In May 2012 we announced 16 large national retailers would enable their customers to pay with PayPal in-store. During that time we also made a commitment to sign-up a total of 20 large national retailers by the end of 2012. I’m happy to report that we exceeded that goal, and at the close of 2012 we had agreements with 23. The vision we started to lay out in 2012 is quickly becoming a reality, and when you now walk into 18,000 physical stores around the U.S., you see the PayPal name when checking out, making the reality of any time, anywhere payments come alive.
The 23 national brand name retailers are Famous Footwear, Dollar General, Mapco Express, RadioShack, Spartan Stores, Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, the Home Depot, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct, Toys “R” Us and two additional partners that we will share publicly soon.
Delivering valuable digital and mobile payments is alive and thriving, and consumers all over the U.S. will now start seeing PayPal more where they shop every day, including the grocery store and at the gas pump. We believe that by bringing value to the checkout experience “every day” with proven technology that is simple, fast, and secure and offering true benefits such as coupons, rewards and loyalty, we’ve uncovered a winning solution when people pay. No bells, whistles or buzzes – just technology that works and gets the most from your money.
This is an exciting time at PayPal because our path to enabling people to pay with PayPal in the store has now gone from a vision to a reality. We are executing on our vision of cloud-based payments to enable true convenience across any channel from your laptop to your smartphone or the store. Some of the competition has stumbled with alternative technology offerings that don’t address true customer pain points – they have created technology, just for technology’s sake. We just want you to pay how you want; simple, fast and secure – with any method you want.
If you haven’t tried PayPal in store yet, please be sure to check it out or sign up at www.paypal.com/anywhere. Please tell us about your experience in the comments and stay tuned for many more retailers to sign up this year who are as committed as we are to helping you pay the way you want and get the most from your money.