“PayPal (NASDAQ: PYPL), today announced it is delivering more ways to help retailers manage returns by enabling merchants who offer PayPal Checkout to use the Happy Returns return and exchange portal software at no additional cost1. Additionally, the company has partnered with Ulta Beauty which increases the total number of Happy Returns Return Bar locations to more than 5,000. As online shopping has continued to accelerate during Covid, average return rates have increased to more than 20%, making it more important than ever for merchants to manage their post-purchase processes more effectively.”

“As a global leader in commerce and payments with bold ambitions for shaping how blockchain, crypto, digital currencies will provide increased access to financial services in the near term, we believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges. To support not only our current and future products in the space but our broader mission of leading the way towards a more affordable, efficient and inclusive digital financial system, we have established a cross-disciplinary advisory council on Blockchain, Crypto and Digital Currencies (BCDC) comprised of some of the world’s leading experts in cryptography, distributed technology, regulation, economics, and capital markets.”

“PayPal Holdings Inc. said it closed 4.5 million accounts and lowered its forecast for new customers after finding “bad actors” were taking advantage of its incentives and rewards programs. Shares of the company fell by the most on record. The payments giant, which is also overhauling its marketing strategy, said it no longer expects to achieve 750 million active accounts by 2025, abandoning a goal that contributed to a jump in spending last year on sales campaigns.”

“PayPal is expanding its ‘Pay later’ offer in Germany. This week, it has announced the launch of its new payment option ‘Payment after 30 days’. Customers can select the new option for purchases up to 1.000 euros and pay for it after 30 days without additional costs.”

“PayPal Holdings Inc. , a popular digital payment platform, violated racketeering laws by freezing customer money and refusing to provide an explanation for the move, three account holders alleged in a federal lawsuit. PayPal, which has an estimated 325 million account holders worldwide, put a hold of as long as six months on funds for alleged violations of its 65-page user agreement, according to the complaint filed Thursday in California.”

“PayPal Holdings Inc.’s directors and top executives misled investors about compliance problems that sparked a CFPB probe into the company’s marketing of credit products to students and other consumers, a new shareholder suit says. The leaders of the San Jose, Calif.-based company “failed to disclose compliance issues” with its PayPal Credit product in SEC filings between February 2017 and July 2021, shareholder Shang Pang said in a complaint filed Thursday in the U.S. District Court for the Northern District of California. The defendants, including PayPal President and Chief Executive Officer Daniel Schulman, touted compliance with a 2015 Consumer Financial Protection …”

“PayPal CEO Dan Schulman told CNBC’s Jim Cramer on Tuesday that use of the company’s buy now, pay later option surged on Black Friday. In an interview on “Mad Money,” Schulman said PayPal’s installment payment service is “one of the stars, actually, of the holiday season for us.”   “During Black Friday, our volume on buy now, pay later was up almost 400% year over year. We did some 750,000 transactions alone in one day on Black Friday,” Schulman said, referring to the day after Thanksgiving that’s a key part of the holiday shopping season.”

“After much speculation and several false starts, popular online payment system PayPal is said to be launched in Bangladesh by December, at the end of this year. Salman F Rahman, private industry and investment adviser to the prime minister, mentioned this to reporters during his visit to a Walton factory at Chandra in Gazipur on Saturday. A Walton official, however, clarified to Dhaka Tribune that Walton was not involved with PayPal and its Bangladesh operations in any way.”

“Honey, today, announced the introduction of cash back through PayPal, a new option for US users to redeem Honey Gold reward points earned while shopping online. Users who link their Honey and eligible PayPal accounts will be able to redeem Gold points for cash through PayPal, providing more choices to save and spend how they want.”

“PayPal is introducing new fees for payments between businesses in the UK and those in Europe, from November. British businesses will be charged a 1.29% fee for payments from the European Economic Area and vice versa. Most currently pay about 0.5% in similar charges, which have remained unchanged since before the UK left the EU customs union and single market. PayPal said it was now incurring extra costs, such as the rise in interchange fees between the UK and EEA. European rules capping credit and debit card interchange fees at 0.2% and 0.3% no longer apply to UK businesses. And both Visa and Mastercard have announced they will raise them fivefold from mid-October.”

“PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard in four new European countries – Belgium, Finland, the Netherlands, and Portugal. This is in addition to Austria, France, Germany, Ireland, Italy, Spain, the United Kingdom and United States where the PayPal Business Debit Mastercard is currently available.”

“PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans, and public details around a new executive hire.”

“PayPal is aggressively adding new features for merchants, like in-store services, to shore up profits as its historic online marketplace partner, EBay, breaks away from the tie. PayPal has known for years that EBay planned to break away, and now the divorce is finally happening…While the company’s business of offering online payment services to merchants continues to benefit from online shopping triggered by the COVID-19 pandemic, PayPal executives are focused on rolling out new in-store products to complement their digital services. The company recently introduced its Zettle point-of-sale system in the U.S. market to that end. “

“In a major push for the in-store point-of-sale market, PayPal said Wednesday that it’s launching its Zettle POS system in the US two years after acquiring the Swedish fintech company for $2.2 billion . PayPal is known primarily as provider of online payment services, as well as for its Venmo and Braintree product portfolio. With Zettle, PayPal will now be able to serve in-store small businesses in the US with a complete point-of-sale system and Zettle’s new POS reader.”

“We are making changes to our published rates in the United States to better align our pricing with the value that our products and services provide. Our goal is to be transparent and upfront with our customers about the changes. These rates will apply to a portion of our merchant customers in the U.S. beginning August 2, 2021. We began notifying some customers today, and you can find a notice on our Policy Updates page … Why are we making this change? As PayPal has been evolving our business alongside our merchant business partners, we have accelerated the rollout of products, features, and capabilities, delivering more benefits than ever before. With this, PayPal has become more than just a button or payment processor to be a full commerce platform capable of driving growth for businesses of all sizes online or in person.”

“Arkose Labs , provider of online fraud and abuse prevention technology, today announced a collaboration with PayPal to prevent security threats and fight fraud on its Honey shopping and rewards platform. Honey by PayPal is a suite of free tools to help people save time and money when shopping online. From notifying shoppers when a price drops on select items, to helping them find the lowest price, Honey provides shoppers with the information that they need to shop with confidence. Honey has helped millions of people find more than $1 billion in savings in the past year.”

“PayPal Holdings Inc. is eyeing life beyond the checkout button. In the coming months, the firm is planning to debut a bevy of new services, which could include high-yield savings accounts, check-cashing services and stock-investing capabilities. It’s all being done in the hopes of PayPal becoming the world’s next “super app,” akin to China’s Alipay or WeChat, India’s Paytm or Singapore’s Grab. The stakes are high: If PayPal pulls it off, the company could become a bigger part of U.S. consumers’ lives than Amazon, Google or Facebook. But, in the U.S., there is no shortage of banking giants and technology firms that have tried and failed to accomplish what PayPal wants to do.”

“The company saw a record $285 billion in total payments volume, or the value of activity occurring on its platform. Analysts surveyed by FactSet were modeling TPV of $264.7 billion. With the first-quarter performance, PayPal’s TPV on a trailing-12-month basis topped $1 trillion for the first time. The company added 14.5 million net new active accounts overall. PayPal saw 4.4 billion transactions in the quarter and 42.2 transactions per active account on a trailing-12-month basis. The number of daily active accounts for the core PayPal product rose 33%. Schulman said that newer services are helping to drive increased engagement. About half of customers who’ve tried PayPal’s buy-now-pay-later service used the feature again within three months, with that number rising to 70% over six months.”

“The fintech giant had a record year as the pandemic drove shoppers from stores. Instead, they bought groceries, movies and underwear on their phones and computers. PayPal does business in more than 200 countries and deals in more than 100 currencies. It did a staggering amount of business last year, processing transactions at a rate of 1,000 per second during the peak holiday shopping season. In total, PayPal processed 15.4 billion payments, with a value of $936 billion last year.”