Howdy.... In Canada, the banks lease out these little pos terminals for using credit cards, debit cards. Only big companies like gas stations can integrate swiping a credit card, debit card within their proprietary systems.
poor little mom and pop shops have to lease card swipe machines and get burned 5% and probably a .25 cent charge / transaction. Deal is that in Canada it's illegal to swipe a card more than once. PayPal charges as little as 2.2% so if you had a pc hooked up to the net... one could offer customers to pay via paypal and pass savings on to their customers. Just my .02
Credit Card machines.
Re: Credit Card machines.
PayPal is all well and good for credit cards but in Canada retailers need access to Interac, the national debit card system supported by all major financial institutions.
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