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May 12, 2023
On the web
New PayPal Features for Small Online Businesses
MarkMeets
PayPal Banks on White Labelled Services as Apple Eats Its Lunch
The Stack
April 11, 2023
On the web
Visa and Partners Bring Interoperability to Digital Person-to-Person Payments
Visa
April 4, 2023
On the web
PayPal Adds Apple Pay Support for Small Merchants Using Advanced Checkout
TechCrunch
April 3, 2023
On the web
Is PayPal's Dominance Coming to an End?
Telemedia Online
On the wires
Live Nation Entertainment and PayPal Sign Multi-Year Deal to Expand Simple and Secure Payments to Fans Buying Tickets Worldwide
PR Newswire
March 17, 2023
On the wires
Collaboration of MasterCard, Visa, and PayPal, among others, Expected to Result in a Massive 18.15% Growth for In-Vehicle Payments Market Between 2022-2031
PR Newswire
March 7, 2023
On the wires
Spreedly Expands Payment Methods Offered to PayPal Braintree Customers
PR Newswire
January 25, 2023
On the web
Bold Commerce Integrates PayPal Bringing Payments and Commerce Together
Bold Commerce
January 24, 2023
On the wires
German Cartel Office Initiates Proceedings against PayPal
Reuters
Germany's cartel office regulator said on Monday it had initiated proceedings against payment company PayPal Europe over the possibility that it hindered competition. The subject of the proceedings was PayPal's rules for extra charges and the presentation of PayPal in the terms of use for Germany, the watchdog said. PayPal did not immediately reply to a request for comment. The regulator is investigating in particular rules that say merchants may not offer their goods and services at a lower price to customers who choose a cheaper payment method than PayPal.
December 14, 2022
On the web
PayPal Launches Integration with MetaMask Web3 Wallet for Ethereum Transactions
Fortune
“Users of the popular MetaMask Web3 wallet will soon be able to buy the second-most-popular cryptocurrency, Ether, via PayPal. Similar to PayPal’s checkout feature at online stores like Etsy and eBay, the integration with ConsenSys’s MetaMask will let users buy and transfer Ether by logging in into MetaMask, tapping the “buy” button, and logging into PayPal before making a purchase. The company said in a statement that select U.S.-based MetaMask customers will be able to use PayPal to buy Ether as of Wednesday, and that the feature will be rolled out to all U.S. users in the coming weeks. A crypto wallet like MetaMask is often the starting point for interacting with Web3 applications like play-to-earn games and some metaverse platforms. Adding PayPal to MetaMask could broaden the customer base for some of these applications by removing the complexity from buying crypto.”
December 13, 2022
On the web
Is Apple About to Eat PayPal’s Lunch?
The Motley Fool
“The next time you’re out shopping, don’t be surprised if you see the person checking out in front of you using their iPhone to pay instead of a credit card. Apple’s (AAPL 1.64%) payment service, Apple Pay, saw a 52% year-over-year increase in adoption during November, according to data from Salesforce cited by Deutsche Bank analyst Bryan Keane. That was across both in-store proximity payments and online payments made through Apple devices. That’s bad news for PayPal Holdings (PYPL 0.31%) and other, more established, digital wallet services. Apple is rapidly taking market share, and its fintech aspirations could stymie the growth of its rivals. While the number of Apple Pay users was soaring, usage of PayPal and regular credit cards declined in November. While both of those methods have much larger user bases than Apple Pay for online and in-store transactions, respectively, this result signals that users are dropping older payment methods in favor of Apple Pay. That said, PayPal is still the one to beat in online payments. Consumers used it for 16% of all e-commerce purchases. Apple Pay is far behind, used for just 5% of purchases.”
November 10, 2022
On the web
PayPal and Apple to Accept Each Other’s Payment Products
Finextra Research
“PayPal and Apple have struck a deal to start accepting each other’s payments products within their separate ecosystems. The pair have agreed to let US merchants accept contactless payments on their iPhones – using Apple’s new Tap to Pay technology – through the PayPal and Venmo iOS apps.Meanwhile, Apple Pay will be added as an option in PayPal’s unbranded checkout flows on merchant platforms.”
October 24, 2022
On the web
PayPal Introduces More Secure Payments with Passkeys
PR Newswire
“Today, PayPal announced it is adding passkeys as an easy and secure log in method for PayPal accounts. Passkeys are a new industry standard created by the FIDO Alliance and the World Wide Web Consortium that replace passwords with cryptographic key pairs, offering customers a simple and secure way to log in to PayPal based on technology that is resistant to phishing and designed so that there is no shared passkey data between platforms. The new PayPal log in option will first be available to iPhone, iPad, or Mac users on PayPal.com and will expand to additional platforms as those platforms add support for passkeys. A founding member of the FIDO Alliance, PayPal is one of the first financial services companies to make passkeys widely available to its users. This cutting-edge security standard is significant as passkeys address one of the biggest security problems on the web, which is the weakness of password authentication. Over 2.6 billion records were hacked in 2017 and of these hacks, 81% are estimated to have been caused by password stealing and guessing1. Many consumers recycle passwords across online services, which can not only be cumbersome but can also lead consumers to reuse the same, potentially vulnerable passwords across services. Passkeys are designed to replace passwords for an even more seamless and secure login experience with PayPal.”
October 17, 2022
On the web
New PayPal Rewards Program Helps Consumers Save Money in Time For the Holiday Season
PayPal Newsroom
“PayPal announced the introduction of PayPal Rewards, a new unified rewards program that gives customers an easy way to shop, earn, track, save, and redeem rewards and offers all in one place – their PayPal app. PayPal Rewards connects PayPal’s merchant offers, cash back savings, and shopping products into one experience. As consumers continue to navigate high prices heading into the holiday shopping season, deals, discounts, and cash back remain top priorities, with 25% of consumers stating loyalty programs are the most important factor when deciding where to shop1.”
October 12, 2022
On the web
PayPal Deepens US In-Store Push with New Zettle Device
Insider Intelligence
“The news: PayPal rolled out the PayPal Zettle Terminal in the US after an EU launch last year, per a press release. PayPal already offers Zettle’s card reader solution in the US. Terminal is an all-in-one point-of-sale (POS) solution for small and medium-sized businesses (SMBs); It lets SMBs track stock levels and manage sales, reporting, and payments all in one place; The device’s mobility––from its handheld design to its ability to accept payments via a cellular connection––sets it up to attract small and micro-businesses, especially those like vendors at a farmers market without permanent storefronts. The opportunity: Amid a fintech downturn and other market turmoil, PayPal is focused on recentering the company back to its core business. Its three-pronged growth strategy targets its digital wallet, Braintree, and checkout, which bringing Terminal to the US can support.”
October 11, 2022
On the web
PayPal Launches its All-In-One POS Solution for Small Businesses in the U.S.
PR Newswire
“PayPal Holdings, Inc. today announced the rollout of the PayPal Zettle Terminal to small businesses in the U.S. following its launch in European markets last year. Terminal is an all-in-one point-of-sale solution that offers increased mobility in-store for small businesses. With its sleek design, Terminal is ready to go right out of the box, with no need for a second device to pair it with. Featuring a touchscreen, this digital in-store solution is easy to set up and use, offering small businesses simplicity, speed, and mobility.Terminal comes with a pre-loaded SIM card, and its combined Wi-Fi and cellular connectivity means that small businesses are no longer dependent on fixed checkout points, making the checkout completely mobile. The seller is free to complete the entire checkout process, from start to finish, wherever the customer is – on the shop floor, by the table, on the terrace, at the point of delivery, or anywhere where there’s mobile coverage. Terminal can also include an integrated barcode scanner and can be attached to a dock that has a built-in printer for on-the-spot receipt printing.”
August 25, 2022
On the web
PayPal Launches Grant Payments, Enabling Charities to Quickly Receive Funds from Grantmakers
PR Newswire
“PayPal Holdings, Inc. today in partnership with National Philanthropic Trust (NPT) and Vanguard Charitable announced Grant Payments, a new product that enables Donor-Advised Fund (DAF) sponsors, community foundations and other grantmakers to deliver grants to charities quickly and electronically via PayPal. Grant Payments will enable charities to receive grants shortly after the funds have been approved by the grantmaker. Both grantmakers and charities will have access to all available grant details, including donor information when provided, via a PayPal dashboard. Eligible and participating charities have been vetted per PayPal’s strong compliance standards.”
August 23, 2022
On the web
PayPal Joins Coinbase’s TRUST Network
Crypto Briefing
“PayPal has joined Coinbase’s TRUST Network in order to comply with the financial industry’s Travel Rule. PayPal is collaborating with Coinbase on regulatory compliance. According to a statement from Coinbase on August 22, the payments giant has joined Coinbase’s Travel Rule Universal Solution Technology (TRUST) network. With the rest of the TRUST network, PayPal will work on increasing compliance with the so-called Travel Rule required of U.S. financial institutions by the Bank Secrecy Act. This rule requires financial institutions to share information about customers when those customers make transactions over a certain amount. Coinbase’s TRUST network aims to disclose the necessary data while protecting user privacy. It will avoid using a central store of user data and ensure its members are trustworthy through a compliance and risk management solution from Exiger.”
August 5, 2022
On the web
State Farm® Gives Customers Option to Receive Claim Payouts into Their PayPal Account
State Farm®
“State Farm, the largest insurer of vehicles and homes in the US, announced today the expansion of its Digital Pay solution to include claim payouts delivered instantly into a customer’s PayPal account. Through Digital Pay, claims can be reviewed, approved, and paid digitally. Customers can choose their payout method, which can be sent to a debit card, directly to the customer’s bank account, or to digital wallets, such as PayPal. When a customer opts for a digital payout, they can receive funds into their personal account in a matter of seconds. Digital Pay is enabled by Carat from Fiserv.”
July 21, 2022
On the web
Challenges PayPal Will Be Facing in the Future
WebProNews
“Traditional payment methods are increasingly evolving into digital payment methods. PayPal is one of the leading names today in the world of digital payments and arguably, the most popular one due to its competitive PayPal fees and numerous other benefits. Paypal earned its prominence by partnering with eBay and is widely recognized by most, if not all, online vendors today. It offers several features to help companies efficiently process and manage their finances and transactions. With digitalization increasing and e-commerce booming, the demand for platforms like PayPal has also been skyrocketing. Consequently, more competitors of PayPal are entering the market. This growing market saturation will likely make PayPal face challenges in the future…”
July 13, 2022
On the web
Challenges PayPal Will Be Facing in the Future
WebProNews
“Traditional payment methods are increasingly evolving into digital payment methods. PayPal is one of the leading names today in the world of digital payments and arguably, the most popular one due to its competitive PayPal fees and numerous other benefits. Paypal earned its prominence by partnering with eBay and is widely recognized by most, if not all, online vendors today. It offers several features to help companies efficiently process and manage their finances and transactions. With digitalization increasing and e-commerce booming, the demand for platforms like PayPal has also been skyrocketing. Consequently, more competitors of PayPal are entering the market. This growing market saturation will likely make PayPal face challenges in the future.”
June 28, 2022
On the web
New PayPal Cashback Business Credit Card Launches for US Small Businesses
PR Newswire
PayPal Holdings Inc. today announced it is expanding its suite of credit offerings to include a new business credit card to better meet the everyday financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with 2% cashback on all purchases with no rewards earning caps or expiration, making it among the highest cashback rewards value available
June 22, 2022
On the web
Upcoming Changes to Goods & Services Payments on PayPal
PayPal Newsroom
“In the coming weeks, we [PayPal] will be rolling out two changes to our peer-to-peer pricing structure in the U.S., specifically for Goods & Services payments. We will be simplifying our goods & services fee structure and changing the ways U.S. business accounts can receive payments, effective for PayPal customers in the U.S. on July 28, 2022.”
June 15, 2022
On the web
PayPal Expands its ‘Pay Later’ Options With a More Flexible ‘PayPal Pay Monthly’ Service
TechCrunch
“After Apple shook up the Buy Now, Pay Later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now, pay later product to follow the 2020 launch of its “Pay in 4″ installment program. The new offering,PayPal Pay Monthly,” is designed to give customers a more flexible way to pay, the U.S. payments giant said. Instead of having to pay off purchases over a 6-week period as before, “Pay Monthly” users can break down the total cost into monthly payments over a 6 to 24-month period.”
June 14, 2022
On the web
Grubhub Teams Up with PayPal & Visa to Offer Drivers Faster & Easier Access to Payments
PR Newswire
“Grubhub, a leading food ordering and delivery marketplace, today announced the launch of Instant Cashout via Direct to Debit, which drivers can use to immediately access their earnings. The new payout option, enabled by Hyperwallet from Paypal and Visa Direct1 – Visa’s real-time2 money movement network – offers more flexible access to earnings by allowing any driver with an eligible bank debit card to deposit their accrued earnings to their eligible debit or prepaid card. Direct to Debit is powered by Hyperwallet, a payout management platform managed by PayPal, which in turn uses Visa Direct to deposit those payments to bank debit cards.”
June 13, 2022
On the web
PayPal to Enable Crypto Transfers to External Wallets
Business Today
“PayPal has enabled a feature that would allow users to send cryptocurrencies to external wallets. This function will allow the payment behemoth to work like any other crypto service platform that provides currency transfers.”
June 8, 2022
On the web
PayPal Now Allows Cryptocurrency Transfers to Other Wallets
Silicon Republic
“PayPal has announced that it will let users transfer cryptocurrencies such as bitcoin to other wallets and exchanges. The payments giant said yesterday (7 June) that the feature is available to select users in the US, with plans to roll it out to all eligible US customers in the coming weeks.”
May 26, 2022
On the web
PayPal Ventures Invests in Jetty
PayPal Newsroom
“Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures. The new funding will enable Jetty to accelerate the growth of its existing suite of products and invest in product expansion. Jetty aims to support renters and properties at every stage of the rental journey, with current product offerings, including Jetty Deposit, a security deposit alternative; Jetty Rent, a flexible rent payment program; and Jetty Protect, a modern renters insurance product. Jetty’s network of property owners and operators own and manage millions of rental units across the country.”
May 23, 2022
On the web
PayPal Looks to Embrace All Possible Crypto and Blockchain Services
Cointelegraph
“PayPal is working hard on supporting all possible digital services, including digital currencies and central bank digital currencies (CBDC), vice president Richard Nash said in an exclusive statement to Cointelegraph at the World Economic Forum on May 23…The firm is reportedly also considering launching its own stablecoin named PayPal Coin.”
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