PayPal has launched its own mobile payment solution, PayPal Here. The new service includes a free application and a secured card reader attachable to the mobile phone, transforming any iPhone – and soon, any Android smartphone – into a mobile payment solution. Along with PayPal Here, PayPal has launched the latest version of PayPal Mobile for iPhone, complementary application with PayPal Here, available for free in App Store.

PayPal Here is not only for individual users but also to small business owners, service providers and other merchants who can issue invoices and accept credit or debit cards, checks or payments through PayPal. Regardless the mode of payment chosen by the consumer, PayPal Here facilitates the transfer, providing small business with opportunities to sell products and services.

Accessing the option "Local" gives PayPal Here users the possibility to find out what stores near them accept payments through this service. Once he is ready to buy, the customer notifies the dealer through a simple touch. In turn, the seller uses PayPal Here to accept payments by simply mentioning the name and the photo of the buyer.

PayPal Here has a competitive structure in terms of fees. The service does not include initial charges for using it or monthly fees, the only fee paid by merchants being equal to 2.7% of the payments received by credit card or PayPal.

Merchants who use PayPal Here have at their disposal business debit cards for quick access to money. When using cards for shopping, they get back 1% of the price of certain products, which makes practically the commission paid to PayPal Here to fall to only 1.7%.

For now, the solution is used by some traders in the United States, Canada, Australia and Hong Kong, following to be available nationwide in these country starting from April and, subsequently, to be extended to other countries. Also in April, PayPal Here will be available for Android smartphones.

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