PayPal Launches New Offline Payment System At Home Depot
Shoppers will be able to pay for in-store purchases using their online accounts with new mobile POS capabilities.
One of the largest home improvement retail chains in the U.S. has begun testing out PayPal as a payment method at point of sale. The in-store mobile payment process will allow Home Depot customers to pay for purchases using only the mobile phone number associated with their PayPal accounts along with a PIN. The funds will be taken directly out of their PayPal accounts, just like with a debit card.
PayPal is primarily still an online payment platform where its users can securely send and receive money to one another without revealing credit card or bank details. Last year, PayPal began toying with the idea of making the platform available in the offline world and not just relevant for online purchases. Watch the video below to see what the future of shopping could be like with PayPal.
This service will offer some major competition to Google Wallet as the two e-commerce services plan to roll out further convenient offline payment features in 2012.