Sunday, February 19, 2012

Watch Out Visa and MasterCard: PayPal Is Coming to a Brick-and-Mortar Store Near You

Products like Square and early mobile wallet innovations are already nipping at the heels of the traditional payment-processing infrastructure that merchants use every time you swipe a card to buy something at a store.

But online auction powerhouse eBay, owner of PayPal, thinks there’s room for one more competitor to bank-issued debit and credit cards with a logo such as Visa or MasterCard on the front: The company plans to roll out PayPal in brick-and-mortar retailers.

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