PayPal Signs Exclusive 12-Month Deal with Visa

http://bankinnovation.net/2016/07/paypal-signs-exclusive-12-month-deal-with-visa/

 

  • Visa will get access to PayPal payment processing and Venmo, and essentially become the preferred payment type within PayPal
  • PayPal will no longer steer Visa cardholders toward ACH transactions
  • The deal is exclusive for 12 months
  • It’s another victory for the card networks, and a blow to ACH, which lost the MCX mobile payments platform recently. It’s also a blow to payments neutrality.
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