Physical payments PayPal come later this year

PayPal brings physical payments this year to Europe. The United Kingdom is the first to act; the Netherlands probably follow later this year. PayPals payment system accepts not only PayPal accounts, but also existing debit cards and credit cards.

The rollout of PayPal Here, such as the payment service of PayPal is called, is at this time already begun in London. There, the first pilots, a spokeswoman for PayPal to know. This summer should be the provision of a payment service in the United Kingdom as a whole are available. In October, said the director of PayPal Benelux told Tweakers that the service in 2013 or 2014, was coming to the Netherlands.

The exact date of the Dutch introduction is not yet known, but these probably follow shortly on that in the United States, may be the introduction also it was only in the autumn take place. “The intention is in any case to make the service available this year,” said the spokeswoman. A Belgian introduction let longer; at this moment it is still unknown whether and when the Belgians on the street with their PayPal account to pay for it. In Belgium, PayPal is less large than on the Dutch market.

The physical payment service of PayPal makes it possible to use a PayPal account to checkout, but the readers of the American company will also accept credit cards and debit cards. The reader uses chips on debit cards and credit cards used to process payments, instead of the magnetic stripe. Sellers can the reader via a bluetooth link to their phone. A PayPal app on the phone, which is available for iOS and Android, processes the payments. How users with their PayPal account can pay, is unknown.

The service is primarily intended for small business owners who have smaller amounts of payments process. How much they going to pay for the service to take off, it is not yet known: that varies from country to country and depends on the amount of payments that they process. In the United States, there is a uniform rate: that is, an entrepreneur has 2.7 percent of the transaction price to give. In the United States, it is in some of the formats also possible to use a PayPal account to checkout, but whether the service in the Netherlands also plan is yet to be discovered. PayPal is in any case not going to own debit cards to users with their PayPal account to pay, such as in the United States.

PayPal Here in the Netherlands will be under more competition from the start-up Payleven, which has a similar service has been introduced. In contrast to PayPal Here is the service of Payleven in the Netherlands is already available. Entrepreneurs who Payleven, to 2.75 percent of the transaction price to give; roughly the same as the percentage that PayPal in the United States uses.