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Paypal launches New Device


For the Ease of people Paypal has launched a chip-and-pin machine designed to offer new sales methods.

UK small businesses will be the first to try it and replace cash or cheques.

Further more it means market traders, taxis and shops will be able to accept credit and debit cards as well as Paypal payments.

The initial cost is “under £100″ for the Paypal device.

facing  competition from other similar devices, said it will take a transaction fee of less than 3%.

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