Walmart and PayPal have entered a partnership that broadens in-store financial services for PayPal customers:
“This is the first time customers will be able to take cash out of their PayPal accounts in a brick-and-mortar store, the companies said Thursday. Customers already can load their PayPal accounts with cash at the stores. The service will cost $3 per use.”
P.S. Walmart has long offered financial services to its underbanked customers. However, many people who have traditional bank accounts are also PayPal customers. This move may be another example of how Walmart is seeking to expand its demographic. Are you prepared to serve new demographics as well? Our experts can help you optimize your assortments to ensure ongoing sales. Get in touch with us today!