PayPal Launches a Digital Point-of-Sale Solution for US Small Businesses

PayPal Holdings (NASDAQ: PYPL), the US-based online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term firm, announced on Wednesday the official launch of PayPal Zettle for the United States, a digital point-of-sale solution that enables small businesses to sell across in-person and online channels. According to the press release, small businesses could implement the new solution to accept a range of in-person payments thanks to the Zettle card reader.

With such a product, small companies could sell online and handle inventories, reporting payments, among other features. That said, PayPal Zettle will allow businesses to implement additional tools, from invoicing to the business debit card offered by the payments firm giant. “Consumers want seamless and integrated digital experiences no matter where they shop. As a result, small businesses need access to omnichannel payment and commerce tools to help them effectively compete and meet their customers wherever they are, in-person, online and in-between. We believe in the power of small businesses, and we will leverage PayPal Zettle to better serve in-person businesses and enable them to go digital seamlessly,” Jim Magats, SVP in Omni Payments at PayPal, commented.

Companies Already Using the New Solution

In addition, the US-listed payments company stated that firms like Speakcheesy, The Bullpen and Windybush Hay Farms are already using the new solution launched. Moreover, PayPal Zettle is now available to all small businesses located in the United States, which can purchase their first card reader for $29, with additional readers listed for $79.

“PayPal Zettle’s complete point-of-sale integration with BigCommerce empowers our merchants to operate in a truly omnichannel ecosystem, connecting their digital operations with their offline business in a simplified way, saving time and most importantly, giving our merchants greater control over their business,” Mark Rosales, Vice President of Business Development and Payments at BigCommerce, said about the newly-launched payment solution.

Finance Magnates recently reported that PayPal participated in the latest $300 million Fund V by Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Capital.