With the evolution of technology, it has become imperative for businesses to keep up with the recent technological trends in the world. One of them is the POS System, and it is a very important tool for business owners.
If you have a restaurant, bar, or food service business, you need a good POS system like PayPal POS. In this article, you’ll find out how it works and whether it’s a good fit for your business.
What is PayPal here?
PayPal This is a portable card reader created by PayPal. You can easily put it in your pocket and take it with you wherever you go. You also get paid directly into your online account. The PayPal Here app is compatible with your online accounts and can be used on any connected mobile device.
What is the PayPal Here app best for?
The PayPal Here app is best suited for business PayPal users who prefer a contract-free card reader for contactless, EMV, or swipe card payments.
How does the PayPal Here app work?
There are a few things you need to enable you to receive credit card payments with PayPal here:
1. PayPal business account
2. Smartphone or tablet
3. PayPal App Here
4. PayPal Here Card Reader
First of all, visit the PayPal website and fill out the PayPal registration form here to sign up. Any business owner or non-profit organization with a valid email address can access the service. However, you must provide additional information such as business name, address, city, phone, business type, estimated monthly sales, category, and tax ID.
You can order a card reader through PayPal or buy it from a trusted retailer. Whichever method you choose, you must purchase one of PayPal’s card readers.
Then download the PayPal Here app from the App Store if you have an iPhone or the Google Play Store if you have an Android device. The app has an intuitive, user-friendly and user-friendly interface. You can use the app to manage inventory and edit customer information displayed on receipts.
What are the specifications of the PayPal card reader?
When it comes to choosing a PayPal card reader, there are several options available.
This card reader costs $19.99, but it only accepts magnetic cards. It is a small triangular magnetic card reader that plugs into the audio jack of a cell phone. However, not all cell phones have an audio jack.
This card reader has a specific reserve policy where payments over $500 in a week are held for 30 days. Swipe payments are not as secure as EMV or NFC technology.
If you want to avoid liability for potential fraud, you should choose a model that accepts contactless or EMV payments.
As the name suggests, this card reader only accepts magnetic cards and chip dips. It costs $24.99.
This card reader costs $59.99 and accepts any card, including swipe cards, chips and contactless cards, Google Pay, and Apple Pay. It also comes with a charging stand that can be used with a POS counter. However, you will have to pay $79.99 for it.
This is the most expensive card reader in PayPal’s POS hardware collection and costs $99.99. It comes with a built-in keypad where customers can enter their PIN without signing in to the app. With the PIN pad, customers no longer have to use their phone or tablet screen to enter their PIN. All they have to do is type it directly on the keyboard.
Contactless and chip card readers connect directly to your phone or tablet via Bluetooth. Only PayPal magnetic card readers should be connected to an audio jack.
What are the fees for the PayPal Here app?
None of PayPal’s card readers have monthly or setup fees. They also do not have any contractual lock-in fees.
It is strongly recommended that you choose one of the contactless or chip card readers as swipe payments are no longer secure. Chip and contactless payments are more suitable as they are secure.
The cost of each chip, swipe, registration and contactless payment was set at 2.7% of the total transaction. This rate applies to national debit and credit cards.
| PayPal Fees Here | |
| account creation | Free |
| contractual commitment | None |
| Mobile app | Free |
| Entered and scanned payments | 3.5% + $0.15 transaction |
| Swipe, chip, tap and check-in payments | transaction fee |
| cross border fee | additional 1.5% per transaction |
| currency conversion rate | 2.5% |
| refunds | The original transaction fee |
Although the PayPal app can scan the credit card information, you must manually enter the amount of missing data, including the security code. You can also manually enter the card details into the app. It costs 3.5% + 15¢ per transaction. Here’s what to do if you’re using a US card.
Cross-border transactions cost an additional 1.5% fee. It will cost 4.2% for US magnetic cards and 5% + 15¢ for foreign-issued card transactions. Cards outside of the US also have an additional 2.5% currency conversion fee if the transaction was paid for in another currency.
If you accept the national card in person, the flat fee excluding a flat fee (many competitors like to add this fee) is an appropriate fee for low transaction amounts.
If a fixed fee were included, the total transaction fee percentage would be very high for small transactions. However, if you accept many foreign-issued cards, the total fee may be higher than other card reader companies.
Each time you process a customer refund, you will be charged the original transaction fee for the refunded transaction. Chargebacks attract an additional administrative fee of $25 each.
What are the accepted payment methods and cards?
With PayPal Here, you can accept debit and credit card payments, cash payments, mobile check-in, checks, and bill payments. The most common cards used with the PayPal Here app are:
- amexpress
- Visa
- MasterCard
- Discover
The contactless cards that can be used with the PayPal Here app are:
- apple payment
- samsung pay
- google pay
The app is specially designed to accept PayPal check-in, allowing customers to pay with their phone and their PayPal app (source). You can also track cash and check payments or send an email invoice with the app payment.
What are the features of the PayPal Here app?
- The PayPal Here app can be used with most Android phones, tablets, iPhones and iPads. iPhone and iPad must have iOS 10 or later. Android devices must be running on 5.0 or later.
- You can include products and services in the inventory library. The Library is a neat in-app menu for tapping on items to add to an invoice.
- You can also add a tip (custom standard tip), discounts, or taxes to the tab. After each transaction, a receipt can be sent via text or email. You can also print via a compatible Bluetooth printer.
- With the app, you can view your transactions and sales reports.
- You can also add multiple logins to separate sales made by a team of staff members.
There is only one difference between the iPhone and iPad versions: the iPad version has barcode scanning while the iPhone does not.
What are the benefits of the PayPal Here app?
- Does not require monthly fees
- Facilitates instant deposits to your PayPal account
- It is integrated with other PayPal services.
- Customer service is always available
- It does not require any commitment.
What are the disadvantages of the PayPal Here app?
- Has several tricky reservations
- They don’t have good customer service.
- Requires cross-border fees
- These are manual transfers to your bank account
- Delay funds above PayPal slip limits
Every business needs an effective POS system and card reader. The PayPal Here app has numerous benefits, and you can choose from the variety of card readers to choose the one that best suits your business.
Categories: Technology
Source: SCHOOL TRANG DAI
