The PayPal Here POS service has been formally retired
Eleven years ago, PayPal introduced the PayPal Here POS service. Now some recent reports suggest that the PayPal Here POS service is going to be suspended by the company. The company states that users will be required to move to another platform. This new platform is now accessible as a result of a PayPal acquisition. Users will have access to make their payments using the PayPal Debit card on the company’s own POS machine.
PayPal Here POS service is substituted with the Zettle card transaction platform service
iZettle is a Swedish financial technology company. It was procured by PayPal back in 2018 for $2.2 billion. This amount is almost double the start-up company’s valuation at the time of buying. PayPal intended to expand its market share in order to better serve physical merchants who were looking for ways to accept client cashless payments.
Previously, iZettle was present in around twelve countries. Its main market was Europe and Latin America. however, with PayPal’s acquisition of iZettle, the service will now expand its reach across more countries. Since the service is ready to replace the PayPal Here POS service for enterprises around the world.
The shutdown will begin on April 3rd in the US. The products from Here POS from machine to apps will stop working. The users in the US are required to use the new Zettle POS Service. It is accompanied by new POS machines, payment terminals, and a brand-new app.
The all-in-one payment terminal cost $199. Whereas the barcode scanner is priced at $40. When it comes to small businesses, they will get their first Zettle card reader for $29. However, they will be required to pay $79 each in case they want to buy more than one card reader.
The app can be downloaded to keep track of payments of current as well as new users. the companies that utilize the all-in-one payment will receive the app as well as a touchscreen card reader. Furthermore, the Zettle platform is equipped with various payment types. In this way, the new platform provides secure, safe, and encrypted transactions.
Furthermore, you might be at a loss if you recently bought PayPal Here POS equipment. PayPal suggests that businesses convert to using the Zettle POS service and properly dispose of all Here POS hardware. The Here POS devices’ deadline for any refunds expired in February 2023.
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