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Walmart, PayPal to offer financial services to customers

Walmart Inc. and PayPal Holdings Inc. announced Oct. 11 that it has teamed up to roll out PayPal services at Walmart stores for $3 per service.

The partnership enables PayPal to extend its cash in and cash out money services in a brick-and-mortar environment for the first time. The cash-in service will be immediately available at Walmart while PayPal cash out will be launched at all of the retailer's U.S. stores by early November.

Paypal mobile app users can also access their cash balance via Walmart's service desks, ATMs and cash registers.