PayPal Australia has announced a new partnership that will make PayPal Here, a Bluetooth enabled chip and PIN card reader that allows small businesses to take payments on the go, available for purchase at Officeworks stores nation-wide and online.
The partnership between PayPal Australia and Officeworks means that for the first time, Australian small business owners will be able to purchase mobile payment terminals in-store, reducing the set-up barriers and extensive wait periods businesses would normally have to overcome to set up non-cash payments for their business.
PayPal said its PayPal Here solution turns a smartphone into a complete payments solution, allowing businesses to not only accept MasterCard and Visa credit and debit card payments, but also allows them to generate and distribute invoices and send receipts. With the chip and PIN mandate now in full affect, small businesses have had to quickly adapt to the new payments landscape and set up their business for chip and PIN card payments.
“Traditional payments infrastructure once meant that setting up mobile payments facilities resulted in hefty fees, long wait times and cumbersome policies that was unsustainable for many small businesses,” Andrew Rechtman, Senior Director of SMB, Retail and Strategy at PayPal Australia, said. “Now, anyone from a young entrepreneur to an established business owner, will be able to head into Officeworks, purchase a payments terminal and accept card payments straight away. This represents an exciting shift in the payments industry, providing businesses with access to funds with less hassle and fewer barriers to entry.
“This new partnership will allow more Australian businesses to securely accept multiple forms of payments, while also helping to meet growing consumer demand to pay with the digital wallet.”
More information on PayPal Here is available at www.paypal.com.au/here.
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