In addition to partnering with large retailers, it
looks like PayPal is going to be launching a set
of payments offerings for small businesses as
well. We just received an invitation for an
event PayPal is hosting next week, which will
unveil what the payments company has in store
for a solution for small businesses.
We've heard that similar to PayPal's
recently introduced in-store payments
technology for big box retailers, the company is
going to be launching an in-store payments
system focused on smaller merchants. It's
unclear what this technology will look like, but
we'll find out more next Thursday.
It's not surprising that PayPal is going after
small businesses with an in-store solution.
There's a huge market in providing a
payments platform for merchants, as evidenced
by the growth and success of Square.
It should be interesting to see how similar
PayPal's small business solution is to its in-
store platform.
SOURCE: www.techcrunch.com
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