Card reader connected to Smart phones from PayPal

PayPal’s new service, the PayPal Here application allows almost any kind of payment management services for small businesses. The smartphone can be the formed into a full-featured credit card terminal.

PayPal Here, the world’s first global mobile payment solution allows small businesses to accept almost any form of payment. It’s designed to help those merchants make more sales and grow their business with confidence. And it gives them choices. They can accept payments by swiping cards with a fully encrypted thumb-sized card reader, or use a phone camera to scan and process cards and checks. It also allows them to invoice directly from the mobile app and, of course, accept PayPal in a brand new way. (MTI)