Boost cashflow and reduce hassle

Good news for small businesses, PayPal will be launching a portable chip and PIN device soon.

Using the brand name “Here” the small device can be used anywhere in combination with a smartphone via Bluetooth.

Aimed at small businesses, who have normally had to rely on cash and cheque, Here enables them to accept PayPal, debit and credit cards wherever they are.

This could be on your market stall, shop, restaurant or taxi. You could even take money from someone you meet in the pub!

You could start to have a mobile sales force or have multiple tills.

Businesses will also be able to use the PayPal Here to log cash/cheques and send invoices and receipts. And, because PayPal links to Xero Accounting Software the bookkeeping process is streamlined.

The really good news is that unlike traditional chip and PIN devices, PayPal Here does not require a contract or ongoing fees. There will be an upfront cost and a small fee per transaction like when using PayPal online.

Could this be a “game changer” for small businesses?

PayPal Here will let you offer your customers another way to pay while saving them the hassle of taking cash and cheques to the bank.

It is also more secure uses fully encrypted Chip and PIN technology and is backed by our world-class risk and fraud management systems. So, you and your customers can get on with doing business, knowing that all financial information is kept secure.

To register when PayPal Here goes live click here.