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You are hereNewsPaypal unveils portable credit card reader

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Paypal unveils portable credit card reader

21 March 2012 | Category: Electronics

"Paypal Here" is a small portable card reader that plugs neatly into a smartphone that accepts multiple forms of payments.

The device is aimed at small businesses to help them speed up transactions which is currently slowed down by complex payment systems.

Paypal Here will accept payments from most credit and debit cards by swiping cards or entering numbers manually. It also accepts checks which are scanned by the smartphones camera.

Payment rates have been set by PayPal at 2.7 per cent for cards and PayPal payments.

The device is set to launch in America first, before being issued in Australia and Canada in its first rollout phase.

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