The president of PayPal, David Marcus, has announced that the corporate could be offering free credit, debit, cheque and PayPal transactions to companies within the US that use its Here solution. 

Its Cash for Registers initiative waives the processing fees for the year – of between 1.4 per cent and three.4 per cent at the total sale amount plus a 20p per transaction – to be able to get more merchants using mobile payments. There is a one-off fee to purchase the Here dongle, which connects wirelessly to a cash drawer and printer via an app.  

He said: “At PayPal we’re committed to that vision of the way forward for shopping, and Cash for Registers is driving that transformation.” Companies that get on board may also be promoted among PayPal’s 55m customer base within the US, the president explained. Home Depot and Abercrombie & Fitch are already using the system in stores. 

We have reached out to PayPal to peer in the event that they may be launching an analogous drive inside the UK.