PayPal and Verifone Introduce New Payment Options
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PayPal Holdings Inc. and Verifone announced a new plan to help businesses accept payments in more ways. This plan will integrate Verifone’s in-store payment tools into PayPal’s online payment system, Braintree.
The goal is to give businesses a smooth and easy way to take payments everywhere. Both companies want to help shops and other sellers work better and reach more customers.
Alex Chriss, PayPal’s leader, said this plan is a huge change for the company. He shared that working with Verifone will help PayPal grow its in-person payment services. He added that the company wants to reach more businesses around the world and give them better ways to accept payments.
Paypal And Verifone Aims To Offer Better Services With Combined Efforts
Verifone’s leader, Himanshu Patel, explained that this plan will bring the best of both companies together. He said Verifone’s in-store payment tools will work with PayPal’s online system. This will give businesses a simple way to accept payments everywhere, whether online or in stores.
The two companies want to help many businesses, such as clothing stores, restaurants, grocery shops, and entertainment venues. PayPal and Verifone believe this plan will support businesses in different areas. They want to help sellers and buyers by offering a simple and safe way to pay.
As part of the new plan, businesses will get new tools to accept payments more easily. PayPal said it will provide online payment services to help businesses receive payment fast and also stay away from fraud. Verifone plans to offer strong in-store payment systems that work with many cash registers and machines.
Paypal And Verifone Aims To Offer Global Support To Businesses
Verifone and Paypal plan to offer global support, meaning businesses can get help based on local needs. They want to create custom payment experiences for different countries and industries. This will help businesses accept payments in ways that work best for them and their customers.
This new payment plan will also be part of PayPal’s latest merchant platform, called PayPal Open. PayPal Open helps businesses of all sizes connect to PayPal’s payment services easily. It allows sellers to add different tools to their payment systems and reach more buyers worldwide.
PayPal Open will first be available in the United States, with plans to expand to the United Kingdom and Germany later this year. More countries will be added next year. Businesses interested in learning more about this service can visit Verifone’s website for details.
PayPal has been helping users and businesses pay and sell online for more than 25 years. The company works in around 200 countries, giving customers easy and secure ways to shop and transfer money. Verifone has also been a leader in payments for many years, providing tools for businesses in over 165 countries.
