PayPal Here Chip Card Reader Mimics Bitcoin in Backwater Way
PayPal has unveiled a new piece of hardware that will make it easier for retailers and in-store merchants to accept contactless card payments, such as Apple Pay, Android Pay, and EMV-enabled cards. The PayPal Here Chip Card Reader has been unveiled to US customers and is aimed to make the transition to these brand new payment options much smoother. For those merchants who hoped to receive this device at a cheap price, there is a harsh reality to face. Even though the PayPal Here Chip Card Reader will be offered at the price of US$49 to US retailers, they will only be deemed eligible for....
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Online payments giant PayPal recently launched a new product called PayPal Here Chip Card Reader which allows merchants to accept various forms of digital payment such as Apple Pay, Android Pay, and EMV-enabled cards. It is available for US retailers, in-store merchants, and customers. The PayPal Here Chip Card Reader is currently offered at $49 for US retailers if they can be able to process at least $3,000 worth of transactions within the first three months. If not, the retail price of the card reader is at $149. PayPal vs. Bitcoin. Following its split with online retail company eBay,....
It is no secret that any type of card reader can be used for both legal and illegal activities. Making credit card payments in most countries involves either the customer or cashier to swipe the card through a card reader. Square, a company, known for its credit card payment processing capabilities, faces some security concerns as far as their Square Reader device is concerned. With technology evolving at a rapid pace, a lot of focus is being put on making the entire payment experience more convenient for customers. As a result of that ideology, applications and hardware have been released....
An interesting hackers' event held in Berlin last month saw the development of a pocket-friendly bitcoin ATM. The mPOS (mobile point of sale) Hackathon was held at the sidelines of the Merchant Payments Ecosystem 2014 event on 18th - 30th February, and attracted a number of German developers, including Meinhard Benn. Benn came up with a simple Android app that can turn most Android devices into rudimentary bitcoin ATMs. Of course, the mobile ATM cannot dispense or accept cash, and it doesn't look like a typical ATM, but it does work. DIY technology. The Pocket Bitcoin ATM app can be used....
Credit cards are one of the most common payment methods around the world, yet they are also one of the least secure forms of payment. There is no other payment method in history suffering from such a high rate of fraud and chargebacks, as these cards were never intended to be used for online payments. Several banks have issued a new version of their credit cards, which should make them more secure. Whenever someone holds up a credit card, there will be a plastic-looking chip on the left side of the card. This chip is designed to be read by credit card processing terminals all over the....
Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” said Paypal’s CEO. Crypto Payments Through Paypal Now Enabled at Millions of Merchants Paypal Holdings Inc. announced on Tuesday the launch of a new service called “Checkout with Crypto.” The announcement details: Available at....