Paypal announced Paypal Here, a mobile payments solution for mobile devices for payments by credit card, similar to the Square, released in 2010 by the hands of Jack Dorsey, the co-founder of Twitter. The Paypal credit card reader allows small businesses to accept almost any form of payment, it will charge traders a fixed rate of 2.7% for every transaction made through the device. The service works with a free app available at the app store and is capable of sending invoices or accepting debit and credit cards, checks and PayPal. The system is available now for iPhone and will be available soon for Android.
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