And raises $2 million in capital.
Online PoS supplier Vend has signed up as a global PoS partner with online payments company PayPal. As part of the deal Vend had begun a beta program where consumers could check into a shop and pay for items at checkout using a PayPal iPhone application. The PayPal application sent the details of checked-in customers, including their name and photo, to the shop’s Vend customer database.
“Customers can announce that they are in the store just by checking in on their phone,” said Phurba Gyalzen of Rare Device, a San Franciscan gift shop participating in the trial, in a video case study on YouTube.
Regular customers were checked in automatically without needing to sign in with their phones.
The retailer could pull up the consumer’s profile and see their balance, number of sales, sales to date, year to date, total spent, recent purchases and sales history.
When a retailer scanned in an item for purchase, PayPal was included in the list of payment options alongside cash, credit card, store credit and gift certificate. The retailer confirmed the customer by name and their photo to make an instant payment between PayPal accounts.
Customers then received a receipt by email.
PayPal approved Vend businesses could display a flag on their counters which said, “Welcome. We now accept PayPal.”
Vend was taking expressions of interest from current and new Vend customers in some countries to join the limited PayPal payments trial (registration here).
Vend was also in talks with Square, a mobile credit card reader for iPhones and iPads, reported ComputerWorld New Zealand. “Our goal is to make Vend ubiquitous with retailers. We want this thing in every store, everywhere. To do that we need to connect with other fantastic services out there, like Square, so yes we are looking into that,” Vend CEO Vaughan Rowsell told ComputerWorld.
Vend already integrated with several applications including cloud accounting software Xero and e-commerce programs such as Magento and Shopify.
In other news, Berlin-based venture capital firm Point Nine led another capital raising in Auckland startup Vend. The $2 million round would fund staff hires, more features and global partnerships such as the PayPal deal, Rowsell said in a press release.
Vend launched less than two years ago and has signed over 11,000 retailers in 80 countries which process more than 1 million transactions a month through the platform. Vend billed itself as the world’s first HTML5 retail PoS. It processed sales, tracked inventory and worked on mobile devices such as iPads and existing PoS hardware.