PayPal's real-word payment service is arriving in the UK.
PayPal is one of the most popular ways to pay for goods online, but the web payments company is slowly seeping out into the real world. Last year saw the launch of PayPal here in the United States and now the service is launching in the United Kingdom.
PayPal Here is designed to offer small business owners the ability to accept all manner of payment forms, be it cards, check, of PayPal. The service is based around a small card reader that plugs into your smartphone and a companion app that runs the software side of things. Now PayPal Here is on its way to the UK, albeit in a slightly different form.
PayPal today announced a new chip and pin reader designed to make it simple for cash-based businesses in countries that use Chip and PIN debit and credit cards to accept other forms of payments. PayPal hasn't announced pricing for the device just yet but plans to show it off at MWC, which kicks off on Monday in Barcelona. Hopefully when pricing is made public, it will also include details on the cut PayPal will be taking from each transaction. Check out PayPal Here below: