PayPal officially unveils PayPal Here, an anticipated mobile payment solution that takes aim at...


PayPal officially unveils PayPal Here, an anticipated mobile payment solution that takes aim at Square. Leveraging a triangle-shaped dongle and mobile apps, PayPal says its offering, which it will push to its 100M+ customers, comes with a debit card that gives merchants 1% cash-back on some purchases, potentially lowering its rate to 1.7%. The news isn't helping eBay (EBAY -2.1%) shares, which remain pressured by a Credit Suisse downgrade.

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Comments (2)
  • tigersam
    , contributor
    Comments (1707) | Send Message
     
    I think CS put their foot in the mouth. Ebay will go to $40.
    15 Mar 2012, 02:57 PM Reply Like
  • kcr357
    , contributor
    Comments (592) | Send Message
     
    Excellent, I currently use PP and a virtual terminal for CC orders via Transfirst. The latter is cumbersome and time consuming compared to PP, and after the fees, ends up being 1-3% more than what PP is charging. Can't wait to dump transfirst and go all PP
    15 Mar 2012, 08:36 PM Reply Like
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