PayPal to Launch a New Payments Platform for Merchants

An event held for the merchants in Los Angeles to give them a good idea about the new technologies going to be announced by eBay owned payment giant, PayPal. In a blog post, the CEO Scott Thompson states:

PayPal is re-imagining money and making it work better for merchants and consumers – whatever device you’re on, wherever you are in the world, and however you prefer to pay (whether that’s cash, credit, or installments).

In one of its statements, the company reveals that it is going to present a one-stop shop for traders that will entertain both online and local companies to administer payments. Company has not yet provided a detailed account of the features but it is being said that new-features will offer location-based offers, doing payments on to hand from any mobile device and certain other payments flexibilities to customers.

The video given in the post will give you a clear idea of how PayPal will permit local companies to accept payments from customers through mobile devices by means of scanning technology and QR codes. Such an in-store PayPal practice has already been mentioned by eBay CEO John Donahoe previously. In addition to online payments, this feature will also allow you to use PayPal physical payments gateways at stores.

Other than making payments, the user will also have the privilege to access the real-time store inventory, get in-store offers and real-time location-based promotion as well.

The Vice President Global Product and Experience for PayPal, Sam Sharuger states that the new payments policy is not restricted to make payments rather it will offer a better interactive connectivity to merchants and customers from the search process to the post-purchase time.

He further added that many national and international traders have already incorporated this policy and by next year more than 20 traders will be connected to this platform.

Enjoyed this article? Submit your email to receive daily news and updates.

***You must click confirmation link sent in email. If you don't see the email, check spam folder.

Filed in: News Tags: ,

Leave a Reply

Submit Comment

© 2022 Tech Readers. Reproduction without explicit permission is prohibited. All Rights Reserved. XHTML / CSS Valid.