Riders Can Now Use PayPal For Car-Hailing App Uber
LOS ANGELES (CBS/AP) — Car-hailing app Uber is now letting its users pay for their rides using PayPal.
The deal announced late Monday takes eBay's payments subsidiary another step into the physical world.
Riders receive $15 off their next ride using PayPal, according to the company.
PayPal has started service transactions at brick-and-mortar stores as both worlds continue to meld. The company is also trying to stave off mobile payments competitors such as Square.
For Uber, the deal could make it easier to grow overseas. Uber CEO Travis Kalanick says his company was looking for a partner that understands the banking language of German banks or does credit card processing in Mexico, for example.
Until now, people had to use credit cards to pay for Uber rides, which limited Uber's popularity in countries such as Germany, where most people pay with their bank accounts.
(TM and © Copyright 2013 CBS Local Media, a division of CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)