Millions of businesses and entrepreneurs are gearing up for one of their most important periods of the year – the holiday season.
In fact in the third quarter, PayPal saw approximately a third of all total payment volume on mobile. For many small businesses, the ability to keep track of their operations - invoices, payments, refunds, withdrawals, customer lists, balances - amidst a large spike in activity, is critical and increasingly mobile.
To extend PayPal’s merchant services to millions of small businesses who need easy access to their account on the go, today we’re announcing availability of the new PayPal Business app, offering businesses an easy way to manage their PayPal account activity wherever business takes them.
The new PayPal Business app enables businesses to:
Get paid easily by creating and sending customized invoices
Manage account activity while on the go
View all your customer information in one place
The app is available now in the U.S. on iOS and Android and will be available in other regions in 2017.
We’re excited to launch this version focusing on the above features and we’ll continue to add new functionality giving merchants greater flexibility and control to manage their business in an increasingly mobile world. This app serves as an example of how PayPal is continuing to help all businesses grow and thrive - especially during peak shopping seasons.
Last year, we processed 4.9 billion transactions, and we currently have 192 million active customer accounts on our platform. We partner with businesses across the globe in aiding everything from payments processing to inventory services to providing credit for both businesses and consumers making transactions.
Now PayPal is helping to streamline the key processes needed to run a business successfully by adding the PayPal Business app to its portfolio of mobile app offerings. PayPal’s three apps - PayPal consumer app, PayPal Business and PayPal Here™ app - represent how we’re extending our capabilities to meet specific customer needs. Below are more details on the apps:
PayPal Business app
Helps small businesses and sole proprietors manage their business and send invoices on the go.
Key features include:
Create, send and attach photos to invoices directly from their mobile phone
Monitor sales activity, withdraw funds, issue refunds, and send payment reminders
Manage customer lists, import contact, view customer history and more
PayPal Consumer app
Helps consumers and casual sellers send money and manage financial relationships.
Key features include:
Makes it simpler and more personal for you to move and manage your money
Send and request money with ease
Consumer choice (Bank/Card/Preferences management)
The functionality you really want (Order ahead, Pay in-store, Loyalty cards)
PayPal Hereapp
A mobile app that allows a small business to use their PayPal business account to accept payments on the go, in-store or wherever they need to get paid by their customers.
Key features include:
A free mobile app available on devices (smartphones and tablets) running iOS and Android operating systems
The ability to accept all major credit and debit cards, send invoices and record cash and check transactions
Choice of card readers from the Mobile Card Reader for accepting magnetic stripe cards to the Chip Card Reader for enhanced fraud protection and the ability to accept more payment types from magnetic stripe cards to EMV chip cards to contactless payments like Apple Pay, Android Pay and Samsung Pay.
Clear and simple pricing - it’s only 2.7% per US card swipe, chip or contactless transaction. No long-term contracts, commitments or monthly fees.
Set up multiple users with separate password and access levels - up to 1,000 users - to allow your employees to take payments
Run custom sales reports by date, items sold, salesperson and more from the app and online
The PayPal Business app is available now in the Apple Store and Google Play, and more information can be found here.