PayPal’s Braintree to Offer Visa Checkout – Expanding Choice for Merchants and Consumers
September 06 2016 - 7:30AM
Business Wire
Visa-PayPal partnership continues to drive the
proliferation of digital payments
Visa (NYSE:V) and PayPal (NASDAQ:PYPL) today announced that Visa
Checkout will soon be available as a payment service for Braintree
merchants.
Braintree, a PayPal company that powers payments for companies
like Airbnb, Eventbrite, Pinterest and Uber, offers simple
solutions that enable merchants to accept a variety of payment
options online, in app and in-stores, and soon Visa Checkout will
be available as one of Braintree’s payment options. The online
payment service allows Visa cardholders to pay on any connected
device, in just a few clicks, using their Visa account. Visa
Checkout is already part of the shopping experience at many leading
online retailers including Starbucks, Walgreens and Best Buy.
“With the Visa card at the center of the payment experience,
Visa Checkout brings familiarity and trust to digital shopping
offered by Braintree’s customers -- some of the most innovative
merchants driving ecommerce and m-commerce today,” said Sam
Shrauger, senior vice president, digital solutions, Visa, Inc.
“We’re thrilled to be partnering with PayPal and Braintree to make
cards work better on any connected device.”
“At Braintree, we’re singularly focused on giving our merchants
the flexibility and freedom to choose from the best commerce
experiences available,” said Juan Benitez, GM, Braintree. “Offering
simple and easy access to Visa Checkout through Braintree's
platform reinforces our commitment to merchants as we continue
adding relevant payment services to our platform, and will be an
important way we continue to expand on our partnership with
Visa.”
Visa Checkout will be available to US merchants through
Braintree’s SDK in early 2017. Braintree’s SDK is a seamless
integration that provides a simple way for merchants to accept
payments and enable buying experiences.
Visa Checkout now has more than 14 million consumer accounts.
Hundreds of thousands of merchants and more than 900 financial
institution partners now offer Visa Checkout in 16 countries around
the world; expansion into five additional European countries and
India will take place by the end of 2016.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that
connects consumers, businesses, financial institutions, and
governments in more than 200 countries and territories to fast,
secure and reliable electronic payments. We operate one of the
world's most advanced processing networks — VisaNet — that is
capable of handling more than 65,000 transaction messages a second,
with fraud protection for consumers and assured payment for
merchants. Visa is not a bank and does not issue cards, extend
credit or set rates and fees for consumers. Visa's innovations,
however, enable its financial institution customers to offer
consumers more choices: pay now with debit, pay ahead of time with
prepaid or pay later with credit products. For more information,
visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and
@VisaNews.
About PayPal
At PayPal (Nasdaq: PYPL), we put people at the center of
everything we do. Founded in 1998, we continue to be at the
forefront of the digital payments revolution. PayPal gives people
better ways to manage and move their money, offering them choice
and flexibility in how they are able to send money, pay or get
paid. We operate an open, secure and technology agnostic payments
platform that businesses use to securely transact with their
customers online, in stores and increasingly on mobile devices. In
2015, 28% of the 4.9 billion payments we processed were made on a
mobile device. PayPal is a truly global payments platform that is
available to people in more than 200 markets, allowing customers to
get paid in more than 100 currencies, withdraw funds to their bank
accounts in 56 currencies and hold balances in their PayPal
accounts in 25 currencies. For more information on PayPal, visit
https://www.paypal.com/about. For PYPL financial information, visit
https://investor.paypalcorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160906005454/en/
PayPalChris Morse, 914-413-3045cmorse@paypal.comorVisa
Inc.Amanda Pires, 650-445-8169apires@visa.com
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