has already brought out a similar device, a dongle that can be plugged into a mobile phone to act as a credit card reader.

PayPal has launched Here device, a chip-and-pin machine designed to offer new sales methods to UK small businesses that have previously relied on cash or cheques

Eden Zoller, an analyst with research firm Ovum, said the move was an obvious one for PayPal to make.

“It hasn’t released figures about the dongle it launched in the US but has indicated that it is popular so it makes sense to have an optimized version for the European market,” she said.

There are other similar devices on the market from companies such as iZettle, Intuit and mPowa.

“It is going to have a bit of competition but PayPal is an established a trusted brand,” said Eden Zoller.

Mark Thomas runs an ice cream stall at London’s Borough Market. He will be among the first to try out the device.

“Cash is king in the market, but people run out of cash very quickly, and we often lose sales because customers can’t face the long weekend wait at the ATM,” he said.

x5woIGSOLGk
Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.

Recent Posts

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

7 hours ago

White House 2024: Voter Fraud Claims Flood Social Media

Misleading allegations, rumours and outright lies about voting and fraud are flooding online spaces in…

2 days ago

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

4 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

4 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago