March 21, 2012
Square revolutionized the way small business owners could accept credit cards. Rather than needing a bulky (and expensive) credit card terminal, all you need with Square is your iphone or Android phone and the Square credit card swiper plugs right now. Apparently PayPal has realized what an asset this is to small businesses and has come out with a competitor – PayPal Here.
PayPal Here makes accepting credit cards easy for small businesses. Like Square, you just need an iphone or Android phone and their credit card swiper (which has a triangular shape – not sure if that was a literal thumbing-of-the-nose at Square). All you have to do is swipe the customer’s card and the funds are immediately available in your PayPal account which are easy to move into your business bank account. If you already have a PayPal account you use for business purposes this might be a great addition for you to be able to accept credit cards anywhere you have cell phone access. Check out the PayPal Here introductory video if you want to learn more.