The percent of shoppers using digital wallets like Apple Pay and Google Pay to make in-person purchases from small retailers has doubled in the past year to 10%. And they are increasingly using third-party payment methods like PayPal for online Read more
PayPal issued an informational report on Friday titled “Delayed settlement recovery” notifying customers that between June 11 and August 23, 2019, there had been a payment processing delay that affected certain transactions. Merchants who were impacted received payment, but the Read more
A warning for sellers: if you have or are expecting Money Orders from Canadian customers, you have until August 30th to cash them. The same is true in reverse for Canadian sellers dealing with US payments. The USPS announced it Read more
In a recent blog post marking 25 years of ecommerce, Visa noted that the first ecommerce payment was made on the Visa network on August 11, 1994. A lot has changed since then, but fraud remains alive and well on Read more
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible losers: big banks, according to Read more
eBay executive Alyssa Cutright provided an update on the managed payments program in a blog post on Friday, though there was little new reported beyond the latest usage stats: “Our new program, which expands payment options on eBay, has processed Read more
PayPay will charge more money on transactions involving currency conversion. Effective September 3, 2019, the currency conversion spread will rise to 3.75% for transactions that involve a PayPal currency conversion when paying for goods or services or sending money. The Read more
PayPal wants platforms to offer its payments solution, and this week it announced the PayPal Invoicing API that can be integrated into ecommerce solution providers, marketplaces, and crowdsourcing platforms. The API allows the end user to easily create, send, and Read more
Bonanza will soon begin allowing all sellers to accept payments through Stripe, the company announced this week. Sellers can already offer payments on Bonanza through PayPal. This week’s news comes a year after the online marketplace integrated with Stripe, though Read more
PayPal expanded its international money transfer service Xoom to 32 markets across Europe, it announced on Monday. Note that Xoom is not for ecommerce, in fact, using Xoom for commercial purposes is prohibited. (See the Protect Your Money section of Read more
