PayPal announced a new payments solution today called PayPal Here, which aims to help small businesses make more sales via the Internet, offline and mobile devices.
PayPal Here allows small businesses to accept pretty much any type of payment. Payments can be received in a number of ways, including using an encrypted card reader for swiping credit cards; using a phone camera to scan credit cards and checks; via PayPal accounts, and directly through the mobile app.
In addition to added payment features, small businesses will also receive fraud management capabilities, a flat rate of 2.7 percent for card swipes and PayPal payments, a business debit card for easy access to their money as well as 1 percent cash back on certain purchases, and PayPal's 24x7 live customer support.
According to PayPal the difference between PayPal Here and other mobile payment solutions is that PayPal Here comes from a trusted name, where small businesses can rest assured that their funds are in safe hands.
"PayPal has a long history of helping small businesses," said David Marcus, Vice President of Mobile PayPal via the PayPal Blog. "For 14 years we’ve provided the tools and services that have allowed millions of small businesses to grow by solving the complex and critical task of processing payments securely and easily in more than 190 countries. Helping small business owners get paid is in our DNA. That’s why I’m excited to unveil PayPal Here, a new payments solution that will help small businesses get paid – whether they do business online, offline or on mobile."
PayPal has been working diligently to make its way into more businesses, both online of offline. Last month, the e-commerce payments company said it was making its way into brick-and-mortar retail stores by offering more data transparency and competitive prices.
PayPal Here is already available to certain businesses in the United States, Canada, Hong Kong and Australia starting today. It will be available in other locations next month. Check out the video below for added details: