Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event. 

PayPal Here

Who needs Starbucks? In an effort to ramp up its mobile payments offerings, PayPal announced today that it will team up with Discover to bring its technology to more than 7 million merchants next year.

In terms of sheer numbers, the deal one-ups Square’s partnership with Starbucks to replace credit card processing for its 7,000 stores in the U.S., since it brings PayPal’s technology to millions of retail locations. Though it’s worth noting PayPal will be just one of many payment options at Discover locations — with the Square/PayPal deal, Square is taking over all of the coffee shop’s card processing (and getting plenty of publicity to boot, along with $25 million in funding).

Once the integration is implemented, consumers will be able to pay for purchases using their PayPal debit card or their mobile phone number (plus a PIN), at Discover merchants. PayPal has already partnered with retailers like Home Depot and Cumberland Farms (though our correspondent Rocky Agrawal didn’t have many good things to say about the Home Depot experience).

During a conference call today, a PayPal representative noted that eventually all of the company’s payments services will be available in retail, since they’re all cloud-based. PayPal didn’t have a response as to how widespread its PIN-based payment offering would be on Discover’s network, after a caller noted that only a small segment of Discover merchants support PIN payments.

Above: PayPal president David Marcus introducing PayPal Here, photo by Meghan Kelly


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member