The new card reader will cost users $29 for the first device and $79 for subsequent devices, while a full terminal with a barcode scanner will cost $199 plus a $40 supplement. Users will be charged 9 cents plus 2.29% for card-present and QR code transactions. However, invoices and manual entries will increase that percentage to 3.49%, potentially making it more expensive for small businesses. This could spell disaster for PayPal as it competes with other POS services such as Square.
