eCommerce

PayPal Teams With Gap, DoorDash For Payments, Checkout Solutions

New entries to PayPal's enterprise merchant roster include delivery company DoorDash and clothing retailer Gap Inc., which will now allow customers to use PayPal at checkout, according to a press release.

According to the release, PayPal's strategy is working "to create a seamless and simple checkout experience for consumers online by offering customers the flexibility and power to choose how to pay."

DoorDash is one of the more prominent U.S. food delivery companies with 45 percent of the market share, according to the release. The company, which saw as much new interest during the pandemic as other delivery companies did, rolled out its DashMart convenience stores earlier this year to deliver household items to customers. The online stores are curated by DoorDash and feature items from local grocery stores and eateries.

That innovation, launched in August, represented the branching out of delivery apps beyond grocery and restaurants and tapping the potential in other delivery needs. The initial rollout was for eight cities, PYMNTS reported, and the company planned at the time to add more locations in later months.

But while the pandemic has shifted behaviors to more of a digital mode for now, in-store resurgences will presumably happen, and the PayPal press release stated PayPal is working to help companies mix the online shopping experience with the physical one through QR codes and other devices.

In particular, the company has worked with CVS Pharmacy to implement the QR codes, which PYMNTS reported customers can use at checkout and draw from PayPal or Venmo balances to buy items from the store, with discounts applied automatically. CVS officials said the move would help the company stay on pace with new digital innovations in the payments world.

In addition, PayPal is integrating checkout with Facebook Shops and Instagram, which it says will help businesses in the upcoming holiday season, according to the release.

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NEW PYMNTS STUDY: ACCELERATING THE REAL-TIME PAYMENTS DEMAND CURVE – NOVEMBER 2020

About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.

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