Ecommerce Industry News
It can be inconvenient if you want to send money from your PayPal account to someone who uses a different digital payment app. Visa is looking to become a sort of middleman and solve for […]
PayPal sent emails to users this week informing them of “capability and feature updates,” but the emails were customized depending on which services the recipients used. PayPal wrote, “We want to make you aware of […]
PayPal announced new features for sellers who use its services that are designed to enhance payment acceptance on their online stores. A spokesperson told EcommerceBytes, “With one integration, small businesses will get access to these […]
Two PayPal customers sued the company for negligence over a December data breach that the company reported in January. The plaintiffs allege that PayPal failed to comply with FTC guidelines and failed to comply with […]
Dan Schulman will retire from PayPal at the end of the year, but he will remain on the company’s board of directors, PayPal announced on Thursday. Schulman said it had been a huge privilege to […]
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 […]