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25 May, 2022
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Category: Payments

PayPal Users Will Pay Higher Fees for Quick Cash

May 15, 2022 Ina Steiner
PayPal

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 […]

1 CommentNews, PaymentsPayPal, PayPal fees, PayPal Instant Transfer

eBay Adds Payout Options in Managed Payments

March 16, 2022 Ina Steiner
eBay

eBay offers new payout options for Managed Payments, it officially announced on Wednesday. Payouts are how eBay sellers retrieve their funds from their sales earnings. In addition to the existing daily and weekly payout schedule […]

1 CommentMarketplaces, News, PaymentseBay, eBay managed payments, eBay payouts

eBay to Allow Wire Transfers for Certain Payments

March 11, 2022 Ina Steiner
eBay

eBay will soon allow buyers to make wire transfers to pay for certain types of goods, according to the company’s Chief Growth Officer Julie Loeger. The news came during her presentation to investors and Wall […]

Marketplaces, News, PaymentsAfterpay, eBay investor Day, eBay managed payments, eBay payment options, eBay wire transfers, Klarna

Holy Grail of Information about eBay 1099Ks

February 18, 2022February 18, 2022 Ina Steiner
eBay

Does eBay include sales tax in the information it gives to the IRS on Form 1099K? eBay now touches all money paid by buyers now instead of PayPal, which used to handle payment processing on […]

5 CommentsNews, PaymentseBay, eBay 1099Ks, Form 1099-K, Manish Belsare

GoDaddy Simplifies Payments for In-Person Transactions

February 17, 2022 Ina Steiner
GoDaddy

GoDaddy simplified payments for sellers who conduct transactions in person, a growing phenomenon due to the popularity of sites like Facebook Marketplace. Now, sellers who display their wares at flea markets, farmers markets, and the […]

1 CommentNews, PaymentsGoDaddy, GoDaddy payments, POS, QR codes

The Cryptocurrency Initiative Funded by Facebook Is No More

January 31, 2022January 31, 2022 Ina Steiner
Libra

Remember when it looked like Facebook would help control the flow of cryptocurrency around the world? Facebook launched the Libra/Diem cryptocurrency initiative in June 2019 to great fanfare, but today, its assets were sold to […]

News, PaymentsChristian Catalini, cryptocurrency initiative, Diem, Facebook cryptocurrency, Libra, Silvergate Capital, Stuart Levey

Facebook Payments Loses Another Executive

December 20, 2021December 20, 2021 Ina Steiner
Facebook

Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three […]

News, PaymentsCryptocurrency, David Marcus, Facebook Payments, Libra, Meta, Novi, Tomer Barel

Head of Facebook Payments Steps Down

November 30, 2021November 30, 2021 Ina Steiner
Facebook

The head of Facebook payments is stepping down after 7 years. David Marcus announced the news in a post on a different social networking site – LinkedIn. Marcus had founded Zong and joined PayPal in […]

News, PaymentsDavid Marcus, Facebook, Facebook Payments, Meta, Novi, PayPal

Amazon Will Accept Venmo in a Major Win for PayPal

November 9, 2021November 9, 2021 Ina Steiner
PayPal

When eBay decided to take over payment-processing from PayPal, the latter made the best of the rejection by claiming it would become free to expand its payment services on other platforms. On Monday, PayPal was […]

Marketplaces, News, PaymentsAmazon, Amazon Checkout, Dan Schulman, eBay, PayPal, Venmo

PayPal to Give Away $20 Million in Holiday Sweepstakes

November 2, 2021November 2, 2021 Ina Steiner
PayPal

PayPal is giving away $20 million in a holiday sweepstakes to encourage people to pay for items using its payment service. The PayPal Holiday Sweepstakes comes amid the holiday shopping season, but the holiday-messaging was […]

News, PaymentsHoliday Shopping, PayPal, PayPal sweepstakes

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