PayPal is updating its User Agreement effective July 9, 2019. The company highlighted several changes in three categories (buyers, sellers, and sellers with PayPal Website Payments Pro and Virtual Terminal Agreements). The change that looks to be of greatest interest Read more
eBay is losing its Chief Technology Officer in 2 days, it announced in a filing with the SEC on Wednesday. (See update below.) “On May 15, 2019, eBay Inc. announced that Steve Fisher, Senior Vice President, Chief Technology Officer, is Read more
PayPal invested in Happy Returns, a company that helps retailers manage their returns. PayPal’s participation in the $11 million financing round shows the magnitude of the challenge in dealing with returns, especially for online merchants. Happy Returns offers an easy Read more
PayPal grew revenue 12% in the first three months of 2019 (Q1) to $4.13 billion, it announced on Wednesday, and it grew total payment volume (TPV) by 22%, or 25% on an FX-neutral basis, to $161 billion. PayPal CEO Dan Read more
eBay announced it will expand Managed Payments to Germany. According to the terms of its operating agreement with PayPal following the 2015 separation, eBay is allowed to expand its own payments processing to a second market in July. eBay said Read more
Announced in March, eBay’s Managed Payments integration with Google Pay is completed. That means buyers can now pay for purchases from US-based sellers who are opted in to eBay’s own payment processing system. Google Pay will now automatically show up Read more
Mercari’s payments subsidiary Merpay has entered into an alliance with another payment service with the goal of promoting a “cashless society,” beginning in Japan. Mercari Inc. established Merpay Inc. in November 2017 as a fully-owned subsidiary, and in February 2019, Read more
If you’re due to get a tax refund this year, would you prefer it be sent directly to your PayPal account? That’s an option for US taxpayers if you have a PayPal Cash Card. Business owners can also now use Read more
eBay is adding Google Pay to Managed Payments, which is currently optional for sellers as the marketplace transitions away from PayPal powering its payment processing. eBay already offers Apple Pay for mobile payments through Managed Payments. While eventually Managed Payments Read more
Amazon is making it easier for US merchants to accept its payments solution off-Amazon thanks to a deal with Worldpay, which announced Wednesday it is the first acquirer enabling Amazon Pay for its merchants. Worldpay promised benefits for merchants, including Read more
