Green Dot unites efforts with PayPal to provide consumers with a new option



image Green Dot and PayPal are teaming in a move to provide US consumers with the ability to load money directly to their PayPal accounts using Green Dot’s MoneyPak. MoneyPak is available at more than 40,000 stores nationwide, including Walmart, CVS/pharmacy, Kmart, Rite Aid and Walgreens.

So, people will be able to shop anywhere PayPal is accepted without the need for a bank account or credit card.

This will be working in the following way: when MoneyPak is purchased with cash at a retail store, the money are loaded directly into a PayPal account and used to shop online anywhere PayPal is accepted, including eBay.

The new agreement gives customers who prefer to use cash when shopping a new convenient opportunity. MoneyPak has been fully integrated into PayPal’s site, allowing money to be added directly, without needing to link to any personal financial accounts.

Additionally, MoneyPak enables people to reload prepaid cards, make cash payments, pay bills and fund other accounts.

ECJ




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