PayPal reportedly discontinues its Here POS service. And in order for users of PayPal Here to continue receiving payments, they will have to upgrade now.
PayPal Here POS Service
Payments and financial service company PayPal has just announced the end of the line for its Here POS services and in the process urging users to migrate to its Zettle range of products that were announced in the previous year.
The reported change went hot on April 3, when both the Here card reader devices as well as the company’s PayPal Here app lost support for accepting payments thus marking the end of its 11 years sale.
Users Are Advised To Acquire New Zettle-Branded Hardware
Users at the moment are being told to acquire new Zettle-branded hardware following the acquisition of Zettle which was previously known as iZettle by PayPal back in 2018. And anyone who acquired a PayPal Here device starting from February 1 has gotten a full refund in a bid to invest in a new machine and device.
The news may come as quite a shock and blow to businesses that have just recently purchased a PayPal Here device, but however, missed out on the February deadline to receive a refund. In a move that enforces a full hardware upgrade practically, the company states:
“After April 3, 2023, all elements of the PayPal Here product including devices, the app, and SDK will no longer be supported in the US and will stop working.”
How a Card Reader Works
A card reader as you should know will set users back $29 for the first device and thereafter $79, while a full terminal on the other hand will cost $199 with a $40 supplement for the barcode scanner.
You should however know that card-present and QR code transactions call for a 9-cent charge plus an additional 2.29%, while invoices and manual entries on the other hand raise that percentage to 3.49%. And in some circumstances, this can work out to be pricier for small businesses making it a great opportunity to continue other POS services such as Square, thus spelling out a potential disaster for PayPal.
What to Do With the Out-of-Use Hardware
PayPal advises users that the now deprecated devices should be disposed of as per local e-waste regulations, however, they can be sent to the company’s address for disposal as well.
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