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 in a nutshell, “Creating the Read more
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 soon be able to use Read more
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 announcement, PayPal wrote, “Honey, in Read more
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 make these transactions easier while Read more
Kabbage launched a payment solution for small businesses designed to help them get paid faster. “Two-thirds of Kabbage’s more than 200,000 customers rely on invoicing to receive payments today and wait as long as 90 days to be paid,” it Read more
PayPal launched its small-business lending program in Canada, it announced on Monday. “This will enable small business owners to easily access loans of $5,000 to $100,000 at competitive prices,” it stated. It’s inviting a subset of PayPal merchants to apply, Read more
PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an independent, non-for-profit entity created to Read more
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is currently dominated by Tencent, which Read more
PayPal added some clarity to its new refund policy that goes into effect next month that will prove costly to sellers. As we reported on the EcommerceBytes Blog on Wednesday, PayPal will no longer credit fees when issuing refunds, stating Read more
Amazon is making it easier to buy with cash with the launch of Amazon PayCode in the US today. Customers who pay using Amazon PayCode have 24 hours after their order is placed to provide payment at a Western Union Read more
