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Category: Payments

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 […]

Leave a commentNews, 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

Sellers Get Up to Speed on eBay Spendable Funds Feature

November 9, 2022November 9, 2022 Ina Steiner
eBay

When a seller received a message telling them they had $12.33 to shop on eBay, they thought it might be part of a rewards program from eBay. Other sellers quickly disabused the seller of that […]

Marketplaces, News, PaymentseBay, eBay Spendable Funds, Two-step verification

Visa Provides Faster Payouts and Tipping for Content Creators

October 14, 2022 Ina Steiner
Visa

Visa launched a new solution designed to help content creators get faster access to their funds and accept donations and tips from their audiences. The Visa Ready Creator Commerce program is a solution for platforms […]

News, PaymentsContent creators, Payments, Visa, Visa Ready, Visa Ready Creator Commerce

Etsy Sellers Lose Their Collective Minds over Plaid Verification Error

September 21, 2022 Ina Steiner
Etsy

Sellers who had just suffered waves of anxiety over a new verification requirement got a shock today when Etsy notified them their accounts were not verified and discovered they were unable to activate a button […]

7 CommentsMarketplaces, News, PaymentsEtsy, Etsy glitch, Etsy verification, Plaid

A 1099-K Notification from PayPal Alerts Seller to Unanticipated Problem

September 21, 2022 Ina Steiner
PayPal

In what seemed like a routine email titled, “View updates to your PayPal account,” PayPal informed an online seller he had passed the threshold for reporting payments to the IRS, notifying him that according to […]

4 CommentsNews, Payments, Tax and Legal Issues1099-K thresholds, 1099K, Form 1099-K, IRS, PayPal

Etsy Falls Short of Addressing Seller Security Concerns

August 26, 2022 Ina Steiner
Etsy

Etsy finally issued an announcement that it is requiring all US sellers to verify their bank-account information, regardless of how long ago they set up their account. The announcement came a day after sellers began […]

3 CommentsMarketplaces, News, Paymentsanti money laundering rules, Etsy, Plaid

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