PayPal announces new mPOS terminals for processing swipe card and contactless payments

8 February 2018

PayPal PayPal announced the launch of its two new mobile POS devices capable to accept different card payments specifically designed for small businesses. The new mPOS terminals include one device processing swipe card transactions, and the other processing chip and contactless payments. With the new mPOS terminals small businesses will be able to accept card payments conveniently from any location.

The terminals have a construction of the size smaller than a pack of cards and could be easily carried by business owners to any place they offer their services or products. The mPOS devices connect to mobile phones or tables through Bluetooth and are powered by li-ion batteries.

Businesses should be ready to pay $24.99 for the swipe card reader and $59.99 for the chip and tap version, enabling processing of contactless payments, including acceptance of Apple Pay, Google Pay and Samsung Pay.

In addition to introduction of the two new devices, PayPal has also updated its PayPal Here SDK platform to include more devices and enable EMV-compliant card payment acceptance on other mPOS terminals.

Last week it was reported that eBay plans to discontinue accepting PayPal on its online auction website as its primary payment method and plans instead to switch to Adyen, an Amsterdam-based payment services provider, as a primary payment option offered to customers at the checkout with PayPal to be sideshifted to the position of a supplementary option.

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