The payments landscape is set to change in Australia as PayPal continues to develop its PayPal Here small business card payment solution by launching a new Tap and Go enabled version of its PayPal Here Chip and PIN card reader. As highlighted previously, expect to see more disruption to the payments landscape, at the expense of incumbents.
PayPal Australia has announced it is launching a new Tap and Go enabled version of its popular PayPal Here Chip and PIN card reader. The PayPal Here app turns a smartphone into a complete payments solution, allowing businesses to capture every sale, regardless of the payment method, and coupled with the new PayPal Here Tap and Go card reader will allow businesses to accept card payments faster than ever.
The new card reader will enable businesses to accept contactless card payments from debit and credit cards and continue to support chip and PIN payments. With PayPal Here businesses can also accept PayPal payments via PayPal’s Check-in technology, generate and distribute invoices and send receipts.
In response to a changing retail landscape, the new card reader has been engineered specifically for Australian small businesses, service providers and casual sellers who need to accept card payments on-the-go. PayPal Here is also suitable for in-store retailers looking to diversify their payments offering and provides an innovative, pay-as-you-go solution for taking payments.
The launch of PayPal Here reflects an increasing appetite amongst Australians for NFC enabled technologies: “There is an expectation of choice from Australian consumers who are looking for the flexibility to pay via whatever method they choose and we’re increasingly seeing that customers are looking for the convenience offered by contactless payment,” said Emma Hunt, Director of Small Business, PayPal Australia.
“We need to ensure we arm businesses with the technology and resources needed to adapt to the ever-changing payments landscape. Our new payments solution will allow businesses to take advantage of the popularity of contactless payments here in Australia, as well as continue to take secure Chip and PIN payments on-the-go,” she continued.
As with the current PayPal Here Chip and PIN solution, a business simply pairs the new card reader via Bluetooth with a smartphone or tablet (for iOS and Android) and accepts secure payments through the PayPal Here app anywhere they’re trading.
There are no monthly subscription fees to use PayPal Here, just a one-off charge for the card reader and then a small fee per transaction.*
“The current PayPal Here card reader has proven to be really popular, with tens of thousands of Australian businesses accepting payments from market stalls, ute trays and garages across the country,” continued Hunt.
“The smartphone has well and truly become the mission control device for running a small business and the new iteration of the PayPal Here device provides businesses with another way for consumers and businesses to pay and get paid.”
Businesses can sign up to PayPal Here at www.paypal.com.au/here. The new card reader will be generally available later in 2015.
*Fees: 1.95% for payments through the PayPal Here Chip and PIN card reader, or PayPal check-in payments, 2.6% + $0.30c for invoices, and 2.90% + 0.30c for card payments manually entered into the PayPal Here app. For more information please see PayPal’s Combined Financial Service and Product Disclosure Statement at: https://www.paypal.com/au/webapps/mpp/ua/cfsgpds-full#18_Fees_and_charges
