PayPal has introduced PayPal Here, a global mobile solution that allows small businesses to accept multiple forms of payment using a free mobile app and a fully-encrypted thumb-sized card reader. PayPal Here enables anyone with an iPhone or Android smartphone to accept credit and debit cards and PayPal payments on-the-go, while being paid instantly into their PayPal account.
Small businesses form the economic backbone of the Asia Pacific market with over 150 million small-and-medium sized businesses (SMBs) accounting for over 90% of all businesses and nearly 70% of employment across the region.
“PayPal is transforming the US$1.3 trillion SMB retail market across the Asia Pacific region by enabling millions of small businesses to accept card and PayPal payments on a smartphone anytime, anywhere to grow their sales. We’re delighted to be the first in Asia Pacific to offer this innovative mobile solution with the widest choice of payment options to support the growth of small businesses in the region,” said Rupert Keeley, senior vice president, PayPal Asia Pacific.
Merchants no longer have to go through an often very challenging and time-consuming process to get a merchant account to collect card payments. Instead, they can open a PayPal account, download the PayPal Here merchant app on a smartphone and order the PayPal Here card reader to start accepting payments faster than ever before.
Merchants can accept payments by swiping cards in the card reader, scanning cards using their phone cameras, manually entering card information into the app, and of course, receive PayPal payments. They can also send an invoice and set payment terms directly from the app. The card reader encrypts card information as it swipes and is backed by PayPal’s world class security and fraud prevention capabilities, as well as 24x7 live customer support.
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