Walmart and PayPal Have Teamed Up to Do This

For the very first time, digital payment giant PayPal will allow withdrawal services in brick-and-mortar stores.

The company is allowing customers to deposit and withdraw cash at Walmart stores to and from their accounts. But, it will come with a fee. The service will cost $3 per use.

PayPal Cash Mastercard customers will also be allowed to access their cash balance using Walmart
Service Desks, ATMs and cash registers for the same fee.

“Walmart is committed to expanding access to financial services products that are convenient, easy to use and available for everyday low prices,” remarked Daniel Eckert, senior vice president of Walmart Services & Digital Acceleration.

The companies are expecting to have the service at all Walmart stores in the U.S. by early next month.

Disclaimer: We have no position in Walmart Inc. (NYSE: WMT) nor Paypal Holdings Inc. (NASDAQ: PYPL) and have not been compensated for this article.