Ecommerce Industry News
Last month, eBay said it was not launching a cryptocurrency (“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”). Today, it signaled its […]
The value of currency is its wide acceptance, and the same is true of virtual currency. That helps explain why so many prominent technology and financial services firms are joining together to launch a new […]
PayPal launched a commerce platform today, but it isn’t competing with eBay (or other marketplaces). Rather, it’s a solution for marketplaces, ecommerce solution providers, and crowdfunding platforms, including Facebook Marketplace and BigCommerce. What’s new is […]
At the same time PayPal was heralding a milestone in lending to small businesses, it was drumming up more business through an email marketing campaign. In a blog post on Wednesday, it announced, “More than […]
Amazon Pay will be speaking about payment innovations at several events next month. Amazon Pay Vice President Patrick Gauthier will be speaking at Money 20/20 Europe in a session titled, “Delivering for the connected consumer […]
eBay recently denied it was planning to launch virtual currency, but Facebook seems increasingly likely to do so. The BBC reported that Facebook had met with the Bank of England on plans to set up […]
PayPal is updating its User Agreement effective July 9, 2019. The company highlighted several changes in three categories (buyers, sellers, and sellers with PayPal Website Payments Pro and Virtual Terminal Agreements). The change that looks […]
eBay is losing its Chief Technology Officer in 2 days, it announced in a filing with the SEC on Wednesday. (See update below.) “On May 15, 2019, eBay Inc. announced that Steve Fisher, Senior Vice […]
PayPal invested in Happy Returns, a company that helps retailers manage their returns. PayPal’s participation in the $11 million financing round shows the magnitude of the challenge in dealing with returns, especially for online merchants. […]
PayPal grew revenue 12% in the first three months of 2019 (Q1) to $4.13 billion, it announced on Wednesday, and it grew total payment volume (TPV) by 22%, or 25% on an FX-neutral basis, to […]