Ecommerce Industry News
PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and […]
Accounts of over 34,000 PayPal customers were breached through a “credential stuffing” attack, Bleeping Computer reported on Thursday. A PayPal spokesperson confirmed the report. Bleeping Computer explained, “Credential stuffing are attacks where hackers attempt to […]
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 […]
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, […]
eBay is closing its marketplace platform in Turkey, losing 4 million active buyers as a result. It comes 15 years after eBay’s initial investment in GittiGidiyor, and 3 months after Amazon announced it would build […]
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. […]
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 […]
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 […]
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 […]