The PayPal Here works by downloading a point of sale application onto your smartphone/tablet which is then linked to a PayPal card reader. The card reader is paired with your smartphone/tablet via Bluetooth. The point of sale application gives users the option to generate reports, set up an inventory which can include regular payment amounts, and also allows the account to have multiple users if required.
The particulars
- The card reader costs £54 including VAT
- The reader needs to be connected to the internet in order to work – wifi or 3G at least
- Each transaction is then charged at 2.75% (for contactless and chip and pin) or 3.4% + 20p for payments made by swiping or manually entering the card details
- Maximum limit of £5500 per transaction
- The reader can accept contactless, chip and pin or swiped cards (Visa, Mastercard, Discover and American Express)
- Payment instantly received in the bank account
- Option to email, text or print receipts (printer sold separately)
- The downloadable application provides the option to customise receipts
- Battery life for up to 100 transactions continuous use
