PayPal partners Home Depot to trial POS tech
09 January 2012 | 8423 views | 3
PayPal has taken another step in its journey to the high street, beginning a pilot of its new point-of-sale technology with US retail giant Home Depot.
The small-scale trial means that a group of PayPal employees can use their PayPal accounts to buy goods at five Home Depot stores.
Participants can either swipe a card connected to their account or enter a code and their phone number into the terminal.
The pilot is a small step in PayPal's ambitions to take on card companies Visa and MasterCard in the high street as the boundaries between online and offline merge.
The company eventually plans to roll out a "one-stop shop" for merchants, covering the whole shopping lifecycle - 'acquisition', 'conversation' and 'retention'.
Says Anuj Nayar, director, communications, PayPal, in a blog post: "Stay tuned throughout the year as we continue to re-imagine money and make it work better for merchants and consumers - whatever device you're on, wherever you are in the world, and however you prefer to pay."