Printed from http://www.electronista.com

PayPal prepares Here mobile payments for European launch

updated 09:46 am EST, Fri February 22, 2013

Initial roll-out in UK uses new Chip & Pin device

PayPal is rolling out a new version of its Here mobile payments system for Europe. Starting in the UK, the payments service will be providing businesses a pocket-sized device that will offer Chip & PIN protection for payments through a retailer's mobile phone, instead of the triangular attachment used in the United States.

The new card-reading unit connects to an Android or iOS device over Bluetooth, with the dedicated PayPal Here app performing the main payment transaction itself. The separate device allows the customer to enter their PIN in without making contact with the merchant's mobile device, and resembles existing Chip & PIN payment systems on the continent.

The new version of PayPal Here will be trialed with a number of UK businesses before rolling out to other merchants and into Europe by the Summer. The card reader will be a one-off charge to retailers, currently unknown, followed by a small fee per transaction, something PayPal will reveal closer to launch.




By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News