PayPal, Square want retailers to ditch their cash registers

PayPal, Square want retailers to ditch their cash registers

16 MAY 2013

PayPal and Square are separately trying to persuade retailers to trade in their old-fashioned cash registers for the companies’ competing point-of-sale products.

If US retailers adopt the PayPal Here card reader and “stop using a dusty old cash register” to accept credit and debit cards, then the company is waiving transaction fees until the end of the year.

The company is also making the same offer available for solutions pre-integrated with PayPal from its point-of-sale partners including Erply, Leaf, Leapset, NCR Silver, Shopkeep and Vend.

Meanwhile Square has launched a stand for the iPad which is also designed to encourage a switch from the traditional cash register. Retailers already use the iPad to process payments with Square’s card reader but the new stand is designed to encourage them to completely do away with a register.

According to Techcrunch, 13 merchants at 50 locations are using the stand. The take-up includes coffee shops in San Francisco and New York.

Author

Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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