PayPal has introduced two new PayPal Here credit card readers—the Chip and Swipe reader and the Chip and Tap reader—to provide small businesses with greater payment flexibility, mobility, and enhanced security. These devices are designed for easy connection to mobile devices, offering businesses a secure and convenient way to accept payments in various environments, from storefronts to mobile setups.
The Chip and Swipe Reader
The Chip and Swipe reader accepts both EMV chip and magnetic stripe cards, connecting via Bluetooth to smartphones and tablets. This reader is ideal for businesses looking for a simple, mobile solution that allows them to process payments securely while on the move.
The Chip and Tap Reader
In addition to EMV chip and magnetic stripe cards, the Chip and Tap reader supports NFC-enabled contactless payments, including popular mobile wallets like Apple Pay and Google Pay. This functionality provides consumers with more options at checkout, accommodating those who prefer the convenience of contactless payments.
Security Features
Both PayPal Here readers integrate advanced encryption technology to secure transaction data, aligning with industry security standards. They also support PIN entry for debit transactions, adding an additional layer of protection against unauthorized transactions.
Integration with PayPal Here App
The new readers work seamlessly with the PayPal Here app, which is available on iOS and Android. Through the app, business owners can manage sales, track inventory, and generate invoices directly from their mobile devices, streamlining business operations alongside payment processing.
Pricing and Availability
The Chip and Swipe reader is priced at $24.99, while the Chip and Tap reader is available for $59.99. Both can be purchased through PayPal’s website or authorized retailers, making them accessible options for businesses of any size.
By offering these mobile card readers, PayPal aims to equip small businesses with the tools they need to provide diverse payment options, securely and conveniently, wherever they operate.
