PayPal Expands Technology to These 15 New Retailers
At a press conference Thursday at PayPal’s San Jose headquarters, the company, an eBay (NASDAQ:EBAY) subsidiary, announced it is adding 15 new national retailers to its existing set of customers using its in-store payments technology.
Some of the new merchants include Abercrombie & Fitch (NYSE:ANF), Advance Auto Parts, Aéropostale, American Eagle Outfitters (NYSE:AEO), Barnes & Noble (NYSE:BKS), Foot Locker (NYSE:FL), Guitar Center, Jamba Juice (NASDAQ:JMBA), JC Penney (NYSE:JCP), Jos. A. Bank Clothiers (NASDAQ:JOSB), Nine West, Office Depot (NYSE:ODP), Rooms To Go, Tiger Direct (NYSE:SYX) and Toys “R” Us.
These companies will soon be using PayPal technology at their cash registers to allow customers to choose it as an alternative to paying with cash, check or card. Customers can either use a PIN code or a special PayPal credit card to deduct payment from their accounts.
The company went from a 5-store pilot test with select Home Depot stores and has expanded to the chain’s nearly 2,000 location in just two months.
Additionally, PayPal announced deals with VeriFone and Equinox to integrate its technology and will now reach nearly 40 million POS terminals worldwide.