Wells Fargo and PayPal Partner Up - Card Issuers News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Card Issuers » Wells Fargo and PayPal Partner Up

Wells Fargo and PayPal Partner Up

Wells Fargo and PayPal Partner Up
The content is accurate at the time of publication and is subject to change.

In the near future, Wells Fargo customers will be able to pay for everything from groceries and gas to electronics and more using PayPal in brick and mortar stores. Right now they can use PayPal to pay for merchandise and services online or via mobile apps. The new upgrade in the system will let them use their devices in real-time, at stores that have been outfitted with payment terminals configured to take near-field communication (NFC) payments.

This upgrade is seen by PayPal as being the next evolution in giving customers more convenience. “We’re looking to enable payments for our customers’ mobile-driven lives, and this upcoming capability allows us to further engage the millions of Wells Fargo customers who use their debit and credit cards on PayPal to seamlessly make mobile and online, and now in-store, purchases,” said Jim Smith, head of Virtual Channels.

“New mobile payment experiences like the one we announced today create unique value propositions for Wells Fargo customers who use PayPal, he said.”

Mobile banking trending with Wells Fargo customers

Wells Fargo reports that mobile banking has been the fastest growing platform for them – with more than 20 million customers doing their banking via apps. Their mobile platform is also outperforming their online banking portal, reportedly growing twice as fast.

What phones are customers using most often to do their banking? Android users seem to be on fire when it comes to mobile banking at Wells Fargo, outpacing people using other kinds of mobile devices and logging in an average of 16 sessions every month.

Security, security, security

When people decide to use PayPal to make a payment using their Wells Fargo credit or debit card their activity is actually monitored using Wells Fargo’s risk and fraud detection systems.

They are also protected when using their mobile device to make a payment with a Zero Liability policy, which basically means that people who report unauthorized transactions as soon as they notice there is an issue are not responsible for the fraudulent charges.

Wells Fargo & Company is headquartered in San Francisco and was founded in 1852. They currently have $1.9 trillion in assets and offer a wide range of services including, mortgage, banking, insurance, investments and consumer and commercial finance products.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

PayPal and Synchrony Expanding Partnership
PayPal and Synchrony Expanding Partnership

Posted: November 28, 2017

PayPal and Synchrony Financial are upgrading their relationship when it comes to consumer credit, with Synchrony Financial taking on PayPal’s U.S. consumer credit receivables portfolio. This acquisition is valued at $5.8 billion, and in… Continue reading

Capital One Announces Data Breach and Arrest
Capital One Announces Data Breach and Arrest

Posted: August 01, 2019

Capital One Financial Corporation was hacked on July 19, 2019, with just about 100 million Americans and 6 million Canadians being affected by the breach. While Capital One has reported that no credit card numbers or log-in information… Continue reading

Discover Alerting Consumers about Potential Identity Theft
Discover Alerting Consumers about Potential Identity Theft

Posted: July 28, 2017

Discover cardholders now have a new free service they can use to help keep their personal data safe and get a heads up if someone is trying to steal their identity. The service lets them know if their Social Security numbers are found on… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
For Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!