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Roughly a month ago PayPal unveiled its Square-like device for accepting credit card payments for smartphone and tablet users – PayPal Here. During the first 24 hours, the company said it received 1,000 sign-ups per hour, and now they say more than 200,000 merchants are on board.
Initially, the triangular dongle was available to select merchants in the US, Canada, Australia and Hong Kong, and during this (second) quarter it is expected to hit additional markets.
Unlike Square, which is still a US-centric service, PayPal Here was global from the day one, something eBay’s CEO John Donahoe (eBay is the parent company of PayPal) doesn’t hide at all — quite the contrary, he’s proud to be the first such global service.
In related news, eBay forecasts that PayPal will process $7 billion in mobile payments this year, up from $4 billion in 2011.
And if you want to join the growing number of PayPal Here users, you can do that from this page.
[Via: MobileMoneyLive]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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