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PayPal Offering Point of Sales Payment System

PayPal a leading online payment processor try to expand their services into Store. In an interview with the Wall Street Journal, PayPal president Scott Thompson called the initiative a “top priority”.

“The tide is coming in and we will take advantage of that”

PayPal Bus
PayPal Bus

PayPal try to to the business world of Point-Of-Sales payment system, it’s because of cause a few problems for the big credit card companies. More details about this project will be available in annual conference in October 2010.

With annual revenues of around $3 billion 220 million active users, PayPal is trying to remove cards and create a payment gateway that powers the point-of-sale itself.

Photos by Richard Masoner