PayPal and MasterCard announced an expanded partnership Tuesday enabling consumers to to use PayPal’s payment services in brick-and-mortar stores.
Per terms of the agreement, PayPal will allow users to select a MasterCard credit or debit card as their default payment method and share data on transactions completed using MasterCard’s tap-and-pay feature. In addition, shoppers and small businesses will be able to instantly cash out funds held in their PayPal accounts to a MasterCard debit card.
