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Category: Payments

Run on Silicon Valley Bank Impacts Operations at Tech Firms

March 10, 2023March 13, 2023 Ina Steiner
Silicon Valley Bank

Founders of startup companies turned to Silicon Valley Bank (SVB) for loans, and tech firms used SVB accounts to manage their operations. Some founders and executives even used it for their personal banking and estate […]

1 CommentNews, PaymentsEtsy, FDIC receivership, Roku, Run on bank, Ryan Gilbert, Silicon Valley Bank, SVB

Stripe Hikes International Payment Fees; No More $15 Dispute-Fee Refunds

March 8, 2023March 8, 2023 Ina Steiner
Stripe payments

Sellers who process payments using Stripe will see higher costs beginning in June. In an email sent to customers on March 8, 2023, Stripe said it would raise the additional fee it charges for for […]

1 CommentNews, PaymentsStripe, Stripe fees

PayPal Sued for Negligence over December Data Breach, Invests in Cybersecurity Firm

March 7, 2023March 7, 2023 Ina Steiner
PayPal

Two PayPal customers sued the company for negligence over a December data breach that the company reported in January. The plaintiffs allege that PayPal failed to comply with FTC guidelines and failed to comply with […]

1 CommentNews, Payments, Security and Fraud Issuescredential stuffing, cybersecurity, Data Breach, Deep Instinct, PayPal, PayPal lawsuit, PayPal Ventures

Payable Domains Let Online Sellers Ditch the Cart

February 23, 2023March 3, 2023 Ina Steiner
GoDaddy

GoDaddy launched a new service called Payable Domains that allows small businesses to accept payments just by registering their company’s domain name. A spokesperson for the company told EcommerceBytes GoDaddy was the first company to […]

2 CommentsNews, PaymentsGoDaddy, GoDaddy payments, Payable Domains

PayPal CEO Dan Schulman to Retire at the End of the Year

February 9, 2023February 9, 2023 Ina Steiner
Dan Schulman

Dan Schulman will retire from PayPal at the end of the year, but he will remain on the company’s board of directors, PayPal announced on Thursday. Schulman said it had been a huge privilege to […]

News, PaymentsDan Schulman, John Donahoe, PayPal

PayPal to Layoff 7 Percent of Its Workforce

January 31, 2023January 31, 2023 Ina Steiner
PayPal

PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and […]

News, PaymentsDan Schulman, Elliott Management, Layoffs, Payments, PayPal, PayPal layoffs

PayPal Confirms Over 34,000 Customer Accounts Were Breached

January 19, 2023 Ina Steiner
PayPal

Accounts of over 34,000 PayPal customers were breached through a “credential stuffing” attack, Bleeping Computer reported on Thursday. A PayPal spokesperson confirmed the report. Bleeping Computer explained, “Credential stuffing are attacks where hackers attempt to […]

1 CommentNews, PaymentsHacking incident, PayPal, PayPal account breach

Sellers Can Add Amazon Payments and Reviews to Their Own Sites

January 11, 2023January 11, 2023 Ina Steiner
Amazon

Amazon is making its ‘Buy with Prime’ payments offering available to all US sellers by January 31st, saying in an announcement this week that offering the service can boost conversion rates for merchants by an […]

1 CommentMarketplaces, News, PaymentsAmazon, Amazon Buy with Prime, Amazon Payments, BigCommerce, Doug Herrington

PayPal Runs $5K SleighPal Holiday Promotion on Social Media

December 2, 2022December 2, 2022 Ina Steiner
PayPal

PayPal is giving away $5,000 in a holiday promotion on social media over the course of four days this month. The SleighPal Giveaway encourages people to promote PayPal via Instagram and Twitter for a chance […]

1 CommentNews, PaymentsPayPal promotion, PayPal SleighPal promotion, PayPal sweepstakes

Etsy’s Depop Marketplaces Raises Seller Payment-Processing Fees

November 30, 2022November 30, 2022 Ina Steiner
Depop

It will cost more to sell on Etsy’s Depop fashion resale marketplace in January when it raises payment-processing fees. Depop blamed it on credit card companies increasing the fees they charge Depop to process transactions. […]

Marketplaces, News, PaymentsDepop, Depop fees, Depop Payments, Etsy, Kruti Patel Goyal

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