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.
"Being aware of the current situation, it is a fact that the purchase and sale of goods with specific hygiene specifications, for maximum safety protection, is of particular concern to a large portion of the world at an international level. Amidst the development of the coronavirus pandemic, we are seeing an increase in demand for digital payments and the corresponding transition in order to incorporate new facts and new terms or conditions in the transactions carried out in person", said John Kunze, Senior Vice President of Branded Experiences at 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. "
In addition, as part of PayPal's ongoing efforts to assist its customers during this difficult and demanding period, the usual existing transaction fees for any sales made using a QR code are temporarily waived for a certain period of time.
Buying and selling safely and without any contact - from the public market to the sale of used goods
Using the built-in QR code feature in the PayPal app is a quick and secure way to complete a transaction in person, leveraging your PayPal digital wallet while eliminating the need to dispose of and use cash. For example, users who sell items in person at a public market are now able to print a QR code, place it on their counter, and simply ask consumers to scan the code, enter their market value, and send that amount immediately.
This process allows the retailer to minimize physical interaction with the customer, while also limiting the customer's interaction with the checkout process. There's no tech involved that requires contact to buy – just point and focus its camera smartphone to the QR code found in print or 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 instructions commands in order to complete the transaction. Merchants have the ability to create a PayPal-generated QR code by following the steps outlined here.
PayPal launches in 28 markets worldwide in Australia, Austria, Belgium, France, Germany, Denmark, Switzerland, Greece, Estonia, United Kingdom, Japan, Ireland, Spain, Italy, Canada, Cyprus , Latvia, Luxembourg, Malta, Netherlands, Hungary, Portugal, Slovakia, Slovenia, Sweden, Czech Republic, Finland and Hong Kong.
