Samsung Pay Announces Partnership to Allow Users to Pay via PayPal
- Author: Delia Davidson Jul 18, 2017,
Jul 18, 2017, 0:31
The two companies have signed on to allow U.S. customers to use their PayPal balance as a payment method within Samsung Pay wherever the mobile wallet is accepted, be it in-store, in-app, or online. In April, PayPal announced a deal with Android Pay that's almost identical to the one it just made with Samsung. Additionally, through Braintree, a PayPal service, merchants will be able to accept Samsung Pay as a method of payment in-app and online.
For now, PayPal will only work with Samsung Pay in the United States, but should expand to other countries in the near future. After that, you can make payments directly through your PayPal wallet. You can learn all about Samsung Pay, including how it works, from Pocket-lint's guide here. The following year, PayPal was added as a payment method within Samsung Smart TVs. Customers will also still receive Samsung Pay benefits like rewards points and gift cards.
It allows users to just tap and pay using the debit/credit cards and wallets stored on their mobile devices.
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PayPal has similar partnerships with Visa and MasterCard, as well as deals with Citi, FIS, and Facebook, among others. "This partnership furthers our commitment to providing customers with a more convenient payment experience that is simple, secure and available nearly anywhere". "By adding PayPal to Samsung Pay, we will combine Samsung's ubiquitous payment solution with PayPal's seamless and secure mobile wallet - delivering easy access to a simple, secure payment experience". Both the companies previously worked together to enable payments with fingerprint authentication. THis new addition will add one more jewel to the Samsung Pay's crown.
The move is quite a boon for Samsung, whose payment service already works with Near Field Communication (NFC), as well as with Samsung's patented Magnetic Secure Transmission (MST) technology.