Samsung Pay users will now be able to pay for their products and services using PayPal Holdings Inc's payment window. Millions of stores will now be able to accept payments from PayPal through Samsung Pay, the companies announced Tuesday. Additionally, Samsung Pay can now be used as a form of payment in-app and online for PayPal's Braintree merchant base. PayPal can be used as a method of payment by 34% of merchants in the U.S., while Samsung Pay can only be used by 18% of merchants. The electronics maker's technology and the online payment services provider both use an NFC point-of-style system.
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Samsung Pay Partners with PayPal
Under terms of the deal, PayPal will be listed as a payment method in Samsung Pay and can be used anywhere Samsung Pay is accepted (in-store, online or in-app), the companies said. Last year alone, PayPal processed $102 billion in mobile payment volume and two billion mobile payment transactions. In a blog post, PayPal announced the South Korean consumer electronics giant will enable it as a payment choice with Samsung Pay, its digital payment service. The following year, PayPal was added as a payment method within Samsung Smart TVs. This partnership will give our customers the ability to pay with mobile almost anywhere consumers can swipe or tap a credit card, as Samsung Pay works in almost any in-store POS location in the U.S." What's more, Ready said the deal will enable its merchants to accept Samsung Pay.
Samsung Pay now lets you use your PayPal funds at the checkout
To get your PayPal funds available on-tap, you just have to addyour PayPal account to Samsung Pay in the usual way. Related: Samsung Galaxy S8Will the PayPal feature make using Samsung Pay a better experience for you? Samsung just partnered up with PayPal to give contactless shoppers yet another easy way pay for their purchases. If that frustrates you, it's worth knowing that Google 's android Pay platform already supports PayPal, and Apple also announced last week that customers can now pay for digital goods through its own stores using PayPal. Once that's done, you can use any PayPal funds you have stashed away to pay for in-app, in-store and online transactions using the app.
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