PayPal launches all-in-one Terminal POS
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After acquiring now Zettle in 2018, PayPal has announced a brand new POS device designed to meet the needs of small and medium businesses.
The recently launched Zettle Terminal connects to the internet via Wi-Fi or a free preloaded SIM card on the 3G and 4G networks, allowing business owners to work on the go. This “fully mobile” approach should appeal to multi-location vendors, as no additional configuration or manual connection is required at each new location.
In addition to the usual card support – such as Visa and MasterCard – the Zettle Terminal supports American Express payments, contactless payments including digital wallets, PayPal and Venmo QR codes.
PayPal Zettle Terminal POS
The company is keen to draw attention to a new feature that is rolling out that will allow merchants to access funds from completed sales in their PayPal accounts in minutes.
Until now, sellers had to wait about a day for the funds to be released. TechRadar Pro has contacted PayPal for more information on this, including availability.
The PayPal Zettle Terminal can be purchased today for $199, or with an optional barcode reader for an additional $40. The standard Zettle card reader remains on sale for $79 (or $29 for first-time purchases by new businesses).
An additional charging dock doubles as an on-the-spot receipt printer, available for an additional $70 at the time of purchase (or $99 as a standalone purchase).
Card payments on both devices are charged at a flat rate of $0.09 per transaction plus a 2.29% transaction fee. Details on all fees, including manual card entry and QR code payments, can be found on the PayPal website (opens in new tab)where the device and its accessories can also be purchased.
At launch, the new device will only be available in the US, but it looks like it will reach other territories in the near future.