PayPal to Reach 2 Million Stores by Year-End

The company has extended its partnership with Discover

  PayPal aims for 2 million stores by the end of 2013
PayPal has extended its partnership with Discover in the hopes of reaching 2 million merchant outlets by the end of the year.

PayPal has extended its partnership with Discover in the hopes of reaching 2 million merchant outlets by the end of the year.

According to a press release, Discover announces it has signed contracts with 50 new merchant acquirers that will extend PayPal’s in-store acceptance to more than 2 million by the end of 2013.

"With the signing of 50 merchant acquirers to date, we are well on our way toward helping PayPal reach its goals of acceptance at millions of physical locations in the U.S.," says Diane Offereins, president of payment services at Discover.

Don Kingsborough, PayPal retail service VP, also mentions that with Disover’s help, they are going to grow from the 250,000 retailers who work with PayPal now to more than 2 million by the end of the year.

Several large merchants have committed to offering Paypal, including Hearland Payment Systems, Vantiv, WorldPay and Global Payments, while others are added on a regular basis.

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