PayPal has launched in Europe payments platform Here

PayPal payment operator in Europe presented a new solution for making payments among small businesses. The so called Chip & Pin is a type of card reader.

The company said that the new payment system is designed for the European and UK small businesses, which previously relied on for payments or cash, or a check, avoiding the banking and credit card because of the need to work with the banking systems and the high cost of acquiring the latter.

In PayPal said that the new device will cost PayPal Here small business about a hundred euros. It is designed for small shops, taxis, mobile commerce newspapers, drinks and snacks, etc etc.

Recall that for the first time to develop a PayPal Here operator reported almost a year ago. Until now, it was limited to work in the U.S., Canada, Hong Kong and Australia. Now earned in Europe.


In PayPal said on Thursday that the presented service allows small businesses to avoid the costs associated with the organization of the "big" and deploy payment solutions to accept payments by cards or mobile phones in a matter of days and at minimal cost. Client institutions are not required to have an account at PayPal, to pay for goods or services via PayPal Here.

Note that the new service competes closely with the previously presented payment system Square, the creation of which is Jack Dorsey, co-founder of Twitter.

In PayPal saying that presented solution Here "blurs the boundaries between online and offline shopping" by allowing a variety of means to pay for purchases made. "What we understand is that the clients are looking for an opportunity to pay by any means, at any time and in any place," - said John Donahoe, CEO of Ebay (the parent company of PayPal).

Today software PayPal Here available for iPhone and will soon appear for Android (at Square already has applications for all major mobile platforms.) In turn, business owners do not need to organize anything other than a computer system and a camera, no need to even use a special card reader. Supplier of goods or services manually enters the card number and uses the camera to scan the card. Also, customers need to provide email, so that later on it was sent a receipt in electronic form or invoice, for which you can pay after the service is provided.

With each transaction, PayPal takes a commission of 2.7%, against 2.75% in the Square. Acceptance of checks carried out free of charge.