Advertisement

1,000 Merchants per Hour Request PayPal Here 

March 23, 2012

Last week, as CardNotPresent.com reported via Twitter, PayPal unveiled PayPal Here, its integrated solution for small businesses that enables them to accept payments using a smartphone or tablet. This week, the online payments pioneer revealed on its corporate blog that it signed up businesses at a rate of 1,000 per hour during the first 24 hours.

“Clearly there’s a need for a secure, global solution that provides small businesses the flexibility to get paid anytime, anywhere, any way,” writes Anuj Nayar, PayPal’s director of communications.

PayPal’s solution includes a card reader that plugs into the audio jack of a mobile device to accept card payments, putting the company in competition with popular startup Square. PayPal slightly undercut Square on price, offering fees of 2.7 percent per swiped transaction and PayPal payment and 3.5 percent plus $0.15 for keying in CNP transactions or scanning card info.

Nayar says PayPal Here is available only to select merchants in the U.S., Canada, Australia and Hong Kong and will be open to all merchants in those countries in April.


  • Alibaba Threatening Main Street? - Dec. 18, 2014
    Alibaba Threatening Main Street?

    The Alliance for Main Street Fairness (StandWithMainStreet.com) has produced a television ad warning that, after its enormous IPO, Chinese e-commerce company Alibaba.com will take advantage of current tax law to "decimate local retailers."


Advertisement


  • Report: CNP Merchants Beware of Fraud-Filled November - Nov. 3, 2014
    Report: CNP Merchants Beware of Fraud-Filled NovemberHeading into the holiday shopping season, Feedzai, an antifraud technology provider that uses machine learning to analyze payment transactions in real time, recently released some interesting statistics pertaining to card-not-present fraud culled from its merchant clients over the past year... November as the biggest month for CNP fraud.
  • Yoyo Chooses BlueSnap Gateway - Nov. 3, 2014

    Yoyo Chooses BlueSnap GatewayWaltham Mass.-based BlueSnap today revealed that British mobile marketing and payments platform provider Yoyo has selected its gateway for cross-border online and mobile transactions.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here