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Companies

PayPal revenues miss but growth is strong from new acquisitions

“The addition of 2.9 million net new active accounts resulting from the acquisitions of Hyperwallet and iZettle show how those two deals are already adding value, as PayPal moves to expand internationally and away from its core market in the U.S. Payment transactions totaled 2.9 billion for the quarter, up 28 percent, and the $164 billion […]
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Companies

PayPal Quietly Took Over the Checkout Button

“Now independent of EBay, PayPal has a market capitalization of $100 billion, 100 times what it was worth when it went public in 2002, and the number of users has grown from 15 million to almost 250 million. While it’s struggled in China, where WeChat dominates payments, in the rest of the world it processes […]
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Companies

How PayPal Escaped Dot-Com Obsolescence

“PayPal’s conversion rate is lights-out: Eighty-nine percent of the time a customer gets to its checkout page, he makes the purchase. For other online credit and debit card transactions, that number sits at about 50 percent.”
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Companies

PayPal CEO Grapples With Fringe Groups

“Under Chief Executive Dan Schulman, PayPal has taken stances on social issues that have earned it a fair share of political enemies. After the company canceled plans to open an operations center in North Carolina in 2016 following the passage of a state law that halted antidiscrimination protections for lesbian, gay and transgender people, Mr. Schulman said […]
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Companies

PayPal’s Venmo Isn’t Enough to Drive Payment Volume Growth

“PayPal Holdings Inc. released first quarter results that showed rising sales and profit but a decline in payment volume growth, a closely watched measure of the company’s popularity among customers.    The San Jose, California-based met analysts’ expectations for revenue and exceeded them for per-share earnings last quarter. On a conference call after the report, […]
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Companies

The Next Era of Digital Commerce: The PayPal Commerce Platform

“We are at a moment in time where we can finally put the same tech and capabilities in the hands of all businesses regardless of size. We are bringing our vision of open commerce and partnership to life with the PayPal Commerce Platform – to power commerce in a way that allows more businesses and more […]