PayPal Australia is focusing on expanding its payments solution technology, today announcing a Tap and Go-ready version of their PayPal Here Chip and PIN card reader.
The PayPal Here app will allow businesses to register payments via contactless debit and credit card, while continuing to support chip and PIN payments. PayPal payments via PayPal’s Check-in technology are also accepted with the new service, allowing for the generation and distribution of invoices and the sending of receipts.
PayPal says the technology is specifically aimed at Australia’s small businesses, service providers and casual sellers accepting card payments “on-the-go”.
“There is an expectation of choice from Australian consumers who are looking for the flexibility to pay via whatever method they choose and we’re increasingly seeing that customers are looking for the convenience offered by contactless payment,” PayPal Australia Director of Small Business Emma Hunt said.
“We need to ensure we arm businesses with the technology and resources needed to adapt to the ever-changing payments landscape. Our new payments solution will allow businesses to take advantage of the popularity of contactless payments here in Australia, as well as continue to take secure Chip and PIN payments on-the-go.”
The new service works in a similar manner to PayPal’s Here Chip and PIN solution, which sees a business connect the new card reader to a smartphone or tablet device via Bluetooth. Businesses will have to pay a one-off charge for the card reader itself, then a fee of 1.95 per cent per payment made via PayPal Here Chip and PIN card reader, or PayPal check-in, 2.6 per cent + $0.30c for invoices, and 2.90 per cent + $0.30c for card payments entered manually into PayPal Here.
“The current PayPal Here card reader has proven to be really popular, with tens of thousands of Australian businesses accepting payments from market stalls, ute trays and garages across the country,” Ms Hunt said.
“The smartphone has well and truly become the mission control device for running a small business and the new iteration of the PayPal Here device provides businesses with another way for consumers and businesses to pay and get paid.”