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Merchants may be using credit card terminals for PayPal payments

September 16, 2011

PayPal will reportedly roll-out a pilot at 20 merchant locations before the end of the year to test its new technology that will allow merchants to use existing credit card terminals to accept PayPal payments, The New York Times reports.

PayPal will reportedly roll-out a pilot at 20 merchant locations before the end of the year to test its new technology that will allow merchants to use existing credit card terminals to accept PayPal payments, The New York Times reports.

Ebay-owned PayPal is looking to take advantage of its payment processing technology at offline locations. The company will likely deploy multiple methods for brick-and-mortar PayPal payments, depending on the specific terminals at each designated store.

“We’re not here to force the technology on consumers or merchants,” Sam Shrauger, vice president of global product and experience for PayPal, told the news source. “We’re enabling consumes to pay in ways that are comfortable for them.”

One possibility PayPal envisions is for customers to enter their phone numbers and four-digit PINs at terminals to make payments from their accounts. The company is also contemplating the use of a swipeable PayPal card or the ability to tap a smartphone on a terminal or store kiosk.

According to the company’s blog, PayPal will unveil a majority of these new innovations to the public at the X. commerce Innovate Conference in October. Developers from PayPal and eBay will be present to discuss innovations, and products will be available for testing.
 

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