PayPal is now selling NFC-enabled card readers on its website aimed at small businesses, enabling them to accept contactless payments.
The PayPal Here card reader costs £79.95 and is followed by a 2.75% transaction fee. It will accept Visa, MasterCard, Maestro cards as well as Apple Pay. The PayPal Here app and card reader will continue to process chip and PIN payments and magnetic stripe payments. Other services on offer include invoicing and receipt processing.
Users can download the free PayPal Here mobile app from the iTunes App Store or Google Play before linking the card reader wirelessly to their smartphone or tablet device.
Cameron McLean, managing director at PayPal UK, commented: “Contactless payments are taking off in Britain, with over 58 million contactless cards in use and spending on them trebling in 2014. The new PayPal Here card reader is a game changer for businesses wanting to respond to customer demand for tap and go payments. It also accepts Apple Pay transactions, so the smallest of businesses can now offer the latest way to pay wherever they trade.”
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