You may have known that online marketplace Bonanza accepts PayPal (and has for many years), but you may not have realized that PayPal conducts marketing email campaigns for Bonanza, which is a rival of PayPal’s former parent, eBay. The subject Read more
It would seem eBay sellers can breathe a sigh of relief over a new PayPal policy regarding seller transparency. PayPal updated its user agreement, and one provision going into effect on March 12 requires sellers to publish customer service information: Read more
BigCommerce launched a suite of multi-currency features to help merchants “natively” present, transact and settle in more than 100 currencies, stating that it strengthens the ability to sell cross-border to shoppers around the globe. The ecommerce platform explained that it Read more
PayPal grew revenue 18% year-over-year in the fourth quarter of 2019 (foreign currency-neutral), it announced on Wednesday. The number of payment transactions in the quarter – 3.5 billion – was up 21% year over year. Merchant Services volume grew 26%. Read more
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 acceptance globally where PayPal is Read more
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. Over $1 billion of that Read more
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 user sets up a Venmo Read more
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 a bank account is changing Read more
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 Notification: Express Checkout and Direct Read more
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 on Monday, stating in part Read more
