Mentioned:
ChatGPT is embracing payments. And they’re partnering up with PayPal to do it.
What’s happening:
- PayPal (NASDAQ: PYPL) and OpenAI have formed a new deal to integrate PayPal’s wallet directly into ChatGPT
Why it matters:
- The new deal makes PayPal the first payments company to ever be integrated into ChatGPT
Going deeper:
- OpenAI and PayPal will collaborate to connect PayPal’s global merchant network directly into ChatGPT and enable ChatGPT users to easily discover small businesses and brands that are powered by PayPal
- PayPal will handle all payment processing, fraud prevention and disputes related to purchases and enable the ability for ChatGPT users who have a PayPal account to instantly check out
The fine print:
- OpenAI and PayPal have not yet publicly disclosed exactly when their new partnership will be launched or when payments will become available for users of ChatGPT
