PayPal on Tuesday announced Payment Code, a new tool that allows customers to pay for in-store purchases by simply presenting a QR code or four-digit number at the cash register. Similar in some ways to PayPal Beacon, which the company rolled out last month, Payment Code is intended both to simplify payment and to add a new layer of protection for consumers. When a consumer reaches the cash register, he can pull up the PayPal app, or a specific merchant’s app if it’s connected to PayPal, and check in.
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PayPal Digs Deeper Into the Bricks-and-Mortar World
Posted by: Enid Burns October 9, 2013 09:40 AMPayPal on Tuesday announced Payment Code, a new tool that allows customers to pay for in-store purchases by simply presenting a QR code or four-digit number at the cash register. Similar in some ways to PayPal Beacon, which the company rolled out last month, Payment Code is intended both to simplify payment and to add a new layer of protection for consumers. When a consumer reaches the cash register, he can pull up the PayPal app, or a specific merchant’s app if it’s connected to PayPal, and check in.