Did you hear about it yet? It's here, well almost...PayPal just announced their new mobile solution to compete with Square and it's called PayPal Here, "the simple way to accept credit and debit cards, PayPal and checks - anywhere you do business."
Here are 4 reasons you should sign up for PayPal's new mobile solution today:
1. Accepts Multiple Payment Options
You can accept multiple payment options in addition to PayPal payments, including credit and debit cards, checks, cash and you can even send invoices directly from the mobile app.
2. Payments Are Available Immediately
All of your payments collected through PayPal Here are immediately available in your PayPal account the same day of the sales so you can easily transfer to your bank or withdraw into a PayPal merchant debit card.
3. Only 2.7% Transaction Fee
All payments swiped on your PayPal Here with a card have a 2.7% transaction fee taken by PayPal (similar to Square who charges 2.75%). And, if you take checks or send invoices, it's completely free of charge with no hidden fees.
4. Free Card Reader and Mobile App
Just like Square, you get your own PayPal Here (it's a little blue triangle) card reader for FREE! It works with both Apple iPhones and Android phones.
What do you think?
Main image courtesy of PayPal