Best for
PayPal Here is best for small businesses with varying risk profiles catering to small and mid-sized companies.
Specializes in
PayPal Here is a mobile payment app offered by parent company Paypal, Inc. The app caters to small businesses, and as the parent company, Paypal Here offers a flat-rate pricing structure. Paypal Here is a foray into a growingly thriving industry of mobile payment processing by parent company Paypal. The offering is accompanied by a mobile card reader that can either plug into mobile devices or connect with them via Bluetooth and seamlessly sync with a traditional Paypal account. PayPal Here offers self-branded mobile card readers free of cost. It also provides a more versatile card reader with Bluetooth and NFC functionality at a price.
Pricing Summary
Setup Fee: $0
Monthly Fee: $0
Swipe Rate: 2.7%
Keyed-in Rate: 3.5% + $0.15
Early Termination Fee : $0
Contract Terms:
With global operations, PayPal uses numerous acquiring banks that differ from country to country.
Paypal was established in 1998 by a group of innovators in San Jose, California, and is currently led by CEO Daniel Schulman. In 2012, the company introduced Paypal Here as a smartphone-based mobile payment system accompanied by a small card-reader geared towards small businesses.
Luke Nosek, Max Levchin, and Peter Thiel originally founded Confinity in 1998 in San Jose, California. In 2000, with a merger with its biggest competitor, Elon Musk's X.com, PayPal was formed. The company introduced PayPal Here, a smartphone-based app in 2012 for small businesses with a free mobile card reader.
PayPal Here offers its services mainly to small businesses with a flat-rate pricing structure without setup or early termination fees. The company includes PCI compliance without additional costs.
PayPal, the parent company, is accredited with the Better Business Bureau (BBB) in 2001 and has a B rating. Although the company has a high complaints volume filed against it with the BBB, it is one of the world's largest payment providers.
Head Quarters
San Jose, CA
Year Founded
1998
CEO
Daniel Schulman
Employees
29400
Merchant Provider Risk Tolerance
Easy-to-use interface
Extensive device compatibility
In-app invoicing available
Free sub-user accounts
Predictable flat-rate pricing
Ideal for low-volume merchants
Chip-card-compatible hardware
Time-tested and trusted by consumers
Account stability issues
Inconsistent customer support
Not suitable for high-risk industries
Not ideal for higher-volume merchants
Payment Services
Paypal Here: A smartphone app-based mobile payment system for on-the-go payment processing for small businesses within various industries. The payment system lets companies accept credit and debit cards, record cash and check transactions, and process payments via Paypal and Venmo QR codes, Apple Pay, and Google Pay.
Mobile Card Readers
Chip and Swipe: This is the free card reader available for businesses that can accept magnetic stripe cards and chip cards.
Chip and Tap: Lets businesses accept magstripe cards and chip cards and process touch-free payments via Apple Pay and Google Pay.
Tertiary
Business Operations: Lets businesses setup customized receipts, individual employee profiles to accept payments, manage products, track inventory, process sales tax, and run sales reports by-products, time series, and staff.
Financial Integration: Syncs directly with traditional Business Paypal account and lets merchants immediately transfer payments to that account (dependent on risk profiles). Merchants can also deposit the funds into checking accounts or debit cards linked to their Paypal accounts.
PayPal Here sales and marketing efforts are very transparent. The company hires inside sales teams only. As a very high-profile consumer company with a global consumer footprint, PayPal is very mindful of offering transparent and factful marketing about PayPal Here.
Discloses All Important Terms
Yes
Public Pricing Available
Yes
PayPal Here has a simple flat-rate pricing structure for all businesses.
Swiped rate: 2.7%
QR rate: 2.7%
Keyed rate: 3.5% + $0.15
Invoice rate – 2.9% + $0.30
PCI Compliance Fee: None
Annual Fee: None
Early Termination Fee: None
Monthly Minimum: None
Mobile Card Readers
Chip and Swipe: Free
Chip and Tap: $79.99
Pricing Model
Flat Rate
Swiped Rate
2.7%
Keyed-in Rate
3.5% + $0.15
Mobile Payment Rate
3.5% + $0.15
Virtual Terminal Rate
2.9% + $0.30
Monthly Fee
$0
Payment Gateway Fee
$0
Batch Fee
Early Termination Fee
$0
PCI Compliance Fee
$0
Equipment Lease Terms
Not Applicable
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
$0
Annual Fee
$0
Monthly Minimum
$0
Statement Fee
PayPal Here is very transparent regarding both the company's pricing and contract terms. The company offers flat-rate pricing and does not charge any up-front startup or early termination fees.
The company does not lease equipment, and it provides its self-branded mobile card reader for free. A more advanced version with touch-free payment functionality is offered at $79.99.
Contract Length
Month-to-month
Early Termination Fee
$0
PayPal, Inc. have been accredited with the Better Business Bureau since August 2001 and is currently showing a grade of “B" with 13,447 complaints in the last 36 months. PayPal, Inc. resolved 7,329 complaints to the satisfaction of the merchant, while the remaining 6,118 either were resolved to the dissatisfaction of the merchant or did not receive a final response from the merchant.
BBB
B(13,447 complaints)
N/A
N/A
Yelp
1 Star / 1 Review
Total Online Reviews
1000+
Total Online Complaints
100+
Lawsuits
1
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