wraggster
March 14th, 2012, 22:40
Rumours grow as PayPal steps up drive to take its online system into physical stores.
GigaOM (http://gigaom.com/2012/03/12/rumored-paypal-to-launch-square-competitor/) has reported that payPal will unveil the dongle tomorrow, and will thus take the fight directly to Square, Intuit, Verifone and others in targeting modest transactions at thousands of small retail outlets, cafes, bars and so on.
Reports says the peripheral will ve shaped like a triangle, will allow small business owners to process swipes from a PayPay pre-paid card.
It's all part of a push to take PayPal away from its eBay ghetto and get it accepted as a 'real world' payment system.
Indeed, it's already running a 2,000 outlet trial with includin Home Depot that converts existing point-of-sale terminals so they can accept PayPal PINs.
You can see the logic; Square is now processing sales worth around $4 billion a year and has around 1m merchants signed up.
http://www.mobile-ent.biz/news/read/paypal-to-launch-square-style-card-dongle/017395
GigaOM (http://gigaom.com/2012/03/12/rumored-paypal-to-launch-square-competitor/) has reported that payPal will unveil the dongle tomorrow, and will thus take the fight directly to Square, Intuit, Verifone and others in targeting modest transactions at thousands of small retail outlets, cafes, bars and so on.
Reports says the peripheral will ve shaped like a triangle, will allow small business owners to process swipes from a PayPay pre-paid card.
It's all part of a push to take PayPal away from its eBay ghetto and get it accepted as a 'real world' payment system.
Indeed, it's already running a 2,000 outlet trial with includin Home Depot that converts existing point-of-sale terminals so they can accept PayPal PINs.
You can see the logic; Square is now processing sales worth around $4 billion a year and has around 1m merchants signed up.
http://www.mobile-ent.biz/news/read/paypal-to-launch-square-style-card-dongle/017395