PayPal Launches iPhone Card Reader for Payments
Submitted by Frank Macey on
PayPal is taking a new step into the smartphone arena with an iPhone accessory designed to accept payments anywhere there's a data connection. When we first wrote up competitor Square in 2009, the concept of a small device that plugs into the headphone jack and accepts credit card data was a work in progress.
The latest entry into the market is dubbed PayPal Here, and moves PayPal's services even further into the offline, brick and mortar world of commerce. Not only does PayPal's device and software swipe credit cards, but merchants can process checks using the iPhone camera, track cash payments or send invoices out for later payment.