Is PayPal Here the death knell for Square?
PayPal has taken a page from the Square playbook with today’s launch of PayPal Here. This global solution allows small business owners to accept payments via credit card with a PayPal branded triangle shaped reader.
This solution is a long time coming. Square was first launched at LeWeb at the end of 2009 while PayPal were pushing their unsuccessful “bump” product. With more than ten years in the online payments space, PayPal will easily make up for lost time even though Square have had a two year head start on working with merchants in this space (and has recently been backed by Obama).
Fashion designer Karl Lagerfeld opened the LeWeb conference in Paris this morning by confirming the details of his exclusive range with Net-A-Porter.