PayPal and Bouncepad help small businesses join contactless payment revolution

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New sleek POS solution

New sleek POS solution

PayPal and Bouncepad claim they are making it easier and more affordable for small businesses to start accepting contactless payments, and boost convenience for customers in-store. Bundling the new PayPal Here card reader with Bouncepad’s PayPal tablet enclosure and custom card reader cradle gives businesses a POS solution at a lower price point that’s user-friendly. Once a business is registered with PayPal they can be up and running right away with their POS solution.

“We’re excited to extend our long-standing relationship with PayPal to continue helping small businesses innovate their POS systems,” said Tobi Schneidler, CEO of Bouncepad. “Working together, we’re able to offer a sophisticated tablet POS solution that helps small business owners across industries like hospitality and retail make it simple and affordable to join the contactless payment revolution.”

Cameron McLean, managing director, PayPal UK, said: “Contactless payments are taking off in Britain, with over 58 million contactless cards in use and spending on them trebling in 2014. The new PayPal Here card reader is a game changer for businesses wanting to respond to customer demand for ‘tap and go’ payments. It also accepts Apple Pay transactions, so the smallest of businesses can now offer the latest way to pay wherever they trade. It’s the latest example of how PayPal’s innovations in mobile payments are helping British businesses to succeed.”

Businesses have been at a disadvantage as the costs of traditional POS hardware, software licenses, long-term contracts and card payment processing fees make it difficult to adopt contactless payment solutions.

Paired with Bouncepad’s enclosure and custom card reader cradle, the PayPal Here app and card reader gives businesses a simple and affordable option that blends into any service environment.

Accepting contactless payments makes it more convenient for customers to make purchases and enables frontline employees to provide more personal, face-to-face service where they are in-store.