PayPal launched Funds Now, giving sellers instant access to payments from online sales. The timing is interesting as it comes as eBay begins rolling out managed payments, where sellers will have to wait for disbursements, with a lag of a Read more
Verizon added PayPal CEO Dan Schulman to its Board of Directors effective September 6, 2018. It’s worth noting that Verizon operates Yahoo Small Business through its Oath subsidiary, though we wouldn’t read too much into that. Rather, Verizon cited his Read more
PayPal updated its mobile app to make it easier and simpler, according to the company. Not surprisingly, PayPal said the most popular features of the app remain sending and requesting money, so it moved the Send and Receive money buttons Read more
PayPal grew revenue 23% to $3.86 billion in the second quarter of 2018, the company announced on Wednesday, growing total active accounts to 244 million, up 18%. It grew payment transactions by 28% to 2.3 billion and total payment volume Read more
PayPal invested in PPRO Group so that it can “bring the benefits of alternative payment method acceptance to even more businesses around the world.” PPRO Group calls itself a cross-border e-payment specialist. The UK-based firm explains on its website that Read more
PayPal completed its deal with Synchrony it had announced last November, selling Synchrony its consumer credit receivables. PayPal said the deal with Synchrony will help it enrich and expand its consumer credit offerings. When the deal was announced last fall, Read more
PayPal launched the new PayPal Checkout with Smart Payment Buttons offering today. It is designed to boost conversions by presenting relevant payment methods, including PayPal, Venmo, PayPal Credit. It also provides merchants with insights about their customers: Shopper Insights will Read more
PayPal is acquiring risk management platform Simility for $120 million in cash after investing in the company last year. It will help PayPal merchants avoid fraud. It is the latest in a string of acquisitions by PayPal over the past Read more
eBay and PayPal extended their consumer-credit relationship, PayPal announced on Tuesday, meaning eBay will continue to accept and promote PayPal Credit on its Marketplace platform. The two companies broke up in 2015, and eBay will begin testing its own payment Read more
PayPal is acquiring a company called Hyperwallet, which it calls “a leading global payout platform.” Or as the company says on its website, “Go global, pay local.” While it’s relatively easy to pay employees, service providers, and others in your Read more
