PayPal to let you withdraw cash at Walmart, but there’s a catch

While we’re often being told that a cashless society is just around the corner, PayPal has been busy prepping a new service that’ll let anyone with a PayPal account to withdraw and deposit paper money at any Walmart across the U.S. It marks the first time for PayPal users to have the ability to withdraw cash from their account in a brick-and-mortar environment, as well as load cash into their account, the payment giant said on Thursday. To use the new service, which will be available at all Walmarts in the U.S. by early November, you’ll need either the PayPal mobile app or a PayPal Cash Mastercard, which is basically a PayPal-linked debit card.

The cash withdrawals and deposits can be made at the store’s service desks, ATMs, or cash registers. Downsides? Well, each transaction will cost you £3, a not insignificant amount that will certainly add up over time if you do it regularly.

While the new service may come in handy as a last resort, or for those with limited or no access to banking services, shoppers may want to save paying out those fees by considering other cash withdrawal options, if available. PayPal president and CEO Dan Schulman said the initiative marked the first time for the two companies to work together on a shared service for customers, adding, “We consider this a key collaboration for both PayPal and Walmart [and] are committed to working together to make it simple and easy for people to use PayPal cash-in and cash-out money services at every Walmart location in the U.S.” Walmart senior vice president Daniel Eckert, meanwhile, said his company is committed to expanding access to such products, while making them “convenient, easy to use, and available for everyday low prices,” though some may dispute that last claim.

Eckert said that 90 percent of Americans live within 10 miles of a Walmart store, and insisted the new service will offer “great value to the many people who rely on Walmart and PayPal to help manage and move their money.”

PayPal’s partnership with Walmart follows news earlier this year that the online payments company was “nudging” some of its customers toward mainstream banking services by teaming up with small banks to offer basic banking features integrated with their PayPal accounts.

The move to broaden its offerings has also seen PayPal partner with the likes of Apple, Facebook, and Skype.

Editors’ Recommendations

Cogwheel/flywheel remover ModelcraftTo withdraw ideal tools easily and carefully at a gear wheel right in the engine or flywheel. - More Info - EAN: 4016138510980

Funko Stinger (Walmart) Pop! Vinyl - More Info

True Utility CashStash + Keyring Cash HolderMake sure you never run out of money, even if you’ve left your credit card at home with True Utility’s CashStash that features a patented Cash-clip that will hold a folded single note securely inside the capsule. Attached to your keyring, you can be assured you always have cash on you. The steel grey capsule blends seamlessly with your keys for security and its neoprene ‘O’ ring keeps it completely waterproof. A great little gift for students or anyone who doesn’t like to carry a handbag. The Box Contains: CashStash, Keyring attachment, CashClip Anodised Aircraft Grade Aluminium/ Stainless steel cash clip/Neoprene 'O' ring Dimensions: H: 4.5cm x W: 1.5cm - More Info - EAN: 5060063225296

Online Writing and Publishing Course BundleUnleash your writing potential with the Online Writing and Publishing Course Bundle Extensive course containing 103 lectures and 11 hours of video content Additional PDF support materials also provided Discover how to write with flair and creativity Learn to network with distributors and retailers Format ebooks from Microsoft Word documents Sell your books on Paypal Learn to promote your book through Amazon Save 93% on the Online Writing and Publishing Course Bundle at 19 pounds instead of 2.7 pounds - More Info

Money Maker - Money GunThe Money Maker Money Gun will literally shower you with cash! Great for anyone harbouring a secret desire to be a ‘gangster’, the novelty gun will fire out fake dollar bills at high speed. Simply pull the trigger and experience the sight of all that cash flying through the air. If only it were real… It will make a great gift idea for aspiring mobsters, a Secret Santa or for Hollywood-themed parties. - More Info - EAN: 5037200069228

You may also like...

Apps & Games Clothing Electronics & Photo Large Appliances
Baby Womens Apparel Garden Lighting
Beauty Mens Apparel Outdoors Luggage
Books Girls Apparel Health & Personal Care Pet Supplies
Car Boys Apparel Home Shoes & Bags
Motorbike Computers & Accessories Kitchen Equipment Sports & Outdoors
Fashion DIY & Tools Jewellery Toys & Games