Shop at Home Depot stores and your home won’t be the only thing getting a renovation. The way you pay, thanks to an expanded partnership with payments provider PayPal, may never look the same.
In two weeks time, the home improvement chain will start accepting PayPal payments at all of its nearly 2,000 stores in the U.S., PayPal vice president of retail and prepaid products Don Kingsborough announced Tuesday.
The PayPal store checkout program, initially tested at a handful of Home Depot stores, allows consumers to pay with their PayPal accounts at checkout. PayPal account holders need only activate the feature online to begin paying via PayPal, using their mobile phone number and a pin number, when shopping at Home Depot stores (and soon other locations too). Shoppers are also issued a PayPal payment card (it looks similar to a credit card) that they can alternatively use.
PayPal, the payments subsidiary of e-commerce giant eBay, is helping its parent company evolve from an auction site into a commerce platform that caters to consumers hybrid online and offline shopping needs.
“We are a different eBay today, no longer just an e-commerce leader but a stronger, more diverse global commerce company shaping the future of shopping and payments,” eBay president and CEO John Donahoe said during eBay’s most recent earnings call. “We intend to make shopping more locally convenient and more globally accessible.”
PayPal closed out the fourth quarter of 2011 with 106.3 million active registered accounts.