Walmart and PayPal are collaborating to jointly provide financial services and products for both companies’ products.
The two companies will roll out PayPal cash in and cash out money services at Walmart for a fee of $3 per service. This is the first time PayPal mobile app users will be able to take cash from their PayPal account at a physical environment, according to the company. Walmart customers also will be able to load cash into their PayPal accounts at Walmart stores.
PayPal Mastercard customers also will be able to access their cash balance using at Walmart service desks, ATMs and cash registers for the same fee.