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PayPal coming to a store near you?

January 16, 2013

Many individuals think of PayPal as the helpful credit card processing tool that they can use to make purchases on the internet.

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.

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