PayPal officially announced their entrance into the mobile payment world with the free “PayPal Here” reader and accompanying free iOS and Android application.

--
PayPal Here is the world's first global mobile payment solution that allows small businesses to accept almost any form of payment. It's designed to help those merchants make more sales and grow their business with confidence. And it gives them choices. They can accept payments by swiping cards with a fully encrypted thumb-sized card reader, or use a phone camera to scan and process cards and checks. It also allows them to invoice directly from the mobile app and, of course, accept PayPal in a brand new way.

So, you're asking, how is this different from other small business mobile payment solutions? The key differentiator is that it comes from PayPal, a trusted brand in the online payments industry with more than 100 million customers around the globe and years of proven payment innovation, driving growth for millions of businesses globally. PayPal Here comes with our world-class fraud management capabilities, and our 24×7 live customer support. In addition to accepting more payment methods, PayPal Here offers a simple flat rate of 2.7% for card swipes and PayPal payments. Merchants are also given a business debit card for quick access to their funds and 1% cash back on eligible purchases – which means if you use the debit card, your fees are actually just 1.7%!
--

PayPal Here is available today exclusively for select merchants in the United States, Canada, Australia and Hong Kong. It will open to all other merchants in those countries next month. The availability of PayPal Here in more countries will be announced soon.

Click here to check out more informations. 

It looks quite cool. What do you think about the mobile payment solution? Will you be one of its users? Leave your thoughts below.

via iclarified