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Friday, March 16, 2012

PayPal Here promises to turn iPhones and Android devices into payment card readers

International payment service PayPal has launched a new service called PayPal Here, which allows small businesses to accept almost any form of payment. It includes a free app and free triangular card reader, turning any iPhone into a mobile payment device. An Android version is due in April. The service has launched with a number of merchants in the United States, Canada, Australia and Hong Kong; general availability in those countries will follow next month.

PayPal Here enables merchants to accept payments by swiping cards in the card reader, scanning cards and cheques using their smartphone cameras or manually entering card details into the app. The app also lets them send invoices.

Shoppers can use the latest version of the PayPal Mobile app to find nearby businesses that accept PayPal Here and can tell a shop that they’re ready to pay. The merchant can then accept payment by checking the shopper’s name and picture.

David Marcus, PayPal’s vice president of mobile, said “Helping small businesses grow and accept payments has been in PayPal’s DNA since its inception 14 years ago. We’ve heard small businesses loud and clear. They don’t want to miss sales opportunities because they can’t accept the payment type that their customers want to use. They want quick access to their money, a reliable card reader, and one transparent, low fee to process these payments. I’m thrilled to launch PayPal Here because we’ve been able to bring all of these key features together into a product that’s so simple to use.”

Charges are 2.7% for card swipes and PayPal payments. However, PayPal Here merchants will receive a business debit card that offers 1% cash-back on eligible purchases, offering a way to partially offset these fees.

PayPal plans to announce the availability of PayPal Here in more countries soon.

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Opinion Articles

Why there's no point putting NFC in the Apple iPhone 5

Mark Bridge writes:

A report in The Independent says Apple won't be putting a Near Field Communication chip in the next version of the iPhone. Although Apple is thought to be working on its own NFC service connected to iTunes, it's said to be "concerned by the lack of a clear standard across the industry".

On the surface, that phrase doesn’t make sense.

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This week at The Fonecast: 12th March 2011

Mark Bridge writes:

Sadly we’re ending the week with yet another natural disaster. Barely two weeks after New Zealand’s earthquake comes news of Japan’s biggest quake in living memory.

Still, I’m here to talk about mobile phones, so – after a quick mention of the great work being done by the Red Cross – I’ll get on with it.

Author: The Fonecast
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Microsoft deal may not work out, admits Nokia

Mark Bridge writes:

In recent weeks there’s been a lot of talk about the partnership between Nokia and Microsoft. But taking a look at today’s Form 20-F - the annual report that Nokia is filing with the US Securities and Exchange Commission - provides a valuable reminder that nothing’s set in stone.

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MC Iain Graham and the story behind the mobile phone rap

Mark Bridge writes:

The final news story in this week's podcast is best described as an update from last week's programme. The story itself remains the same but the presentation style has been changed dramatically.

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What's the biggest challenge facing mobile phone manufacturers?

Mark Bridge writes:

For the last couple of months we've been running a survey on TheFonecast.com with the title “What's the biggest challenge facing mobile phone manufacturers?”

The answer appears to be very clear. According to 60% of respondents, 'battery life' is the major issue for mobile manufacturers.

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Author: The Fonecast
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A month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

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