PayPal to Go Live at 2 Million Retail Locations

It's official! eBay's (NASDAQ: EBAY  ) PayPal has begun going live at over 2 million U.S. retail locations where Discover Cards are accepted. This is a pinnacle moment for the online payment processor that's trying to capture share in the tremendous point-of-sale market. Despite eBay's ambitions, there are many challenges for the company to overcome before investors can call this move a success. In this video, Motley Fool contributor Steve Heller examines how big of an opportunity this could be for PayPal and what factors will contribute to its success.

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  • Report this Comment On April 23, 2013, at 10:47 AM, NobodysFool2013 wrote:

    I really don't see the significance of this move by Paypal or Discover?? Most Paypal merchants already have a Paypal debit card they can swipe at ATM's or POS to withdraw money, and anybody who has heard all the Paypal horror stories would never leave an active balance in Paypal. I don't.

    Then there is the question of how many real, active consumers have a Paypal account versus almost every adult in the US with a MasterCard / Visa debit card or credit card.

    Furthermore, the whole concept of keying in your phone number and then a pin is not the most well thought out idea.

    Also, what's in it for Discover? Surely, they're not doing this out of the goodness of their hearts.

    I just don't see this as a game changer.

  • Report this Comment On April 24, 2013, at 1:37 AM, PhilipCohen wrote:

    The regurgitation of the media release nonsense from the eBay Dept of Spin is really just too funny ... it's all about trying the pump more hot air into eBay's stock price ...

    The ugly reality for consumers, particularly smaller payees, dealing with the clunky, unscrupulous PayPal ... http://bit.ly/UVXx53

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