March 19, 2012

PayPal's new mobile payment app and card reader lets Canadian small businesses get paid anywhere

TORONTO--Canadian businesses that were once restricted to cash only sales can now process many more forms of payment with PayPal Here - a free thumb-sized card reader and app from PayPal that turns iPhones into a secure mobile payment system. PayPal Here makes it simple to accept Visa, MasterCard and American Express cards, and PayPal payments on smartphones anywhere, anytime. It will significantly increase sales for small businesses by providing an affordable, mobile and secure way to accept multiple forms of payment.

Canada is one of the first global markets to receive PayPal Here, which is being offered to select merchants during an exclusive release period. PayPal Here will be available immediately on Apple iOS 4.0 iPhones and above, followed by Google Android devices. The service is competitively priced at 2.7 per cent for swiped card transactions and PayPal payments. The card reader device and app are free and there are no commitments and no hidden fees, making it an affordable solution for Canadian small businesses.

"This is a massive step forward in realizing PayPal's vision of anytime, anywhere, any way payments in  Canada," says Darrell MacMullin, Managing Director, PayPal  Canada. "We are solving a major pain point for small businesses by helping them say yes to customers who ask to pay by credit card or PayPal, without the businesses having to invest in expensive hardware and pay unexpected fees."

Also launching today is the latest version of the PayPal Mobile app for iPhone, a consumer app with features that complement the PayPal Here app for small businesses. Now PayPal's four million Canadian consumers will be able to use the "Local" feature on the PayPal Mobile app to find businesses that accept payments via PayPal Here. The "I'm Here" check-in feature on the PayPal Here app will notify businesses when a PayPal customer is in the vicinity and, once the customer is ready to pay, PayPal Here will enable the business to accept their PayPal payment just by referencing them by name and picture - without requiring the customer to take out their phone or wallet.

PayPal Here comes with an encrypted card reader and is backed by PayPal's world class fraud management capabilities -- secure, reliable and easy transaction processing and fraud protection for retailers and their customers. It is currently available as part of an exclusive release for use by select retailers in the U.S., Hong Kong, Australia andCanada, and will be widely available in Canada later this year.



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