Soon you’ll be able to withdraw money from your PayPal account at the nearest Walmart store. It’s going to be the first time that PayPal users will be able to take cash out of their account in a physical Walmart store. All you need to do to withdraw the money is go to a Walmart Service Desk, ATM, or in-store cash register. Of course, you’ll be able to load money in there too.
The service is helpful for people who prefer a PayPal account to a traditional bank account. But that also means that you need to factor in their own version of that pesky ATM charge we all hate to accept… The PayPal withdrawal and deposit transactions will cost you three dollars.
PayPal Is Getting Traditional
Word spread earlier this year that PayPal wants to move further into the traditional banking service space. They once had a dream of successfully ousting competitors such as Android Pay and Apple Pay as a mobile payment platform. But now that dream seems to be dwindling. So PayPal is doing what any smart business does when they start to feel the shifting tides of consumer behavioral habits. They’re pivoting.
The payment option will be available to PayPal users at all Walmart stores in the United States by early November.
Want More in Your PayPal Account?
It might be handy to withdraw PayPal money at a Walmart, but not if there’s no money to withdraw!
If you’re looking to make extra cash via PayPal, sign up for Survey Junkie. You’ll get to share your opinion with today’s biggest brands, influence the products and services they make, and get paid for it. When you’re ready to cash out, you can choose to redeem your points through your PayPal account. And with a super low payout threshold, they’ll let you cash out as soon as you hit $10.
Data Source: engadget.com