The e-commerce industry is finding new ways to capitalize on mobile technology and stretch it to its limits.
PayPal has been churning out some new innovations to employ its services through mobile devices and today released PayPal Here, a mobile credit card reader. PayPal Here is no bigger than a thumb and allows sellers to swipe credit card transactions on their mobile devices.
It’s not the first of its kind, but PayPal is adding its name against those who have already breached the market, like Square and Swipe, with competitive prices and benefits. Users of PayPal Here can attach the device to their phone for credit card processing, or they can scan cards and checks using their phone’s camera.
“PayPal Here is just the latest addition to our comprehensive suite of payment solutions for small businesses—from PCI-compliant checkout options and invoicing to debit cards and mobile-optimized checkout,” says David Marcus, vice president of PayPal Mobile.
The ability to swipe a credit card on one’s mobile device takes shopping to a whole new level. Small businesses can become more mobile, and yard sale aficionados can expand their purchasing power.
