PayPal Here Coming to the United Kingdom

News
By Jane McEntegart
published

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:

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Jane McEntegart
34 Comments Comment from the forums
  • abbadon_34
    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.
    Reply
  • makaveli316
    abbadon_34This 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.
    I'm using PayPal since it came out and it is the most safe payment option on the web.
    "..hold your money"? What are you talking about?
    You're not forced to have money in your PayPal account. You can just register your credit card or bank account and transfer money and you don't need to give your credential to any seller.
    I had few times problems with a seller, who didn't send the item and PayPal gave me back my money.
    And all this is free. What more do you want?
    PayPal is the best thing to have when you buy stuff on the internet.
    Reply
  • agree 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.
    Reply
  • WhyFi
    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.
    Reply
  • enewmen
    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.
    Reply
  • teh_chem
    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.
    Reply
  • dark905
    scampal.
    Reply
  • makaveli316
    Nobody 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.
    Reply
  • xendrome
    UK.. Prepare to have your accounts frozen!
    Reply
  • Wow really, so I can take payments from customers today, using the chip and pin, and transfer them as soon as its in my account, where exactly is the problem. Most traders using this will not be holding massive amounts in the pay pal account, a day or two trading at the most, but honestly, go speak to streamline, get yourself a mobile streamline unit that has its own sim-card, and have the security of payments directly into your bank, for very little upfront cost anyway ( Exactly what I use, worth the fee a million times over)
    Reply