Auctionbytes-NewsFlash, Number 2133 - October 08, 2009 - ISSN 1539-5065
| Next Story
PayPal Lets Shoppers Fund Accounts with Cash
By Ina Steiner
AuctionBytes.com
Reading AuctionBytes: PayPal Lets Shoppers Fund Accounts with Cash
MoneyPak , which consumers can purchase with cash at a retail store. This will enable people to shop anywhere PayPal is accepted without the need for a bank account or credit card.
MoneyPak is available at more than 40,000 stores nationwide, such as Walmart, CVS/pharmacy, Kmart, Rite Aid and Walgreens. MoneyPak is fully integrated into PayPal's site, allowing money to be added directly, without needing to link to any personal financial accounts.
"This relationship is transformative," said Green Dot Corporation founder and CEO Steve Streit. "It creates a cash-based solution for millions of people who want to use PayPal to shop online, but don't have a credit card or bank account."
In addition to funding a PayPal account, MoneyPak enables people to reload prepaid cards, make cash payments, pay bills and fund other accounts. MoneyPak is powered by Green Dot's cash acceptance network, and costs $4.95 or less.
Email this story to a friend. Next Story
Related Stories
New Law May Prove Taxing for PayPal and for eBay Sellers - January 18, 2009, Issue #231
PayPal Launches Shopping Website - January 19, 2009, Issue #1958
eBay Expands Guest Buying Program to 15 Transactions - January 21, 2009, Issue #1960
PayPal Merchants with Credit Card Accounts Must Update Certs - February 24, 2009, Issue #1984
Etsy Tests PayPal Billing - March 04, 2009, Issue #1990
PayPal's Charity Smackdown at SXSW - March 23, 2009, Issue #2003
Blackbaud and PayPal Offer New Web Tools for Nonprofits - March 31, 2009, Issue #2008
PayPal Continues Testing Student Accounts - April 03, 2009, Issue #2011
PayPal Hires Asia Pacific Manager, Wins Prepaid Card Award - April 07, 2009, Issue #2013
Merchant Attack Exposes Vulnerability in eBay's PayPal Service - Part 1 - April 09, 2009, Issue #2015
Merchant Attack Exposes Vulnerability in eBay's PayPal Service - Part 2 - April 10, 2009, Issue #2016
PayPal Buyer Protection Launches on eBay's Dutch Classifieds Site - May 14, 2009, Issue #2041
PayPal Rolling Out New Design - May 15, 2009, Issue #2042
Yahoo Makes It Easier to Use eBay, PayPal from Anywhere - June 08, 2009, Issue #2053
PayPal Holds Affect eBay and Off-eBay Transactions - June 09, 2009, Issue #2054
PayPal Launches 'Do Stuff for Money' Facebook App - June 23, 2009, Issue #2064
PayPal Announces New Express Checkout API to Reduce Cart-Abandonment - June 25, 2009, Issue #2066
Online Shopping Set to Boom According to PayPal UK Survey - June 26, 2009, Issue #2067
PayPal Follows eBay in Opening Platform to Third-Party Developers - July 07, 2009, Issue #2074
PayPal Holds Seminar for Developers in Australia - July 13, 2009, Issue #2078
PayPal Opens Platform, Announces Developers Conference - July 24, 2009, Issue #2087
PayPal Publishes Policy Updates - July 27, 2009, Issue #2088
Merchants Must Contact PayPal for Outage Compensation - August 12, 2009, Issue #2100
PayPal Introduces Student Account - August 12, 2009, Issue #2100
eBay Buyers Can Pay with Credit Card without PayPal Account - August 19, 2009, Issue #2100
As PayPal Goes Mainstream, So Do Its Blunders - August 20, 2009, Issue #2101
PayPal Runs Twitter Quiz Show - August 21, 2009, Issue #2102
eBay's PayPal Faces Increasing Competition in Payments Space - August 27, 2009, Issue #2106
eBay Reports PayPal Glitch with UPS Accounts - August 27, 2009, Issue #2106
PayPal Accepting Nominations for Developer Awards - September 07, 2009, Issue #2113
eBay CEO: Skype Deal Will Happen, Open to PayPal Spin-off - September 25, 2009, Issue #2124
PayPal Expands Ability to Place Temporary Holds on eBay Transactions - October 06, 2009, Issue #2131
eBay and PayPal Now Offer Bill Me Later on BIN and Some Auctions - October 20, 2009, Issue #2141
Payvment Brings PayPal-Powered Shopping Cart to Facebook - October 21, 2009, Issue #2142
PayPal Launches Own Forum as It Moves toward Independence from eBay - October 30, 2009, Issue #2149
PayPal Offers Holiday Deals through Retail Partners - October 30, 2009, Issue #2149
You Can't Take It with You: PayPal and Estate Planning - November 01, 2009, Issue #250
PayPal Opens Platform to Target $30 Trillion Opportunity at DevCon - November 03, 2009, Issue #2151
PayPal Opens Its Global Payments Platform - November 04, 2009, Issue #2152
PayPal Announces Developer Challenge for Innovative Apps - November 05, 2009, Issue #2153
PayPal Galvanizes Users to Help Lobby Government - November 13, 2009, Issue #2159
PayPal's 2008 Holiday Promotions Drove Increased Usage at Retail Sites - November 16, 2009, Issue #2160
Discuss this story in our forums.
Consumers can now load money directly into their PayPal accounts using Green Dot's 
