Visa and PayPal have finally settled a long-standing feud

The PayPal application is arranged for a photograph on an Apple Inc. iPhone in Washington, D.C.

Andrew Harrer | Bloomberg | Getty Images

The PayPal application is arranged for a photograph on an Apple Inc. iPhone in Washington, D.C.

The partnership appears to bring to a close tension between one of the world’s biggest credit companies and the biggest alternative online payment option in the U.S. PayPal has been viewed warily by the credit card companies that don’t appreciate PayPal pushing their customers to pay with a bank account hookup — known as ACH — rather than a payment card.

PayPal historically makes more money on a transaction when a user funds his or her PayPal wallet with a direct bank account hookup, since that method carries lower transaction fees than payment cards do….

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