PayPal Holdings, Inc. today introduced the ability to use QR Codes to buy and sell goods in 28 markets around the world. From popular shopping to selling second-hand products - the launch of the QR code feature in the PayPal app allows users to buy and sell face to face, with complete security and protection, and without any physical contact.
"Aware of the current situation, it is a fact that the purchase and sale of goods with specific hygiene standards, for maximum protection of safety, concerns a particularly large portion of the world internationally. In the midst of the coronavirus pandemic, we are seeing an increase in the demand for digital payments and the corresponding transition to incorporate new data and new terms or conditions into in-person transactions, ”said John Kunze, Senior Vice President of Branded Experiences PayPal.
"The launch of QR codes for buyers and sellers not only embraces a sense of security and protection, along with the convenience of using PayPal in-person services, but also takes into account current and evolving social distance requirements, even and now we are beginning to see the partial lifting or gradual easing of restrictive measures in many countries around the world. "
Additionally, as part of PayPal's ongoing effort to assist its customers during duration of this difficult and demanding period, for a certain period of time the usual existing transaction fees are temporarily waived for all sales made using a QR code.
Buying and selling safely and without any contact - from the public market to the sale of used goods
Using the built-in QR code functionality in the PayPal app is a quick and secure way to complete a transaction in person, leveraging the PayPal digital wallet while eliminating the need to carry and use cash. For example, users selling items in person at a flea market are now able to print a QR code, place it on their counter, and simply ask consumers to scan the code, enter the value market them and send the said sum of money immediately.
This process allows the retailer to minimize physical interaction with the customer, while also limiting the customer's interaction with the checkout process. No contact-required tech is involved to purchase – just point and focus your smartphone camera at the QR code that's in the form of printingor on another screen.
For a buyer wishing to pay a transaction, customers can go to the PayPal app, tap 'Send' and tap the QR code reader symbol in the top right corner. The camera will open and consumers can then scan the seller's QR code and follow the prompts to complete the transaction. Merchants have the ability to create a PayPal-generated QR code by following the steps outlined here.
PayPal is launching this feature in 28 markets around the world, specifically in the following countries: Australia, Austria, Belgium, France, Γερμανία, Δανία, Ελβετία, Ελλάδα, Εσθονία, Ηνωμένο Βασίλειο, Japan, Ireland, Spain, Italy, Canada, Cyprus, Latvia, Luxembourg, Malta, Netherlands, Hungary, Portugal, Slovakia, Slovenia, Sweden, Czech Republic, Finland and Hong Kong.
