PayPay this week released its new EMV-compatible PayPal Here mobile point-of-sale device. The reader also accepts contactless payments from mobile wallets such as Apple Pay, Android Pay, and Samsung Pay, as well as magnetic stripe cards.

The device costs $49 through the PayPal Here rebate offer, which offers a $100 credit to PayPal Here customers in the U.S., provided that they process at least  $3,000 within three months of activating the chip card reader.

PayPal first introduced this particular device in Australia and the U.K.

"It is important that merchants understand the consequences of the EMV liability shift of fraud losses," Brad Brodigan, PayPal vice president and general manager for retail, wrote in a company blog. "To help our small business customers prepare, we have been providing updates on the process since earlier this year, and educating businesses on what the liability shift means for them."