So you’ve gotten all set up with PayPal’s new PayPal Here credit card processing system for smartphones. You have downloaded the software, received and plugged in the swiper and off you go, right?
You may not have thought about some of the drawbacks to using a cell phone or iPad device to accept and process credit cards and you just might find yourself asking questions like:
- What do I do if I lose cell phone reception?
- What If I don’t want to hand my cell phone to a customer for them to sign on it?
- What if the customer drops my phone and ends up breaking it?
- Why didn’t anyone tell me that the credit card reader won’t work on my particular model Android device? Now I have to either manually type or key the credit card information in to my phone or buy another phone!
So you might be asking yourself, isn’t there something that is more like a traditional point of sale system that I can still use with my PayPal account? A system that I can swipe and process credit cards using my laptop or desktop computer, perhaps, and print receipts for the customer to sign just like at a regular store?
The answer is YES! With the USBSwiper System you can have a more traditional credit card processing system using just your computer (Windows or MAC), a small USB credit card reader with the USBSwiper Software interface and other optional, inexpensive peripherals such as thermal receipt printers and bar code scanners to give you that big store look and feel as well as a bit more piece of mind that you won’t be without your cell phone if someone accidentally breaks it.
As long as you have internet connection you can process credit card transactions in real time. Also, if you lose internet, you can still create invoices and process them later when you’re re-connected.
Because the system is connected to your PayPal account you will still get all the great reporting you are used to and great flat rates from PayPal. Being software based, the system will also allow you to export data for reporting and tracking as well as many other features.
Or call USBSwiper.com at (224) 677-0283
PayPal announced today that they are launching PayPal Here and will now compete with Square in the mobile payment market.
I’ve received quite a few emails and comments about this, along with questions about what this means for USBSwiper and our plans to move forward with PayPal development.
First and foremost, we’re excited to see PayPal taking this step. We may have been 4 years ahead of the game, but we knew all along we would never be competing with PayPal. Rather, we’d be growing right along with them. That’s exactly what we plan to do now.
The attention this announcement brings to PayPal entering the mobile and point of sale market is fantastic. It’s opening the eyes of both buyers and sellers online and offline to what exactly PayPal can do for them.
The best part…
We can still beat their rates!
PayPal is offering a 2.7% flat-rate on transactions processed using PayPal Here. USBSwiper, though, still utilizes the Payments Pro platform as it always has. Therefore, you can easily qualify for 2.5% or even 2.2% rates when using USBSwiper or the soon to be released, MobileSwiper application with PayPal.
Keep in mind that USBSwiper / MobileSwiper also works with standard merchant accounts which can offer rates as low as 1.48%, so if you really want to save money on transaction fees that might be your best option.
PayPal is simply a tool used to for sending and receiving money. It was originally developed as a tool for accepting payments on your website, but it is quickly making its way into the retail market allowing merchants to process transactions at the point of sale.
How Does PayPal Work?
When you create a PayPal account, you will enter your bank account and credit card information into the PayPal platform. This process allows PayPal to verify its users which reduces the possibility of fraud when sending or receiving money.
PayPal also acts sort of like another bank account for you, although, they’re not technically a bank. Money you receive will fall into your PayPal account, and you can also transfer money to PayPal from your standard bank account. You carry a PayPal balance just like a checking account and you can pay for things with this balance just like cash in a bank account. You can even get a PayPal debit card and make purchases with cash-back rewards.
If you’re on the receiving end of a PayPal transaction, the money will drop into your PayPal account and sit there, as cash, until you either spend it or transfer the funds to your actual bank account.
There is a fee for receiving business transactions with PayPal (personal payments are free) but there is no fee to transfer funds to your bank account. The fees PayPal charges for business transactions are very competitive when compared to traditional merchant accounts.
How Does PayPal Protect Buyers?
When you pay for things with PayPal, the actual merchant you’re purchasing goods or services from will never see anything more than your email address and a shipping address, if applicable. The billing information like your credit card number, billing address, etc. is never seen or stored by the merchant. As such, the odds of your financial information falling into the hands of a fraudster are very slim.
Also, when paying with items using PayPal, the experience is generally very quick when compared to handling cash, typing credit card information, or even swiping a credit card. You would receive a payment request, and all you have to do is enter your PayPal email and password to confirm the payment to complete it.
How Does PayPal Help Merchants Receive Money?
PayPal provides a number of ways for merchants to receive money through their platform. While the standard use of PayPal is the most popular, where buyers sign in and pay through the PayPal platform, merchants can also sign up with Virtual Terminal and Website Payments Pro. This allows them to receive credit card payments directly just like a standard merchant account. This way, you can offer your buyers multiple methods of paying and increase conversion rates.
How Do I Get PayPal?
You can simply register for an account and you will receive all the information you need via email to get up-and-running quickly and easily. PayPal also provides plenty of support options should you have any questions or concerns along the way.
Andrew Angell, Co-Owner and Developer at USBSwiper, has received the PayPal Star Developer Award for the 3rd time in 4 years (2008, 2009, 2011). He is recognized for his efforts on the PayPal developer community boards to help application developers of all kinds integrate PayPal into their solutions.
Here he is on stage receiving his award at the X.Commerce event from John Donahoe and Naveed Anwar.
The much anticipated point of sale, credit card swipe module for Magento by USBSwiper is now available! Now online shoppers and Magento store owners can easily checkout using their credit card and USB credit card reader. Save time and avoid errors with our USBSwiper Module for Magento!