PayPal has provided more details of a new incentive program for its Cash for Registers program announced last month. Here are some of the details:
Starting on July 10th, 2013, PayPal is waiving transaction fees for up to $20,000 worth of transactions each month through January 31st, 2014 for a qualified small business owner who upgrades to a modern point-of-sale system by choosing either PayPal Here™ or one of our pre-integrated partners: ShopKeep POS or Vend.Looking ahead, PayPal said its planning to add more partners - both acquirers and POS vendors - to the Cash for Registers program.
Merchants who want to participate need to apply for PayPal Here, be approved and then submit proof of purchase of a minimum of $450 in eligible hardware. Once their submission is approved, the offer will apply to swiped credit card, debit card and PayPal payments processed by PayPal through PayPal Here, ShopKeep POS or Vend.