McDonald’s Is Testing Payment by PayPal

by Angela Nazworth | August 23, 2012 3:52 pm

PayPal, which is owned by eBay (NASDAQ:EBAY[1]), could receive a huge boost if its mobile payments deal with McDonald’s (NYSE:MCD[2]) pans out.

The king of fast-food is testing payment via PayPal in about 30 of its restaurants in France, Reuters reports[3]. French customers who are using the service are able to order McDonald’s food online or on their smartphone via a mobile app. Then, they can pay for that food with their PayPal account and pick up the meal at McDonald’s.

Since McDonald’s has a network of more than 30,000 restaurants, a permanent deal with the company would be an enormous victory for PayPal, which recently made a big move[4] with Discover Financial Services (NYSE:DFS[5]).

Endnotes:
  1. EBAY: http://studio-5.financialcontent.com/investplace/quote?Symbol=EBAY
  2. MCD: http://studio-5.financialcontent.com/investplace/quote?Symbol=MCD
  3. Reuters reports: http://www.reuters.com/article/2012/08/17/us-paypal-mcdonalds-idUSBRE87G0ZB20120817
  4. which recently made a big move: http://investorplace.com/2012/08/discover-strikes-a-deal-with-paypal/
  5. DFS: http://studio-5.financialcontent.com/investplace/quote?Symbol=DFS

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