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Discover contracts to extend PayPal option to more than two million retailers

200px-PayPal_logo.svgDiscover announced on Tuesday a mass contract-signing that will extend the acceptance of PayPal in retail stores to more than two million merchants by the end of the year.

The announcement comes eight months after PayPal said it planned to develop a payment option that uses Discover’s payments infrastructure to provide its accountholders with access to millions of retail, restaurant and gas outlets.

“With the signing of 50 merchant acquirers to date, we are well on our way toward helping PayPal reach its goals of acceptance at millions of physical locations in the U.S.,” Diane Offereins, the president of payment services at Discover, said. “Our relationship represents the unique abilities we have to leverage our payments assets and infrastructure to work with emerging payments leaders like PayPal, and we’re proud of the progress we’ve made in such a short time.”

The largest merchant acquirers, including Vantiv, WorldPay, Global Payments, First American Payments, TSYS and Heartland Payment Systems have committed to offer PayPal to customers.

“We are proud to have given our business owners the opportunity to be the first merchants nationwide to let consumers use PayPal in stores,” Tony Catalfano, the president and CEO of WorldPay U.S., said. “With the expanded acceptance options, our merchants are able to offer more payment choices for their customers, create better opportunities for engaging customers, help increase sales, and solve problems to make their customers’ experience better.”

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