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PayPal Launches App for Small Businesses

PayPal Vice President of Global Merchant Product and Technology Arnold Goldberg published a post on the PayPal blog on Tuesday describing the company’s new mobile app for small businesses:

Millions of businesses and entrepreneurs are gearing up for one of their most important periods of the year – the holiday season. In fact, on Cyber Monday, PayPal saw more than 50% year-over-year growth in global mobile payment volume. For many small businesses, the ability to keep track of their operations – invoices, payments, refunds, withdrawals, customer lists, balances – amidst a large spike in activity, is critical and increasingly mobile.

To extend PayPal’s merchant services to millions of small businesses who need easy access to their account on the go, today we’re announcing availability of the new PayPal Business app, offering businesses an easy way to manage their PayPal account activity wherever business takes them.

The new PayPal Business app enables businesses to:

  • Get paid easily by creating and sending customized invoices
  • Manage account activity while on the go
  • View all your customer information in one place

The app is available now in the U.S. on iOS and Android and will be available in other regions in 2017.

We’re excited to launch this version focusing on the above features and we’ll continue to add new functionality giving merchants greater flexibility and control to manage their business in an increasingly mobile world. This app serves as an example of how PayPal is continuing to help all businesses grow and thrive – especially during peak shopping seasons.

Last year, we processed 4.9 billion transactions, and we currently have 192 million active customer accounts on our platform. We partner with businesses across the globe in aiding everything from payments processing to inventory services to providing credit for both businesses and consumers making transactions.

Now PayPal is helping to streamline the key processes needed to run a business successfully by adding the PayPal Business app to its portfolio of mobile app offerings. PayPal’s three apps – PayPal consumer app, PayPal Business and PayPal Here™ app – represent how we’re extending our capabilities to meet specific customer needs. Below are more details on the apps:

PayPal Business app helps small businesses and sole proprietors manage their business and send invoices on the go. Key features include:

  • Create, send and attach photos to invoices directly from their mobile phone
  • Monitor sales activity, withdraw funds, issue refunds, and send payment reminders
  • Manage customer lists, import contact, view customer history and more

The PayPal Business app is available now in the Apple Store and Google Play, and more information can be found here.

Source: PayPal Blog Post

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.