PayPal Here is one of the best mobile credit card processing providers when it comes to hardware. All PayPal mobile credit card processors are Bluetooth-enabled, which gives you the flexibility to accept payments anywhere within range of your mobile devices. And PayPal’s POS devices are some of the most affordable on the market.
All PayPal Here customers can get either a basic mobile card reader (normally $19.99) or a chip and swipe reader (normally $24.99) for free when you set up your plan. Or you can upgrade to the Chip and Tap + Charging stand for contactless, chip, and magstripe transactions. It costs only $79.99—the cheapest three-in-one device we found.
PayPal Here also lets you accept checks through the mobile iPhone, Android, or Windows app. And of course, customers, vendors, and anyone else can use their own PayPal accounts to send and receive funds.
Swipe transaction fees are a flat 2.7%, beating Square’s 2.75% (though they come out the same on keyed transactions with a 3.5% + $0.15 fee on manually entered payments). And like Square, PayPal doesn’t charge any monthly subscription fees. Best of all, PayPal’s reader and mPOS system integrate seamlessly with PayPal’s popular merchant services—making it easy to take both in-person and online payments from anywhere.
Out of the gate, PayPal Here doesn’t have next-day funding, but it does have an alternate solution you can choose. If you sign up for the PayPal Business Debit MasterCard®, you can get your payments as quickly as one business day.
If your business needs the flexibility to add additional credit card terminals, consider purchasing from PayPal’s suite of POS products. You can get receipt printers, cash drawers, and POS device stands and cases. PayPal Here also lets you customize your profile and receipts, manage inventory, add multiple users, and access lots of online tools and resources.