VeriFone has a customer base that includes 80% of 200 largest retailers in the US, and the agreement will offer retailers to converge with e-commerce and retail payments for consumers.
Consumers can use the existing spectrum of PayPal payment methods at checkout, including a PayPal Access card and PIN or entering a phone number and PIN.
PayPal Retail and Pre-Paid Services VP Don Kingsborough said: "VeriFone’s extensive customer base and strong technology make it a natural ally for PayPal as we continue to deliver on our strategy to bring intelligent electronic payments and value-added offers to brick-and-mortar stores."
Initially, the alternative payments can be availed at select merchant locations in the US, alongside traditional payment forms and will be implemented on VeriFone’s MX Solutions product families with large merchants.
Over a period of time, VeriFone will enable PayPal acceptance to the global retail customer base.
