PayPal And MasterCard Come Together For Store Payments
PayPal has announced a new partnership with MasterCard today which is going to increase the payment service’s presence at point-of-sale in retail stores. The company signed a similar deal with Visa earlier this year and with this latest partnership it now has the same agreement with two of the most widely used card networks.
PayPal is best known for processing online payments. You can use this service to send money to friends and family as well as pay for online purchases. Merchants can use PayPal to accept online payments from their customers.
It hasn’t been a popular payment method for retail customers because PayPal started out as an online payments processor. These deals with Visa and MasterCard are going to expand the company’s presence in retail and enable people to select PayPal as a payment option when they check out at a physical store.
Those who have a MasterCard will now be able to use a tokenized version of the card in PayPal Wallet to pay for purchases at more than five million supported merchants across the globe where contractless payments are accepted. This partnership will also enable users and small businesses to instantly withdraw funds from their PayPal account to a MasterCard account.
PayPal and MasterCard have also extended their previous partnership which covers the PayPal Extras MasterCard co-branded credit card program, the program has now been provided a multi-year extension.
You May Also Like
Popular Right Now
- First Shutdown of Niagara Falls in 12,000 Years: A Rare Sight to Behold
- Former Google Engineer claims that humans will achieve immortality soon
- Romotow: The Foldable Camping Trailer Inspired By A USB Flash Drive
- LYRA: Swiss Startup Unveils AR Smart Glasses for Office Work, City Life, And Traveling
- Man Caught in China Smuggling $46K Worth of Intel CPUs Wrapped Around His Waist
- iPhone 15 Pro Max may bring thinner bezels than Xiaomi and Samsung’s latest flagships
- OpenAI's new GPT-4 with a "human-level performance" scored up to 93% on SAT exams
- iPhone SE 4 could be Apple's secret weapon to 'steal' budget customers from Samsung
- Lenovo Launches New Workstations, With Aston Martin DNA
- Ubergizmo’s Best of Mobile World Congress 2023
- TCL NXTPAPER 11 Tablet With Paper-like Screen Experience
- Nothing Phone 2 Coming To The U.S. In Late 2023
- Ubergizmo’s Best Of K-Startup @ CES
- Intel Core i9-13900T Shows Extraordinary Efficiency In Early Benchmarks
- Ubergizmo’s Top 3 MIK Products @ CES 2023
- Three LG gram Laptops For 2023. The Lightest Got Even Lighter