PayPal Inks Acceptance Deal with M-POS Provider PayAnywhere (Dec. 5, 2013)
Mobile POS provider PayAnywhere has struck a deal to enable its merchant clients to accept payments via PayPal’s payment card. The pact gives Troy, Mich.-based PayAnwhere access to PayPal’s base of 55 million active U.S. customers, more and more of whom are using its account-linked payment card, according to the company. Meanwhile, PayPal stakes out yet another path for its users to make purchases offline, continuing what has become a full-scale push into brick-and-mortar payments over the past year-plus.
The PayAnywhere deal is based upon PayPal’s existing in-store acceptance agreement with Discover, inked in 2012 and based—at least for now—on a magnetic stripe payment card linked to a user’s PayPal account. PayAnywhere merchants will be able to start accepting PayPal cards on or about Dec. 20, the company said.
PayPal’s push into new acceptance arenas seems to be showing few signs of slowing down. Just weeks ago, the company announced a partnership with the popular Uber car service, which will enable riders in the U.S. and several European markets to fund their Uber accounts with PayPal. That deal followed the announcement that McDonald’s would begin accepting PayPal at the POS in all of its locations in France after a successful pilot.