PayPal announced the addition of seven new national retailers who accept in-store PayPal payment, expanding their reach to 18,000 brick-and-mortar stores throughout the United States.
The in-store payment technology allows customers to choose between entering a pin code or swiping a PayPal credit card to deduct funds from their PayPal accounts. TechCrunch reports that accepting PayPal payment in-store is attractive to businesses because there are no large investment costs associated with the service, such as replacing existing point-of-sale (POS) systems.
The announcement brings the total number of major retailers using the service to 23, making good on a commitment PayPal made to add 20 national retailers to the in-store program by the end of 2012. Don Kingsborough, Vice President of Retail Services at PayPal, said in a statement that new retailers accepting PayPal payment focus on everyday consumer needs, and include grocery stores and gas stations.
“Delivering valuable digital and mobile payments is alive and thriving, and consumers all over the U.S. will now start seeing PayPal more where they shop every day, including the grocery store and at the gas pump,” said Kingsborough. “We believe that by bringing value to the checkout experience ‘every day’ with proven technology that is simple, fast, and secure and offering true benefits such as coupons, rewards and loyalty, we’ve uncovered a winning solution when people pay. No bells, whistles or buzzes – just technology that works and gets the most from your money.”
Dollar General, Famous Footwear, Mapco Express, RadioShack, Spartan Stores and two other companies that will be publicly announced later are the newest retailers that accept PayPal in-store. They join 16 previously-announced companies: Abercrombie & Fitch, Advanced Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Home Depot, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys “R” Us.
PayPal first began accepting payments in-store at 51 Home Depot stores in the San Francisco Bay area in January 2012, and expanded the program throughout last year. Kingsborough said more retailers are expected to sign up throughout 2013.
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