From the Editor – November 10, 2019
John Donahoe stepped down as CEO of eBay in July of 2015 and got a gig at ServiceNow, an enterprise cloud company. Last month came the surprising news that he is taking over the top […]
Tag: PayPal
PayPal Launches Small-Business Loans in Canada
PayPal launched its small-business lending program in Canada, it announced on Monday. “This will enable small business owners to easily access loans of $5,000 to $100,000 at competitive prices,” it stated. It’s inviting a subset […]
PayPal Pulls out of Facebook Crypto Currency
PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an […]
PayPal to Enter China with Stake in Gopay
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is […]
PayPal Clarifies New Refund Policy When It Comes to Voids
PayPal added some clarity to its new refund policy that goes into effect next month that will prove costly to sellers. As we reported on the EcommerceBytes Blog on Wednesday, PayPal will no longer credit […]
PayPal Works on Summer Delayed-Settlement Glitch
PayPal issued an informational report on Friday titled “Delayed settlement recovery” notifying customers that between June 11 and August 23, 2019, there had been a payment processing delay that affected certain transactions. Merchants who were […]
PayPal Charges More by Raising Currency Conversion Spread
PayPay will charge more money on transactions involving currency conversion. Effective September 3, 2019, the currency conversion spread will rise to 3.75% for transactions that involve a PayPal currency conversion when paying for goods or […]
PayPal Offers Easier Invoicing on Ecommerce and Crowdsourcing Platforms
PayPal wants platforms to offer its payments solution, and this week it announced the PayPal Invoicing API that can be integrated into ecommerce solution providers, marketplaces, and crowdsourcing platforms. The API allows the end user […]
PayPal Expands Xoom Remittance Service in Europe
PayPal expanded its international money transfer service Xoom to 32 markets across Europe, it announced on Monday. Note that Xoom is not for ecommerce, in fact, using Xoom for commercial purposes is prohibited. (See the […]
PayPal to Lose a Steady Hand with Year-end Departure
The word innovation gets thrown around a lot by tech companies, and sometimes it seems decisions are made just for the sake of innovation rather than to pursue realistic opportunities. But PayPal’s Chief Operating Officer […]