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 has big plans for helping merchants worldwide and shared its vision at a media event on Thursday. The news coming out of its “Commerce: Rewired” event includes a new partnership with ecommerce platform Bigcommerce and with Chinese financial firm Read more
Sellers are caught in the middle of two companies, Etsy and PayPal, and have said they’ve gotten few answers over missing funds. EcommerceBytes has been following the problem since May 12th and has also received cryptic answers from the two Read more
PayPal had never achieved a profitable quarter when it began trading on the NASDAQ stock exchange in February 2002. It reported a profit for the first time that quarter (Q1 2002), when it earned $48.8 million in revenue – up Read more
eBay CEO John Donahoe will serve as Chairman of the Board for PayPal following the separation of the two companies, but he faces criticism in his role as director on another company’s board. The Wall Street Journal reported Thursday that two influential Read more
Etsy passed along a message from PayPal in a discussion thread about missing payments from sellers’ accounts. PayPal said the problem was resolved, but refused to disclose if the problem was on its end. For well over a week, some Read more
PayPal is continuing to make preparations for becoming an independent company once it breaks up with eBay. This week, it sent an email to its users informing them of changes to its policies. As the payments service explained in its Read more
An eBay shareholder who is also a hobby seller spoke out against its feedback system at the company’s annual meeting on Friday. In response, the president of eBay Marketplaces Devin Wenig said the company could do better and revealed it Read more
