PayPal Here goes contactless - BIT

PayPal Here goes contactless - BIT: "A new contactless version of PayPal's Here card reader has arrived.
Back in March, PayPal announced that a contactless version of its PayPay Here card reader would be available "later in 2015."

Later, it turns out, was September. The new device costs $149 ($99 more than the Chip and PIN version), but there's no mention of a trade-in arrangement for owners of earlier models.

It works in conjunction with the PayPal Here app for iOS and most Android devices, and allows businesses to accept Mastercard and Visa payments (contactless, chip and PIN, or swipe; and credit or debit), with a transaction fee of 1.95 percent.

The app also sends receipts, processes refunds, displays sales history, and allows transfers from PayPal to an associated bank account.

Contactless payments are seen as a timesaver by a majority of Australian consumers and small business operators, according to PayPal's research.

"Consumers now expect the same level of technology from their local market stall as they experience at leading retailers and that level of expectation can be challenging and expensive for Aussie small businesses," said Emma Hunt, director of small business, PayPal Australia.

"With the local launch of the new PayPal Here device we're hoping to bridge that divide and provide the convenience and choice of payment options for businesses of every size."

PayPal's web site suggests the contactless reader is available from Officeworks, but at the time of writing that company only listed the Chip and PIN model."



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