In a blog post on the company’s official blog PayPal President David Marcus revealed that the company has reached agreements with 15 brick-and-mortar retailers, agreements that will bring the company’s offline payment solution to some of America’s most recognizable retailers.
According to Paypal the company’s new partners include:
Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys “R” Us.
Marcus says of the company’s fast moving plans:
“Consumers are relying on technology now more than ever to simplify their lives when it comes to shopping and paying, and retailers must adapt to this shift or risk becoming irrelevant.”
PayPal began testing the Paypal system at The Home Depot just four short months ago (January 2012) and now the company will roll out the PayPal program to all of its 2,000 locations in just two months time.
The best part about PayPal’s system is the ease of us it offers, customers do not need to use an NFC equipped cell phone and the program integrates with already available point of view systems.
As Marcus points out:
“We’re helping merchants connect with consumers at every stage in the shopping cycle. Before they come into the store, while they’re in the store, or even after they’ve left. We’re able to drive consumers through a retailer’s doors with relevant offers, coupons and discounts, then maintain a relationship with that consumer that keeps bringing them back to the retailer, in store or online.
While PayPal has only announced major retailer relationships at this time the company promises that “mid-market” solutions are on the horizon. The mid-market solution will be made available to businesses with multiple retail locations or just several locations that posses sophisticated payment and inventory management systems that are easily accessible with PayPal technology.
In the blog post David Marcus writes:
“We’re very excited to announce our relationships with innovative point of sale software providers Leapset,ShopKeep (video), Vend (video) and Erply (video) to help their retailer customers take advantage of the new technologies while integrating into their existing systems. These companies already work with 50,000 mid-market businesses offline. With the flip of a switch, their merchants could use PayPal in their stores without ripping out and replacing their existing systems and investing in new or expensive upgrades. Starting today some of their merchants are live with PayPal’s local feature in their stores so customers can alert merchant that they’re in-store, and get the “VIP” treatment while paying with the best possible user experience.
Have you used PayPal’s payment system at your local Home Depot store? What do you think of the payment company’s offline payment platform?