PayPal Point of Sale

What PayPal Point of Sale is

PayPal Point of Sale is a mobile checkout service for iOS and Android devices. Its POS software plan has no monthly or startup fee, although transaction fees apply when a sale is made. The plan includes payment processing, inventory and sales reporting, and a free plan is available. A separate reader is not required because Tap to Pay is supported. Customers can pay with credit cards, debit cards, gift cards, contactless cards, digital wallets, PayPal and Venmo QR codes. The service supports recurring payments and provides instant payouts. Offline payments are not available, so transactions require a connection. PayPal Point of Sale uses a freemium pricing model and focuses on mobile operation rather than requiring dedicated point-of-sale hardware. Businesses can use the same software plan for accepting payments, tracking inventory and reviewing sales reports. The combination suits organizations wanting checkout on a phone or tablet while accepting several payment methods. Costs arise through transaction fees on completed sales rather than a stated monthly or startup charge.