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12 Jan, 2024
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Category: Payments

Sellers Get Up to Speed on eBay Spendable Funds Feature

November 9, 2022November 9, 2022 Ina Steiner
eBay

When a seller received a message telling them they had $12.33 to shop on eBay, they thought it might be part of a rewards program from eBay. Other sellers quickly disabused the seller of that […]

Marketplaces, News, PaymentseBay, eBay Spendable Funds, Two-step verification

Visa Provides Faster Payouts and Tipping for Content Creators

October 14, 2022 Ina Steiner
Visa

Visa launched a new solution designed to help content creators get faster access to their funds and accept donations and tips from their audiences. The Visa Ready Creator Commerce program is a solution for platforms […]

News, PaymentsContent creators, Payments, Visa, Visa Ready, Visa Ready Creator Commerce

Etsy Sellers Lose Their Collective Minds over Plaid Verification Error

September 21, 2022 Ina Steiner
Etsy

Sellers who had just suffered waves of anxiety over a new verification requirement got a shock today when Etsy notified them their accounts were not verified and discovered they were unable to activate a button […]

7 CommentsMarketplaces, News, PaymentsEtsy, Etsy glitch, Etsy verification, Plaid

A 1099-K Notification from PayPal Alerts Seller to Unanticipated Problem

September 21, 2022 Ina Steiner
PayPal

In what seemed like a routine email titled, “View updates to your PayPal account,” PayPal informed an online seller he had passed the threshold for reporting payments to the IRS, notifying him that according to […]

4 CommentsNews, Payments, Tax and Legal Issues1099-K thresholds, 1099K, Form 1099-K, IRS, PayPal

Etsy Falls Short of Addressing Seller Security Concerns

August 26, 2022 Ina Steiner
Etsy

Etsy finally issued an announcement that it is requiring all US sellers to verify their bank-account information, regardless of how long ago they set up their account. The announcement came a day after sellers began […]

3 CommentsMarketplaces, News, Paymentsanti money laundering rules, Etsy, Plaid

The Irony of PayPal’s Arbitration Opt-Out Clause

June 29, 2022June 29, 2022 Ina Steiner
PayPal

Three customers filed a class action lawsuit alleging PayPal violated racketeering laws (RICO) over its payment holds practices, but a judge recently sent the case to arbitration, according to an article in Bloomberg. Many companies, […]

1 CommentNews, PaymentsArbitration, PayPal, PayPal lawsuit, PayPal User Agreement

PayPal Offers Shoppers a New Monthly Installment Payment Option

June 15, 2022June 15, 2022 Ina Steiner
PayPal

PayPal introduced a new option for shoppers that allows them to defer payment for their purchases and pay in monthly installments, although buyers will want to pay attention to the cost of using the service. […]

News, PaymentsBuy Now Pay Later, PayPal, PayPal Pay Monthly

PayPal Gets Deeper into Cryptocurrency

June 10, 2022June 10, 2022 Ina Steiner
PayPal

PayPal added a feature that let its customers fund purchases with cryptocurrency last year, and now it’s giving them more features to move their crypto around. It’s able to offer the expanded capabilities thanks to […]

News, PaymentsCryptocurrency, PayPal, PayPal Checkout with Crypto

PayPal Users Will Pay Higher Fees for Quick Cash

May 15, 2022 Ina Steiner
PayPal

Sellers in a hurry to access money stored in their PayPal accounts will pay higher fees to use its Instant Transfer service beginning next month. However, sellers who can wait 1-3 business days to transfer […]

1 CommentNews, PaymentsPayPal, PayPal fees, PayPal Instant Transfer

eBay Adds Payout Options in Managed Payments

March 16, 2022 Ina Steiner
eBay

eBay offers new payout options for Managed Payments, it officially announced on Wednesday. Payouts are how eBay sellers retrieve their funds from their sales earnings. In addition to the existing daily and weekly payout schedule […]

1 CommentMarketplaces, News, PaymentseBay, eBay managed payments, eBay payouts

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