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PayPal Offers Stores a Trade-In Deal for Their Old Cash Registers

John Murrell in Commerce on May 14 at 9:44 am PT

Aiming to increase its presence at retail checkouts, PayPal today announced a Cash for Registers offer. Beginning next month, the company will provide free credit, debit card, check, and, of course, PayPal processing for the remainder of the year to any qualifying business that chucks its old cash register for a PayPal Here system, comprising an iPad, card reader, iPad stand, cash drawer and printer. Partners including ShopKeep, Vend, Erply and NCR Silver will offer various solutions tailored for different markets. Registration is now open.

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Square Snags PayPal Exec for VP of Partnerships Position

Mike Isaac in Commerce on May 1 at 10:03 am PT

Square announced Wednesdaythat it has hired Alex Petrov for its new vice president of partnerships position, where he’ll focus on business development and customer acquisition for the commerce startup. Before his new gig, Petrov was the VP of retail marketing at PayPal, where he was responsible for launching PayPal in offline environments (a pretty appropriate skill set for Square).

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Payments Startup Balanced Raises $2 Million

Mike Isaac in Commerce on April 2 at 5:00 am PT

Balanced, a startup that focuses on bringing payments systems to network-based companies like Airbnb and Kickstarter, announced Tuesday that it raised $2 million in venture capital. Andreessen Horowitz participated in the round, along with CollabFund and a number of current and former Facebook employees. The ten-person startup had already raised $1.4 million in funds from Ashton Kutcher, Airbnb CEO Brian Chesky and Reddit CEO Yishan Wong, among others.