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 its records, he had received Read more
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, including ecommerce services, have added Read more
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 its first fulfillment center in Read more
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 described the new offering Read more
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 receiving a full “Bitlicense” by Read more
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 funds to their bank account Read more
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 2011 when it acquired the Read more
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 vindicated with the news that Read more
PayPal is giving away $20 million in a holiday sweepstakes to encourage people to pay for items using its payment service. The PayPal Holiday Sweepstakes comes amid the holiday shopping season, but the holiday-messaging was subdued. PayPal sent an email Read more
What are online payment services up to? Not just PayPal and Square, but offerings from the likes of Amazon, Google, and Facebook? Some “tech” companies are acting more like financial institutions – such as banks and credit card companies – Read more
