We here in the States aren't always quick to adopt new technology (or in this case, new-ish). Take those little security chips embedded in credit cards. Yeah, we're only just now getting around to using those. Banks are starting to send them out, and retailers are having to update their machines.

So PayPal is now bringing its Here Chip Card Reader to the US. This updated unit accepts chip card transactions in addition to magnetic stripes. Starting next month, merchants who do not accept chip cards will be liable for point of sale fraud unless they update to an EMV terminal. This PayPal Here EMV reader has been available in Australia and the UK for nearly two years.

EMV

NFC payments haven't taken off just yet, but this new reader can handle them as well. This includes Android Pay, Samsung Pay, and Apple Pay.

Unlike the older model that plugged into a phone or tablet's headphone jack, this unit connects wirelessly over Bluetooth. Owners can then use the product to accept payments on their mobile device.

The new PayPal Here unit will be available starting September 30th for $150 ($50 with rebate if your account processes $3,000 in three months).