“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.”

“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.”

“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.”

“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…”

“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.”

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

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“Sellers in a hurry to access money stored in their PayPal accounts will pay higher fees to use its Instant Transfer service beginning next month. However, sellers who can wait 1-3 business days to transfer funds to their bank account or debit card will continue to pay no fees for Standard Bank Transfers….Two significant Instant Transfer fee changes that will roll out on June 17, 2022 include the following: – Instant Transfer fees for PayPal Consumer Accounts will go from 1.5% plus a $0.25 minimum/$15 max to 1.75% plus a $0.25 minimum and a $25 maximum. – Instant Transfer fees for PayPal Business accounts will remain at 1.5% of the transfer amount, but the $0.25 minimum fee will go to $0.50, and PayPal will remove the existing $15 maximum cap on fees.”

“PayPal Holdings, Inc. today announced the launch of Tap to Pay with Zettle by PayPal for small businesses in the UK. The new function, which will begin rolling out today, enables individual sellers and small businesses to accept contactless payments in-person directly on their Android mobile devices, with no additional hardware and no additional fees. The launch comes at a time where popularity of contactless payments continues to rise, with nearly 70%1 of debit card transactions and over half (56%) of credit card transactions now being contactless. In fact, since the raise of the contactless spend limit last October (from £45 to £100) the average contactless spend has increased by 29% per transaction, from £11.86 in September 2021 to £15.30 in December 2021.”

“The stable coin market has been doing fairly well, boasting a market cap of $166 billion and a daily trading volume of $72 billion. In January, PayPal confirmed that it has explored launching its own stable coin after a developer noticed code on its iOS app hinted at the existence of a PayPal Coin. While PayPal clarified the code was related to a recent hackathon, it would be interesting to map out the potential influence a stable coin from PayPal would have on the industry.”

“Aon plc and PayPal Holdings, Inc. today announced an initiative to help millions of PayPal’s small business customers in the U.S. access insurance simply and quickly. The unique digital insurance program will enable PayPal’s small business customers in the U.S. to shop for, purchase and manage insurance coverage through Aon’s CoverWallet solution on the PayPal Commerce Platform, online and in minutes. Customers can also obtain personalized advice and guidance from Aon’s licensed insurance advisors.”

“Consumers in Japan setting up an account with mobile payments service provider PayPay can now verify their identity by scanning the NFC chip in their driving licence and uploading a selfie. Customers were previously able to verify their identity on the PayPay Money app with their driving licence, but had to take photographs of the document and add personal information manually during the process.”

“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.”