QR code functionality is now available in the PayPal app for customers to buy or sell goods in-person safely and securely, and contact-free.
For a limited time, PayPal is waiving standard seller transaction fees incurred on sales conducted using a QR code.
For those selling items in person, they can print a QR code and have their customers simply scan, enter the amount they are paying and send money immediately. There is no other technology to touch or purchase, just use a smartphone camera to capture the QR code.
For those purchasing items, they should go to the PayPal app, click ‘Send’ and tap the QR code symbol in the top right corner. The camera will open for them to scan the seller’s QR code and follow the prompts to complete the transaction. Sellers can create a PayPal-generated QR code.
PayPal senior vice president of branded experiences, John Kunze said, “We know that in the current environment, buying and selling goods in a health-conscious, safe and secure way is front of mind for many people around the world. As the coronavirus pandemic has evolved, we have seen a surge in demand for digital payments to transition to include new and safe solutions for in-person environments and situations.
“Our rollout of QR codes for buyers and sellers incorporates the safety, security and convenience of using PayPal in person and enables ongoing social distancing requirements and safety preferences for in-person commerce.”