PayPal Here Trumps Square's Tech By Taking Paper Checks

PayPal Here is new app and mobile credit card reader for smartphones from the makers of PayPal, the online payment system. Square just got some pretty stiff competition.

Like Square, the PayPal Here is a mobile transaction system allows just about anyone with a smartphone to accept credit card payments. But PayPal Here has a lot of features that give Square a run for its money.

Besides the card reader, vendors will be able to accept payments by using their phone's camera to scan cards or checks. PayPal will also allow you to pay for purchases even if you don't have a card or a check on you. If you've got a PayPal account, and the PayPal app on your phone, you can pay anyone with a PayPal Here account using your phone—given the huge number of people with PayPal accounts, this last feature might be the most useful of all.

PayPal Here is available today for the iPhone and an Android version of the app will be available soon. [PayPal via Mashable]