PayPal (EBAY) will reportedly take on rapidly-growing Square by offering a rival credit-card...
Mar 14 2012, 16:24 ET
PayPal (EBAY) will reportedly take on rapidly-growing Square by offering a rival credit-card swiping device that will charge a slightly lower fee (2.7% vs. Square's 2.75%). The move is another sign of PayPal's aggressive push into mobile and offline payments, leveraging a variety of solutions. However, in this instance, the fact Square has already signed up over 1M merchants will make things difficult. (previously)