PayPal Here Trumps Square’s Tech By Taking Camera Scans of Paper Checks and Cards

15 Mar

This is incredible. Hopefully with cheaper rates, PayPal will give some stiff competition to high-priced Square:

“Besides the card reader, vendors will be able to accept payments by using their phone’s camera to scan cards or checks. PayPal will also allow you to pay for purchases even if you don’t have a card or a check on you. If you’ve got a PayPal account, and the PayPal app on your phone, you can pay anyone with a PayPal Here account using your phone—given the huge number of people with PayPal accounts, this last feature might be the most useful of all.”

 

From a Gizmodo commenter:

the only other redeeming factor is if you use your PayPal debit card [provided for free] you get 1% back on purchases…. so they are saying thats like taking the 2.7% cut that they take down to a low low 1.7%

via PayPal Here Trumps Squares Tech By Taking Paper Checks.

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One Response to “PayPal Here Trumps Square’s Tech By Taking Camera Scans of Paper Checks and Cards”

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  1. Donations « Richard's Blog - March 16, 2012

    […] PayPal Here Trumps Square’s Tech By Taking Camera Scans of Paper Checks and Cards (teechy.com) […]

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