TweakTown
Tech content trusted by users in North America and around the world
5,909 Reviews & Articles | 38,055 News Posts

PayPal adds 15 retail partners for its in-store payment system

PayPal recruits 15 more retail partners for its real world payment system.

| Business, Financial & Legal News | Posted: May 24, 2012 9:30 pm

As part of PayPal's effort to move out of the digital world into the real world, PayPal has been courting big retail stores to add the option to pay with PayPal at the point-of-sales terminals. Home Depot was the first to jump on board and has been offering the option of paying with PayPal when checking out since at least March of this year.

 

TweakTown image news/2/4/24295_1_paypal_adds_15_retail_partners_for_its_in_store_payment_system.jpg

 

PayPal wants to compete with the credit card companies along with other emerging payment systems such as Google Wallet. The announcement was made at a press event today to show the progress PayPal is making with its real world payment system. PayPal still has to convince consumers that maintaining another payment method is worth the hassle.

 

But, if PayPal makes it simple enough and available at enough locations, it is a viable alternative to credit cards and cash. It would be especially nice if someone were to forget their wallet or not have enough cash with them. Currently, users just have to type in their phone number and a pin to pay which is pretty simple. If they add in the features they are looking to, it will be quite the competitor.

 

The 15 newly added retail stores include: Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys "R" Us. This year is still experimental for PayPal, but once they roll out to enough stores, I can see this option really taking off.

NEWS SOURCE
Gigaom.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases