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However, the best new advantage of this deal for consumers may be that Mastercard holders will be able to add a debit card rather than an ACH account. (ACH is the dreaded enemy of the networks, though MC’s VocaLink acquisition hints at aspirations in that area.) ACH is far cheaper than working through the card networks, so PayPal must hope for greatly increased volume with the networks on board.

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PayPal - Wikipedia, the free encyclopedia

is an American company operating a worldwide online payments system

As part of the deal, MasterCard will allow PayPal users to withdraw cash from their accounts using a debit card and also waive the digital wallet fee it currently charges PayPal.

As part of the deal, MasterCard will allow PayPal users to withdraw cash from their accounts using a debit card and also waive the digital wallet fee it currently charges PayPal.