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PayPal Here Coming to the United Kingdom

By - Source: PayPal | B 34 comments

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:

PayPal Here - Chip and PIN

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Top Comments
  • 16 Hide
    WhyFi , February 24, 2013 11:14 AM
    ebayjunkcolltoragree that paypal is the most safe way to make payment through internet.I use it for all my payment in ebay is the only way that will guarantee to claim your money back. dispute for bad product and if the other party or the seller still want to continue using paypal for business they have to refund or by force from papal if you win the case. I trust paypal I only leave a few hundred buck there for buying and selling as well.


    If you're the seller, PP can and will hold your money unlawfully. In most states in the US, paypal is licensed as a money transmitter, nothing more, so when they decide that they're judge and jury on a dispute, they're over-stepping their bounds. When they hold money for longer than 10 days (which is common for sellers without a lot of feedback) in the event of a dispute, they're over-stepping their bounds. When they hold back a rolling 30% slush fund for frequent sellers, they're over-stepping their bounds.

    The fact is that paypal is not a bank, they have no oversight like a bank, they have no protection like a bank. They're an additional middleman between customers, service providers and their respective banks and they really don't bring anything to the table besides additional fees an illusion of security for people that don't know any better.
  • 14 Hide
    abbadon_34 , February 24, 2013 8:14 AM
    This is NOT a good thing. PayPal is the worst thing to come out of internet. It is not regulated like a bank or credit card, and it can and will hold you money for ungodley lengths of time without recourse for whatever political reason it wants. They blacklisting entire legal industries and forcing legal websites to fork over their user logs. Unlike a credit card or bank account you have no legal protections and guarentees, only their gracious company policies. Make them play by the rules, and I welcome them.
  • 14 Hide
    enewmen , February 24, 2013 11:27 AM
    I think what abadon is saying is once you have a problem, You're Screwed.
    Screwed as in your account is limited. That means all information is frozen, all assets are frozen for 6 months , and you can NOT create another account EVER. Customer support is worse than useless. There is NO problem solving procedure and any decision to limit cannot be appealed. At least with a bank, any problem can be solved somehow. That means, if your business depends on PayPal, You're Really Screwed.
    If you never had a probem with PayPal - as many did, then consider yourself lucky.

    To be fair, the person that authorized my business account asked me how I was doing. My account was limited for 4 months. After reviewing my emails with customer service, the situation escalated to the local VP of business accounts. I was lucky the situation escalated so high. All that was needed was one document scan and a data field was changed. Now all is smooth.
Other Comments
  • 14 Hide
    abbadon_34 , February 24, 2013 8:14 AM
    This is NOT a good thing. PayPal is the worst thing to come out of internet. It is not regulated like a bank or credit card, and it can and will hold you money for ungodley lengths of time without recourse for whatever political reason it wants. They blacklisting entire legal industries and forcing legal websites to fork over their user logs. Unlike a credit card or bank account you have no legal protections and guarentees, only their gracious company policies. Make them play by the rules, and I welcome them.
  • 16 Hide
    WhyFi , February 24, 2013 11:14 AM
    ebayjunkcolltoragree that paypal is the most safe way to make payment through internet.I use it for all my payment in ebay is the only way that will guarantee to claim your money back. dispute for bad product and if the other party or the seller still want to continue using paypal for business they have to refund or by force from papal if you win the case. I trust paypal I only leave a few hundred buck there for buying and selling as well.


    If you're the seller, PP can and will hold your money unlawfully. In most states in the US, paypal is licensed as a money transmitter, nothing more, so when they decide that they're judge and jury on a dispute, they're over-stepping their bounds. When they hold money for longer than 10 days (which is common for sellers without a lot of feedback) in the event of a dispute, they're over-stepping their bounds. When they hold back a rolling 30% slush fund for frequent sellers, they're over-stepping their bounds.

    The fact is that paypal is not a bank, they have no oversight like a bank, they have no protection like a bank. They're an additional middleman between customers, service providers and their respective banks and they really don't bring anything to the table besides additional fees an illusion of security for people that don't know any better.
  • 14 Hide
    enewmen , February 24, 2013 11:27 AM
    I think what abadon is saying is once you have a problem, You're Screwed.
    Screwed as in your account is limited. That means all information is frozen, all assets are frozen for 6 months , and you can NOT create another account EVER. Customer support is worse than useless. There is NO problem solving procedure and any decision to limit cannot be appealed. At least with a bank, any problem can be solved somehow. That means, if your business depends on PayPal, You're Really Screwed.
    If you never had a probem with PayPal - as many did, then consider yourself lucky.

    To be fair, the person that authorized my business account asked me how I was doing. My account was limited for 4 months. After reviewing my emails with customer service, the situation escalated to the local VP of business accounts. I was lucky the situation escalated so high. All that was needed was one document scan and a data field was changed. Now all is smooth.
  • 10 Hide
    teh_chem , February 24, 2013 1:19 PM
    The only people who would be excited about paypal in general are probably only buyers who haven't gotten screwed by their crappy system yet.

    Paypal is not a good service. I don't know of any other business that is not recognized as an official financial institution but is allowed to lock your account funds virtually indefinitely without having to divulge the explicit reasons for this.

    Hell, even suspected criminals have had their finances locked for less time than some legit Paypal users.

    People who are excited about paypal should read up on many of the grievances others have written up around the web.

    The sooner paypal dies, the better it will be for LEGITIMATE commerce.
  • 7 Hide
    dark905 , February 24, 2013 1:27 PM
    scampal.
  • 8 Hide
    xendrome , February 24, 2013 8:19 PM
    UK.. Prepare to have your accounts frozen!
  • 10 Hide
    f-14 , February 24, 2013 8:48 PM
    i wonder how long it will be before ' here' is banned in macedonia for fraud again
  • 10 Hide
    Dragos D , February 24, 2013 9:26 PM
    makaveli316Nobody force you to use it.I'm a buyer and i use it and i never had a single problem with PayPal in all those years.If you're a seller, just avoid it if it's such a problem for you, as simple as that.If it isn't good for you, that doesn't mean it's the same for everyone.


    I do not understand your logic. "Nobody forces you to use it." - Does that make it ok? Why am I not allowed to comment on it? This is not about some guy who likes to eat grass. That, I wouldn't care about. This is a massively employed money transfer system. It affects the masses. Shouldn't it build its legitimacy on more than just the fine-print?

    "If it isn't good for you, that doesn't mean it's the same for everyone." - If I murder somebody's baby, but not yours, am I still a good guy because my evilness doesn't apply to you directly enough? Just replace the word "good" with the word "bad" in your own sentence.
  • 9 Hide
    PhilipCohen , February 24, 2013 9:38 PM
    And the ugly reality for consumers, particularly smaller payees, dealing with the clunky, unscrupulous PayPal ... http://bit.ly/UVXx53
  • 5 Hide
    WhyFi , February 25, 2013 12:00 AM
    Quote:
    If you disagree with me, I am fine with that, but instead of screaming comments of hate and disgust, let's here your stories with paypal causing you issues.


    Paypal's illegal and/or questionable practices are well known and documented. In a class-action lawsuit alleging illegal restriction to funds, they settled quietly rather than have it go to court and risk more damage. http://www.snopes.com/inboxer/nothing/paypal.asp

    If you want to read individual experiences of people that have been screwed by paypal, there's a website devoted to it - http://www.paypalsucks.com/
  • 9 Hide
    PhilipCohen , February 25, 2013 3:36 AM
    edogawaHeh, that's rather funny and sad, some of those people on there sound insane.Paypal has been excellent for me these last 4 years, and I guess either I am lucky or something.


    And I'm another of those "insane" people: http://bit.ly/UVXx53
  • 0 Hide
    merikafyeah , February 25, 2013 4:56 AM
    "PreyPal" and "PrayPal" are more appropriate names for much of the same reasons.

    They "prey" on seller funds and you'll have to "pray" that your account isn't frozen and your business potentially ruined. Customer "service" isn't bad because they can't help it. Make no mistake, it's deliberately horrible, because the longer they can delay you from getting your money the more profit they can make off of it (hence the ridiculous 180 day maximum) . That's right, PayPal makes profit off of your money, just like the banks do. But at least with banks you have government pretending to regulate them, but with PayPal? Nope.

    Your @$$ is screwed.
  • -2 Hide
    back_by_demand , February 25, 2013 6:47 AM
    For all those bashing Paypal saying "they aren't a bank, so don't have the same safety"
    ...
    Banks have done a bang up job so far haven't they?
    ...
    Plus this article is about a service launching in the UK where there is an additional layer of protection called the Direct Debit Guarantee which is something that all banks have to sign up to for customer protection - Paypal service in the UK is not nearly as ropey as the service offered in the US, where frankly your financial services are a joke (and before you disagree I have 2 words for you, Bernie Madoff)
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