Walmart and PayPal are teaming up to provide financial services and products. And as part of this collaboration, the two companies will begin rolling out PayPal cash in and cash out money services at Walmart for a fee of $3 per service in the United States. You can read more about the services here.
This is the first time PayPal mobile app users will be able to take cash out of their PayPal account in a brick-and-mortar environment, in addition to being able to load cash into their PayPal balance at Walmart stores. Additionally, like PayPal mobile app users, PayPal Cash Mastercard customers can now access their cash balance using Walmart Service Desks, ATMs and cash registers for the same fee. PayPal cash in is immediately available at Walmart and PayPal cash out will be available at all Walmart USA locations by early November.
Today’s news is the first time our two companies are working together to build products for our shared customers.We consider this a key collaboration for both PayPal and Walmart. We are committed to working together to make it simple and easy for people to use PayPal cash in and cash out money services at every Walmart location in the U.S. We look forward to working hand-and-hand to help people and families with their financial services needs.
– Dan Schulman, President and CEO, PayPal
Walmart is committed to expanding access to financial services products that are convenient, easy to use and available for everyday low prices. With 90 percent of Americans living within 10 miles of a Walmart store, we know that offering PayPal cash in and cash out money services for an exclusive low fee is going to provide great value to the many people who rely on Walmart and PayPal to help manage and move their money.
– Daniel Eckert, Senior Vice President, Walmart Services & Digital Acceleration, Walmart