Friday, February 18, 2011

EBay Says Retailers Want PayPal for Mobile In-Store Payments

"Offline retailers are knocking on eBay Inc.’s door and asking its PayPal unit to provide an in-store payment alternative to credit cards and debit cards, the company’s chief executive said Wednesday.

CEO John Donahoe added that eBay is working to develop device-agnostic solutions that will enable consumers to pay for goods in stores using PayPal accounts linked to their cell phones, tablets or other mobile devices.

“Merchants are beating down the door saying: ‘We want to migrate customers to non-card solutions’,” said Donahoe during a question-and-answer session at the Goldman Sachs Technology and Internet Conference in San Francisco."

PayPal has been offering some ways to make mobile payments since at least 2009.



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