Shares of Paypal’s parent company Ebay are up toward the end of todays session on the news that Paypal is expanding their in-store payment network to include 2,000 more stores. A spokesman for the online payment service said that a trial run in 50 Home Depot locations is currently under way in the San Francisco area, with the goal of increasing Paypal’s future avenues for income. While little profit is initially expected, it does provide some diversification to their income stream and challenges transaction companies like Visa and Mastercard on yet another front.
More info can be found via PayPal Will Expand In-Store Payments to 2,000 Locations by March – Businessweek.