PayPal has partnered with Discover to make PayPal a payment option in millions of stores across the United States. Any store that accepts Discover, will accept PayPal as an option. PayPal already has over 50 million active users in the U.S.
16 national retailers already accept PayPal. These include: Home Depot, Abercrombie & Fitch, Advance Auto Parts, Aéropostale, 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. Obviously this new partnership will add to that list significantly.
"It’s astonishing to think that in less than a year we’ve brought PayPal to the point-of-sale at more than 3,000 brand name national retailers in the U.S., launched a global mobile payments solution for small businesses with PayPal Here, and announced relationships with leading terminal vendors all over the world," says PayPal's VP of Retail and Prepaid Products, Don Kingsborough.
"The market has been looking for leadership as the payments space evolves and we think this relationship starts to deliver it," he says. "It is a milestone for PayPal as it enables us to innovate at scale."
Merchants won't have to make any hardware of software upgrades to offer PayPal, so it should be a pretty painless process.
Implementation of the partnership (in terms of in-store availability) begins next year.