Wednesday, PayPal debuted their first iPad app, a point-of-sale application targeted to help small business process transactions. The application can accept PayPal, credit card and cash transactions, and is intended for businesses that want more than an iPhones to accept cards – and don’t already have a designated POS system.
This version of the application is already available for iPhone and Android, but the new iPad app has more screen space to provide additional options not available on the smartphone apps. It can connect wirelessly to a cash register and scan items by their barcode. In addition, the application has the capability to support multiple users on one device.
This new venture by PayPal will be competing with other mobile payment systems – such as Square and PayAnywhere. The app is entering a crowded space, with everyone from credit card companies, software makers and daily deal companies trying to get in on the mobile payment action.
PayPal’s new app also utilizes and displays some of PayPal’s recent acquisitions. RedLaser, which has bar code scanning technology, and Card.io, which can acquire credit card information via photos are just a few applications that will contribute to PayPal’s new app.
Source: All Things D