MasterCard to Allow Customers to Use PayPal Services in Stores
MasterCard will let PayPal users withdraw money from their accounts using a debit card
Credit card issuer MasterCard has expanded its deal with PayPal to allow customers to use PayPal services to pay for purchases in stores.
PayPal made a similar deal with MasterCard rival Visa in July.
This deal will let PayPal users choose a credit or debit card as their default method of payment and share data on transactions they make using MasterCard's tap-and-pay feature, which lets shoppers pay by simply waving a card or a mobile phone over a card reader.
In return, MasterCard will let PayPal customers withdraw money from their accounts with a debit card and will waive the digital wallet fee that the company currently charges PayPal.
PayPal and MasterCard have a partnership in the United States and Puerto Rico for consumer credit cards of both brands.