PayPal, the online payments platform, has purchased, the company that offers a smartphone camera-based mobile application that scans a bank card and pulls the information on the card.

The staff will become employees of PayPal, and the software will “remain available to developers for use in their own applications.,” according to a post on the PayPal blog, by VP of Global Product, Hill Ferguson. He goes on: “The employees at will be joining the PayPal global product team in San Jose to help us create new experiences to make it even easier for consumers and merchants to use the PayPal digital wallet.”

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Get Started is a mobile POS company, which instead of using swipe dongles, enables merchants to snap a picture of a credit or debit card and debit the account this way. It requires no hardware, other than a camera, and costs just 15 cents per scan. We spoke with them about the business last year.

PayPal already has a mobile POS dongle of its own, launched this year, called PayPal Here, which is very similar to Square, but charges a marginally lower interchange fee to merchants.

Terms of the purchase were not released. And details are thin, but it would appear that PayPal is attempting to bolster its mobile capabilities, if we had to venture a guess.

Willy Staley

Willy Staley is a staff writer and columnist for His columns focus on banking, monetary policy and culture.
  • alternabanker

    boy, oh boy do i not understand this one. would give me a heart attack if i were a risk manager!!!