PayPal is debuting a new all-in-one point-of-sale (POS) solution Zettle Terminal, which offers better in-store mobility for small- to medium-sized businesses (SMBs), according to a press release.
Zettle Terminal, which is now available in the U.K. and will launch in other markets throughout the rest of the year and into next year, is a stand-alone device without the need for any other pairings, the release stated.
The Zettle Terminal has a pre-loaded SIM card and uses a combination of WiFi and mobile connectivity to give SMBs more freedom and less reliance on fixed checkout points, according to the release.
Checkout is “completely mobile” and lets sellers complete the whole process where the customer is, at whatever point in a store, the release stated. The the Zettle Terminal will also have an integrated barcode scanner added at some point in 2022.
PayPal Senior Vice President of Payments and SMB Solutions Jim Magats said in the release that the idea is to put “an entire store kit in the palm of small business owners’ hands.”
“Our work to help small businesses compete and grow has never been more important,” he said in the release. “With the Zettle Terminal, we will help small businesses sell seamlessly across in-person and online channels and offer them flexibility throughout the checkout process so they can meet their customers wherever they are. The Zettle Terminal is a complete, mobile in-store solution that will take in-person commerce to the next level.”
This week, PayPal abandoned the idea of an acquisition of Pinterest, which could have been a good way to turn a global consumer ad platform into a connected commerce platform and vice versa.
Read more: Why PayPal Buying Pinterest Wasn’t Such a Bad Idea
Bringing Pinterest’s 400 million global users into the vast PayPal network could have helped PayPal’s super app ecosystem that it has expressed interest in.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More