PayPal Offers Free Mobile Payments in the US

Waiving process fees

PayPal President David Marcus has announced that the company will be offering free credit, debit, cheque and PayPal transactions to companies in the US using its Here Solution.

As a result, Its Cash for Registers initiative waives the processing fees for the year – of between 1.4% and 3.4% on the total sale amount plus a 20p per transaction – in order to get more merchants using mobile payments. There is a one-off fee to buy the Here dongle, which connects wirelessly to a cash drawer and printer via an app.  

He said: “At PayPal we’re committed to that vision of the future of shopping, and Cash for Registers is driving that transformation.” Companies that get on board will also be promoted among PayPal’s 55m customer base in the US, the president explained. Home Depot and Abercrombie & Fitch are already using the system in stores. 

It is unclear whether or not PayPal will be launching a similar initiative in the UK.

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