Excerpted From Fox News
PayPal, the payments service owned by eBay Inc, unveiled a new device on Thursday that helps small businesses accept credit and debit cards through mobile devices, entering a fast-growing market now led by start-up Square Inc.
"PayPal Here" — as the service is called — will provide a free, triangle-shaped card reader and mobile application to small merchants.
That gadget, sometimes referred to as a dongle, plugs into the top of mobile devices like Apple Inc iPhones and, soon, Google Inc Android smart phones, allowing merchants to take payments through these gadgets on the go.
PayPal charges a fee of 2.7 percent of the purchase price for all types of credit and debit cards — including those issued by American Express Co ; transaction fees for processing AmEx cards are often higher on other services. That compares with the 2.75 percent charged by Square.
PayPal is a dominant online payment processor, but the company is trying to expand into the physical world. It has a point of sale service that it hopes big retailers will use in thousands of stores. Now it is going after much smaller merchants with the new swipe device.
CounterPoint SQL Software accepts Mobile Credit Card transactions by using the CPMobile option of the software. Besides being able to complete transactions, CPMobile can assist in taking inventory (Physical Counts), scan bar-codes, take cash, and print receipts to a mobile receipt printer. CPMobile can send email receipts, if your customers prefer, and several other functions.
If you would like some more information on CPMobile, send an email to sales or visit our product page. If you have any other system questions or concerns, call the CCS Retail Systems Support Department or email us
-Bryan