Carolyn Groobey, Vice President, Global Products, PayPal

 


 

20130709_c4r_post.jpgNext Monday marks the beginning of the U.S Small Business Administration's National Small Business Week, and it's also the 50th anniversary of this weeklong celebration of the American entrepreneurial spirit and the small business owners that make up the backbone of our economy.  Today, we're proud to honor small business owners everywhere by sharing the details of our recently announced Cash for Registers program.

 

The program is designed to help small businesses modernize their cash registers and get their hands on the same powerful selling tools that big businesses use every day.  Starting on July 10th, 2013, PayPal is waiving transaction fees for up to $20,000 worth of transactions each month through January 31st, 2014 for a qualified small business owner who upgrades to a modern point-of-sale system by choosing either PayPal Here™ or one of our pre-integrated partners: ShopKeep POS or Vend. Merchants who want to participate need to apply for PayPal Here, be approved and then submit proof of purchase of a minimum of $450 in eligible hardware. Once their submission is approved, the offer will apply to swiped credit card, debit card and PayPal payments processed by PayPal through PayPal Here, ShopKeep POS or Vend.

 

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To be eligible, small business owners just need to apply for PayPal Here, and upon approval submit proof of purchase of hardware to modernize their register at www.cashforregisters.com before September 30th, 2013. We encourage you to move fast, as we're only accepting the first 10,000 qualified merchants!

 

There are two easy ways for small business owners to start using PayPal in their shops depending on their business needs:

  • For a simple point-of-sale payment solution that can replace their old cash register, they can just download PayPal Here for iPad®, set up the hardware with their iPad and they're ready to start taking payments easily.
  • If their business needs more advanced functionality with accounting, inventory management and CRM solutions, they can select a point-of-sale solution from one of our partners, ShopKeep POS or Vend, then link their PayPal account and set up the hardware recommended by our partners.

Moving forward, we plan to extend this program to include more partners, including acquirers and POS vendors, to make this new initiative mutually beneficial to everyone we work with in providing these valuable services to small businesses. 

 

PayPal helped pioneer online shopping nearly 15 years ago when we created a simple and secure way for small businesses to get up and running and manage their financial transactions, and we've continued over the years to help businesses of all sizes by evolving with their changing needs. This program is the latest example of PayPal's commitment to small business and our mission to empower business owners with simple, secure and powerful technology products that get the job done and help them sell more. Moving forward, we plan to extend this program through our other partners, including acquirers and POS vendors, to provide these valuable services to even more small business owners throughout the U.S.

 

I hope next week, and every week, you will join me in making sure to shop at your local small businesses and take a moment to reflect on all they do to fuel economic growth in this country. For more information please go to www.cashforregisters.com.

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