Walmart Partners with PayPal to Bring Deposits and Withdrawals to Physical Stores

Posted by cageymaru 1:52 PM (CDT)

Thursday October 11, 2018

Walmart is partnering with PayPal to allow PayPal customers to deposit and withdraw funds from their PayPal account in-store for a $3 fee. This is the first time PayPal mobile app users will be able to take cash out of their PayPal account in a brick-and-mortar environment, in addition to being able to load cash into their PayPal balance at Walmart stores. PayPal Cash Mastercard users will be able to access their cash at Walmart ATMs, service desks, and cash registers for the same fee.

"Today's news is the first time our two companies are working together to build products for our shared customers," said Dan Schulman, President and CEO, PayPal. "We consider this a key collaboration for both PayPal and Walmart. We are committed to working together to make it simple and easy for people to use PayPal cash in and cash out money services at every Walmart location in the U.S. We look forward to working hand-and-hand to help people and families with their financial services needs."