Paypal today announced “PayPal Here” a mobile payment solution for iOS and soon Android. The new services utilizes a free smartphone app and an encrypted card reader to enable users to send invoices or accept debit and credit cards, checks and Paypal using one integrated product.
Currently, Paypal Here is in limited release but you can sign up to be notified automatically when it becomes publicly available.
In the U.S. and Canada, the PayPal Here card reader and merchant app are free. You pay 2.70% for swiped transactions and PayPal payments, and 3.5% + $0.15 if you type in the credit card information manually or scan the card using the Scan Card feature.