New Partnerships and Expansions for PayPal - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » New Partnerships and Expansions for PayPal

New Partnerships and Expansions for PayPal

Add to Favorites:
New Partnerships and Expansions for PayPal
August
2

Citi_new

PayPal has partnered up with JPMorgan Chase so that cardholders can now quickly add their payment cards via Chase Pay to their PayPal account. This partnership also means that in the future cardholders will be able to pay for merchandise bought at retailers in the PayPal network using their Ultimate Rewards points.

This partnership is seen as a way to give consumers more flexibility and open the door to more innovative payment methods. “This partnership is about deepening our relationship and leveraging each other’s core assets to deliver simple, secure and truly transformative payment experiences for our joint customers,” said Dan Schulman, PayPal’s CEO.

“Our deep platform integration will add tremendous value to consumers who can now use PayPal and Chase products in more places, but also create new payment methods that will allow consumers to have more spending power at our millions of merchant locations online, in app and in store,” he said.

With this deal, PayPal will also be able to use the ChaseNet, a closed-loop payment network, when processing payments.

PayPal and Citi talking points

Citi and PayPal are also expanding their already existing relationship so that cardholders will be able to make payments with their ThankYou Points when shopping at U.S. based merchants. With this upgrade, they will be able to pay for purchases using some or all of their points.

This new feature is expected to start up in 2018. “At Citi, we continuously strive to enable consumers to transact when they want and how they want,” said Ralph Andretta, head of U.S. Branded Cards, Citi.

“Our expanded agreement with PayPal will enable our 14 million ThankYou Rewards members in the U.S. to utilize an innovative, intuitive new channel to redeem their points. We also look forward to offering this capability on a global scale in the near future,” he said.

This upgrade to their relationship comes on the heels of the rollout of a series of new mobile app features by Citi. These features include the ability to dispute some credit card charges from within the app, as well as being able to look at or download statements and keep track of replacement credit cards sent to them by Citi in real time.

Add to Favorites:

Related News:

Fewer Millennials Paying Attention to Finances

Posted: August 21, 2017

In 2015 more than half of Millennials were thinking about how to turn their financial goals into a reality, but in 2016 that number dropped to 37%, according to Navy Federal's 2017 Millennials and Their Money study. They also found that ... Continue reading
Debt Could Put a Damper on Romance

Posted: August 18, 2017

Does credit health factor into romance? The answer is yes, according to the new Chase Slate 2017 Credit Outlook survey. Carrying a lot of debt could be a deal breaker for some people, with 37% saying that it could make them think less of a ... Continue reading
Voting for Discover it Student Card Design

Posted: August 17, 2017

Discover is asking college students to weigh in on the new design for their Discover it Student Card, so from now until September 21, they can vote on their favorite design on Discover's website. To get the word out, they are running a ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Match Mile For Mile: We’ll match all the Miles you’ve earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit