Paypal Here: Mobile Paypal Payment System

Paypal just released 'Paypal here' system, permitting clients to use their credit cards, checks, or paypal accounts to pay for services even at establishments without credit card readers. 'Paypal here' mobile payment platform transforms smartphones into payment swipe-readers. The system requires only the insertion of a small card-reader, designed by yves behar of fuseproject, into the audio jack of any iPhone or android smartphone. the system is encrypted and protected by the same risk management that paypal offers for its online services. Specially designed for small businesses, including food carts and market vendors, 'paypal here' extends a 2.7% charge for transactions, while the card reader device and app themselves are free.