Ecommerce Industry News
eBay will soon allow buyers to make wire transfers to pay for certain types of goods, according to the company’s Chief Growth Officer Julie Loeger. The news came during her presentation to investors and Wall […]
Does eBay include sales tax in the information it gives to the IRS on Form 1099K? eBay now touches all money paid by buyers now instead of PayPal, which used to handle payment processing on […]
GoDaddy simplified payments for sellers who conduct transactions in person, a growing phenomenon due to the popularity of sites like Facebook Marketplace. Now, sellers who display their wares at flea markets, farmers markets, and the […]
Remember when it looked like Facebook would help control the flow of cryptocurrency around the world? Facebook launched the Libra/Diem cryptocurrency initiative in June 2019 to great fanfare, but today, its assets were sold to […]
Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three […]
The head of Facebook payments is stepping down after 7 years. David Marcus announced the news in a post on a different social networking site – LinkedIn. Marcus had founded Zong and joined PayPal in […]
When eBay decided to take over payment-processing from PayPal, the latter made the best of the rejection by claiming it would become free to expand its payment services on other platforms. On Monday, PayPal was […]
PayPal is giving away $20 million in a holiday sweepstakes to encourage people to pay for items using its payment service. The PayPal Holiday Sweepstakes comes amid the holiday shopping season, but the holiday-messaging was […]
Former eBay executive David Marcus, who served as President of PayPal and landed at Facebook in 2014, announced the social media company is rebranding its payments division to Novi. The move comes at the same […]
What are online payment services up to? Not just PayPal and Square, but offerings from the likes of Amazon, Google, and Facebook? Some “tech” companies are acting more like financial institutions – such as banks […]