Ecommerce Industry News
PayPal made more inroads in China, announcing on Wednesday a partnership with UnionPay International. The companies said they will work together to accelerate the growth of their mutual networks. PayPal has committed to supporting UPI […]
Two big do-good announcements came from PayPal this week – it’s helping charities and fighting crime. On Thursday, PayPal announced it processed a record $10.3 billion in donations to charities around the world in 2019. […]
Visa will pay $5.3 billion for Plaid, a service that helps people connect their financial accounts to financial apps. Visa gave an example of the role Plaid plays in linking accounts to apps: “when a […]
Square is imposing new fees for merchants who transfer funds to their bank account, it announced on Tuesday. Beginning on February 7, 2020, the rate for instant and same-day transfers from a Square balance to […]
PayPal issued an alert that it’s experiencing technical issues impacting Express Checkout and Direct Credit Card processing. The incident began at 9:30 am Eastern, and the company issued the following notification at 10:26 am: Initial […]
PayPal expanded its international reach through a new agreement with MercadoLibre, one of the largest online commerce and payments ecosystems in Latin America. PayPal CEO Dan Schulman made the announcement in a post on LinkedIn […]
Departing PayPal executive Bill Ready confirmed via Twitter he’s heading to Google as its new President of Commerce. Indications of what this means for Google can be found on his LinkedIn bio, where he states […]
Almost a quarter (24%) of British businesses allow customers to make transactions through their social media channels, according to PayPal, which says that number will double over the next 6 months. That means shoppers will […]
PayPal will acquire a developer of shopping tools for $4 billion. Honey Science Corporation describes itself as a tech company that builds tools to help people save time and money when shopping online. In its […]
Facebook Pay will let users pay for purchases from select Pages and businesses on Facebook Marketplace, the company announced today. People can already shop, donate, and send money to each other, but “Facebook Pay will […]