Reports came flooding in on Friday, February 15, about Etsy taking funds from some sellers’ bank accounts and charging their credit cards for hundreds, even thousands of dollars. Etsy updated sellers on a thread on its discussion boards, and a Read more
Late last week we reported on the Etsy billing debacle in which it incorrectly withdrew funds from some sellers’ bank accounts and charged some sellers’ credit cards, despite the sellers not owing fees. The problem occurred on Friday, with some Read more
The next phase of eBay’s Managed Payments rollout will impact larger merchants. As we reported in November, eBay is turning off Integrated Merchant Credit Card Accounts (IMCC) in two phases beginning March 1, 2019 – meaning sellers will no longer Read more
Etsy posted an apology for what it called a bill payment error after some sellers reported the company took large sums of money from their credit cards and bank accounts on Friday afternoon. EcommerceBytes reported the problem on the AuctionBytes Read more
PayPal is running a new pilot program called PayPal One Touch Seller Signup that helps sellers go multichannel and helps marketplaces as well. It comes as PayPal weans itself from its dependence on eBay, which is launching its own managed Read more
PayPal is making a change to its subscription feature that allows sellers to offer recurring payments, subscriptions, automatic billing, and installment plans to their customers. PayPal announced that starting February 1st, 2019, it will be making a change to the Read more
PayPal committed to fund up to $25 million of interest-free cash advances to help federal government employees during the shutdown. PayPal is offering an interest-free cash advance up to $500 for federal employees through its PayPal Credit platform to pay Read more
PayPal hired a Chief Marketing Officer and added a new member to its board of directors. As Executive Vice President and Chief Marketing Officer, Allison Johnson will lead strategic marketing for PayPal and its family of brands around the world Read more
Alibaba debuted its Pay Later service for online sellers procuring inventory on its marketplace during the CES show last week. The service is powered by Kabbage, which kicked off the trend of offering loans and financing to online sellers nearly Read more
In a letter to employees, PayPal CEO Dan Schulman revealed his priorities for the payments firm formerly owned by eBay. Not surprisingly, mobile was at the top of the list, and Schulman also reminded employees of PayPal’s mission: “democratizing financial Read more
