Many individuals think of PayPal as a helpful credit card processing tool that can be used to make purchases on the internet. Though it was once primarily central to eBay, numerous internet gateways now accept a PayPal account as a form of payment, and some retailers are now allowing these sorts of transactions at their brick-and-mortar locations.
According to Fox Business, PayPal executives think that the technology will be available in millions of storefronts in the near future because of a recent joint expansion venture with NCR Corporation. The service, which ties credit card, debit and bank accounts to a username and password, may simply be just another electronic payments option at the register soon.
The news source explained that inside stores, this will work by either swiping a PayPal plastic card or supplying the merchant with the cell phone number linked to the account, as well as a personal identification ?number.
So far, Fox Business said that PayPal has already made agreements with Barnes & Noble, Home Depot and 21 other major retailers, many of which already offer this as a payment option.
Forbes reported the latest company to seal a deal with PayPal is Jamba Juice, after information emerged that mobile payments is set to grow by approximately 275 percent in 2013, according to a Packaged Facts report.Back To Blog