The financial press are saying Square has plans to go public. In writing about the reports, the Wall Street Journal cited “a person familiar with the matter” who said Square has already filed its prospectus confidentially. The move calls to mind PayPal. Read more
While eBay had a lot of explaining to do in the media on Monday about its future direction following its breakup, PayPal appeared to be giddy with excitement about what it called its next chapter. And, it seems, with good Read more
Amazon raised rates of its payment services on July 1st, meaning higher costs for some ecommerce customers – and if chargebacks weren’t already a pet peeve, now they’ve become quite costly for merchants using Amazon Payments. Amazon is also trying Read more
Iconic credit card issuer American Express once asked the public, “What’s in your wallet?” Now that the company has launched an online payment service called Amex Express Checkout, they’re perfectly fine with people leaving those wallets at home. What American Read more
eBay sellers are asking, who is Richard Brezovec after his name began showing up on their PayPal statements on Wednesday. “My shipping labels are showing payment to this person’s name! What the heck,” a seller wroteon the eBay forums. Other sellers Read more
PayPal announced Wednesday it will acquire Xoom Corporation, an international money transfer service that lets U.S. customers send money abroad. PayPal will pay $25 per share in cash, or an approximate $890 million enterprise value – 32% higher than Xoom’s Read more
PayPal apologized to users over its so-called “robocall” policy on Monday and said it was updating its User Agreement. The provision gave PayPal the right to robocall or robo-text users at for any reason, from debt collecting to advertisements to Read more
eBay announced on Friday that the separation with PayPal will be completed by July 17th, and over the weekend, PayPal sent an email to customers to let them know what they could expect after it becomes an independent company, and Read more
PayPal used to offer 1.5% cashback on the PayPal Debit Card, and those who were grandfathered in after it lowered the rate to 1% got bad news this week. As of July 1st, all users will receive the lower rate. Read more
A change in PayPal’s terms of service is drawing ire from some consumers, according to the St. Louis Post-Dispatch. The problem stems from a new provision in which PayPal gives itself the right to, in the words of the newspaper, “robocall Read more
