Paypal just announced it is competing directly w/ the squareup.com and the others. Go to google w/ search terms as "paypal here" and read all about it. Somebody please put a link in here..Cant figure out how to do it. As a customer of squareup.com...I absolutely love the mobile processing systems w/ no montly fixed fees..and the abilty to use our cell phones. No way in "hxxl I would ever go back to the way " Availale on iphone now..and very shortly android Basics advantages (if I am correct)...they tout are: 1.very small price advantage....2.7 vs 2.75 on square...swiped..(almost neglible) 2.swiped credit card transcations immediaetly into you paypal acct..no waiting 1-3 day etc. 3. if you use their paypal Debit card your get 1% back...neting your swiped costs down to 1.7 %...( I would argue this pont) 4. Free check scanning....which I see as a "HUGE" advantage...depending on how long they hold those funds and how well it integrates w/ my finacial software (quickbooks in my case) 5. Its encrypted which means safer right?... They say squareup.com is not encrypted. Questions I have are : 1 How much is the non swiped rate/ and how long till it deposits into our payapal acct? 2.How long are the check scanning deposits are deposited into our payapl account 3.If we are not keen on the idea of keeping all out funds in paypal...cna we set it up so that paypal automaticly credits the funds to our "real" bank acct? 4.I dont consider paypal a real bank FDIC insurance etc and some bad history about how the freeze your account instantly if any disputes What do you guys think... Anybody elses thinking of changing?