London firm collaborates with PayPal to enable SME contactless payments » SMEInsider

London firm collaborates with PayPal to enable SME contactless payments

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Bouncepad, a London-based tablet manufacturer specialising in POS technology, has teamed up with PayPal, joining their payment products together to create an efficient contactless solution for SMEs and consumers.

The partnership agreement enables Bouncepad’s PayPal tablet enclosure and custom card reader cradle to be purchased alongside the new PayPal Here card reader.

Once small business owners have registered with PayPal Here, they can use the products to start accepting contactless payments from their customers.

Based in London, the tablet firm has shipped its products to more than 45 countries worldwide, working on major deployments for brands including Adidas, McDonald’s, Ralph Lauren, Tommy Hilfiger, Virgin and Visa.

Currently the contactless payment limit in the UK is set at £20, but plans are in place to raise the limit to £30, helping SMEs increase their profits while making it easier for customers to pay for goods.

Small business owners have already started using POS products, but many products are accompanied by the hassle of expensive costs, software licenses, long-term contracts and card payment processing fees. The Bouncepad solution claims to be cheaper and more accessible for small businesses in the UK.

‘‘We’re excited to extend our long-standing relationship with PayPal to continue helping small businesses innovate their POS systems,” said Tobi Schneidler, CEO of Bouncepad.

‘‘Working together, we’re able to offer a sophisticated tablet POS solution that helps small business owners across industries like hospitality and retail make it simple and affordable to join the contactless payment revolution.’’