Do you have a PayPal account? The popular service is now accepted by hundreds of online retailers, including Walmart, Best Buy, and even Netflix. PayPal separated from its parent company, eBay, just under two years ago but according to CNET, it might make a shift over to an even bigger name – Amazon.
“We have been in conversations with Amazon,” said PayPal CEO Dan Schulman in an interview with Bloomberg. “We’re closing in on 200 million users on our platform now. At that scale, it’s hard for any retailer to think about not accepting PayPal.”
Schulman’s statement makes a lot of sense – but it would also be very beneficial for PayPal to be brought into Amazon’s very profitable bubble. Amazon is currently the largest e-commerce site in the world, bringing in an estimated 74.1 percent of all online sales.
Amazon is one of PayPal’s last holdouts, but if Schulman is right, that may soon change.