• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • PayPal Unveils PayPal Here Mobile Payment Solution



    PayPal officially announced their entrance into the mobile payment world with the free “PayPal Here” reader and accompanying free iOS and Android application.

    With the PayPal Here card reader and application PayPal has positioned themselves in direct competition with Square’s reader and accompanying iPad and iPhone applications. While PayPal Here isn’t nearly as evolved of a payment eco-system as Square, PayPal’s new foray does have a few simple advantages over Square’s offering, especially for those already heavily reliant on PayPal.

    PayPal’s system can accept all major credit cards and manages to undercut Square's transaction fee by .05% coming in at 2.7% per transaction. Also, PayPal Here offers a few more ways to get paid outside of credit cards. Merchants can accept direct PayPal payments and checks, yes hand written checks, in addition to credit cards. The funds (except for payments via check) are available the same day in the user’s PayPal account.

    The ability to create invoices and track cash payments is standard fare, but the odd triangular design of the reader itself is an interesting choice to say the least. But, it appears the Pay Here app allows merchants to add items to a simple inventory list. It’s no where near squares digital storefront, but definitely encouraging to have the added functionality this early.

    Neither the reader or the accompanying app are available yet, but those interested can sign up to a mailing that will notify them as soon as the reader and the app are available. The additional payment methods definitely make PayPal Here an enticing offer. Still, Square has a big lead in terms of development, but PayPal has a massive user base to market their reader and app to. Competition is good, and it looks like PayPal could potentially dish Square a healthy dose.

    Source: PayPal
    This article was originally published in forum thread: PayPal Unveils PayPal Here Mobile Payment Solution started by Phillip Swanson View original post
    Comments 14 Comments
    1. Hillefied's Avatar
      Hillefied -
      It's about time. I almost thought that Square would monopolize the mobile transaction industry. Glad it's PayPal.
    1. santacruzlocal's Avatar
      santacruzlocal -
      Long live Square!!!! I've been using them for a while and I trust them!!!
    1. steve-z17's Avatar
      steve-z17 -
      I like Square, they've been really good as the only company to have a payment reader. I think though a lot of people will start using PayPal because they're used all over online, so a lot of people know them and trust them. We'll find out soon enough.
    1. cmwade77's Avatar
      cmwade77 -
      I will gladly pay Square an extra .05% to avoid have to deal with Paypal. Paypal can (and will) hold your money for any reason they see fit. They do not handle disputes in a timely manner. It is difficult (at best) to get a hold of anyone to help you with problems and even when you do get a hold of someone they don't usually have the capability to help.

      Yes, competition is good, but PayPal is NOT the answer.

      Also, Intuit has offered a solution for a while as well.
    1. nicrfe's Avatar
      nicrfe -
      Quote Originally Posted by cmwade77 View Post
      I will gladly pay Square an extra .05% to avoid have to deal with Paypal. Paypal can (and will) hold your money for any reason they see fit. They do not handle disputes in a timely manner. It is difficult (at best) to get a hold of anyone to help you with problems and even when you do get a hold of someone they don't usually have the capability to help.

      Yes, competition is good, but PayPal is NOT the answer.

      Also, Intuit has offered a solution for a while as well.
      +2
    1. trek-life's Avatar
      trek-life -
      I'm definitely looking forward to using this and seeing how it develops.
    1. Hillefied's Avatar
      Hillefied -
      Quote Originally Posted by cmwade77 View Post
      I will gladly pay Square an extra .05% to avoid have to deal with Paypal. Paypal can (and will) hold your money for any reason they see fit. They do not handle disputes in a timely manner. It is difficult (at best) to get a hold of anyone to help you with problems and even when you do get a hold of someone they don't usually have the capability to help.

      Yes, competition is good, but PayPal is NOT the answer.

      Also, Intuit has offered a solution for a while as well.
      I suppose customer service experiences vary, but in the years I've dealt with PayPal, I haven't had any problems. They haven't held any money any either transferred or received. I've always been able to speak to a real life American instead of outsourced folks over in India (which Intuit does, BTW). There are downfalls such as the automated system, but I have yet to encounter an automated system that is even remotely useful with any company I've had to deal with.

      Let me be clear, I am not discounting Square and Intuit, I'm merely pointing out that market diversity drives economy.

      And you are right, cmwade77. The .05% advantage is not very enticing, however, other merchant service providers have anywhere between 3 to 7% transaction fees. Mobile transaction services seem to be much less expensive and more versatile than antiquated merchant services. IMHO (In My Humble Opinion)
    1. luvmytj's Avatar
      luvmytj -
      I can't believe it took them so long! I have had a Square swiper and an Intuit (Quickbooks) swiper since they came out.
      Pay-pal must of felt the loss to Square and decided to get with the times.
    1. Imahottguy's Avatar
      Imahottguy -
      Quote Originally Posted by cmwade77 View Post
      I will gladly pay Square an extra .05% to avoid have to deal with Paypal. Paypal can (and will) hold your money for any reason they see fit. They do not handle disputes in a timely manner. It is difficult (at best) to get a hold of anyone to help you with problems and even when you do get a hold of someone they don't usually have the capability to help.

      Yes, competition is good, but PayPal is NOT the answer.

      Also, Intuit has offered a solution for a while as well.
      I have had one negative experience with Paypal, as an eBay seller. I sold an iPhone 3G (back when they sold for $500+ used) to some guy via eBay. He received it just fine, but then was very upset to find out that AT&T did not have 3G within a 50 mile radius of his home, so he wanted a refund. I explained to him that I was just a guy who was selling a phone, not a company, and that I do not do refunds; my listing stated the device was "AS-IS" and that no refunds would be made. He filed a dispute on Paypal, claiming that it did not make calls (or something to that effect) and they sided in his favor. I get the phone back, and was determined to prove to Paypal that was not the case. So I recorded me opening the package and testing the phone to show that it worked fine. While I was testing it on video, my father happened to call me. Well, it turned out that the speaker had been broken on the phone (it was fine when I tested it). I contacted Paypal and they wanted me to get a police report stating that, really?? Anyway, I ended up taking it to Apple since it was under warranty and selling the new model they gave me like the next day, via Craigslist. Moral of the story: Don't sell expensive items on eBay, you get screwed. This guy clearly had buyers remorse, so he falsified a claim and got his money back. When I proved to Paypal that he defrauded me, they wanted me to go to the police to get proof! Outrageous! Also, they (Paypal) told me that the buyer has a 45 day warranty on anything they buy from eBay, even if the seller states "No Returns/Refunds. As-Is." No matter what.

      As a buyer, I have had no problems with them in the 8 years I have had my account. I still use Paypal, and even have their debit card, so I can withdraw the money that I get (or used to get) right after being paid. It's pretty cool. I really like that they protect buyers, but they offer so little for sellers in terms of guarantee that they will not get screwed like I did.

      TL;DR: Paypal gives the buyer too much credit, and takes them at their word, which can really suck for sellers.
    1. qumahlin's Avatar
      qumahlin -
      Quote Originally Posted by Imahottguy View Post
      Also, they (Paypal) told me that the buyer has a 45 day warranty on anything they buy from eBay, even if the seller states "No Returns/Refunds. As-Is." No matter what.
      Thats because that is correct and is in the terms you agreed to when you posted the item for sale. Ebay is not craigslist, you have a pretty clear contract with eBay in regards to what payments you can accept, what the fees are, what rights the buyer has, what rights the seller has, etc. You writing "no refunds, no returns" doesn't invalidate the contract you have with eBay in which you agreed that you will warranty the item for 45 days and provide a full refund upon return receipt of the item.

      Yes, this leads to abuse by buyers, but thats the cost of doing business in any space and is why you should read what you agree to when using a site to sell items where the buyer has defined rights, but the days of eBay being the wild wild west where you can sell someone a empty box and say "you didn't notice I said in small print this was just a box" are gone. Yes you see people still try and those people typically end up with their paypal accounts frozen and their ebay accounts banned. So in the end while there is the possibility for abuse it also leads to a better overall experience for the buyer by reducing the amount of things a scummy seller can get away with
    1. emtee25's Avatar
      emtee25 -
      Hope have here in uk as can't use square over here :-(
    1. ilikemyrealname's Avatar
      ilikemyrealname -
      they're going Dunder Mifflin style with the triangle..err, Pyramid.
    1. LatinKreationz's Avatar
      LatinKreationz -
      I've been using Intuit's GoPayment and love it. I'm looking forward to trying PayPal's service.
    1. CynicalDriver's Avatar
      CynicalDriver -
      I'm looking forward to this. It will make collecting payments for computer service so much easier, and not having to use PayPal's usual methods to process credit payments will make it infinitely valuable.