Just days after announcing a similar deal with Visa, PayPal has now announced it has come to an agreement with MasterCard, as well. This will allow customers to use PayPal to pay in stores, it was said, through the use of smartphones and contactless payment cards. According to multiple media reports, this deal actually means losses for PayPal in the short term. Wall Street Journal reported that PayPal is "shifting away from promoting free bank transfers to fund customers' transactions and toward the networks, which charge a fee". But with strong competition coming from the likes of Apple or Stripe,… [Continue Reading]
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