PayPal is about to launch a service to accept credit cards anywhere

The service called “PayPal Here” and according information available at PayPal website will allow to accept credit card payments in any place with mobile network coverage. Merchants need to have only smartphone with special app and (optionally?) a card reader that Paypal announced to distribute free of charge.

paypal_here.png  on Aviary

With 2.4% commission this products looks to compete with hot start-up Square┬áthat provides very similar solution. Square’s commission is stated as 2.75%

 

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