Although hardly a new concept, PayPal intends to rock the boat with a lower transaction fee than its competition. The company is keeping things simple with no monthly fees and a universal 2.7% transaction fee. This means no matter what card you swipe -- even American Express -- you'll be charged exactly 2.7% of the total.
Currently, mobile card processing pioneer Square, charges a universal 2.75% transaction fee. Another major player, Intuit's GoPayment, charges 2.7% per transaction but has higher fees for American Express.
PayPal Here will be available in the U.S., Canada, Australia and Hong Kong. It still hasn't launched yet, but a handful of companies are said to be testing it.
Source: TechSpot