Payments News

On The Web

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Companies

PayPal Users Will Pay Higher Fees for Quick Cash

“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 or debit card will continue to pay no fees for Standard Bank Transfers….Two significant Instant […]
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Companies

Zettle by PayPal Launches On-Phone Payments with Tap to Pay

“PayPal Holdings, Inc. today announced the launch of Tap to Pay with Zettle by PayPal for small businesses in the UK. The new function, which will begin rolling out today, enables individual sellers and small businesses to accept contactless payments in-person directly on their Android mobile devices, with no additional hardware and no additional fees. […]
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Companies

Can PayPal Coin Alter the Crypto Landscape?

“The stable coin market has been doing fairly well, boasting a market cap of $166 billion and a daily trading volume of $72 billion. In January, PayPal confirmed that it has explored launching its own stable coin after a developer noticed code on its iOS app hinted at the existence of a PayPal Coin. While PayPal clarified […]
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Companies

Venmo and PayPal Fees Are on the Rise Yet Again

“Need the money that’s sitting in your PayPal or Venmo account right away? Withdrawing it quickly is soon going to cost you more.  PayPal, which is the parent company of Venmo, recently said it’s increasing prices for the “instant transfer” feature for both of the popular money-sending apps later this spring. The changes will affect hundreds of […]
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Companies

PayPay Lets New Customers Verify Identity with Their Driving License via NFC

“Consumers in Japan setting up an account with mobile payments service provider PayPay can now verify their identity by scanning the NFC chip in their driving licence and uploading a selfie. Customers were previously able to verify their identity on the PayPay Money app with their driving licence, but had to take photographs of the document […]
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Companies

PayPal Gets Stung by ‘Bad Actors,’ Shuts 4.5 Million Accounts

“PayPal Holdings Inc. said it closed 4.5 million accounts and lowered its forecast for new customers after finding “bad actors” were taking advantage of its incentives and rewards programs. Shares of the company fell by the most on record. The payments giant, which is also overhauling its marketing strategy, said it no longer expects to […]
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Companies

PayPal Launches Payment After 30 Days in Germany

“PayPal is expanding its ‘Pay later’ offer in Germany. This week, it has announced the launch of its new payment option ‘Payment after 30 days’. Customers can select the new option for purchases up to 1.000 euros and pay for it after 30 days without additional costs.”

On The Wires

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Companies

Aon and Paypal to Expand Access to Insurance for Small Businesses

“Aon plc and PayPal Holdings, Inc. today announced an initiative to help millions of PayPal’s small business customers in the U.S. access insurance simply and quickly. The unique digital insurance program will enable PayPal’s small business customers in the U.S. to shop for, purchase and manage insurance coverage through Aon’s CoverWallet solution on the PayPal Commerce […]
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Companies

PayPal Broadens Access to Its Post Purchase Services for Merchants to Help Manage Increasing Return Volumes

“PayPal (NASDAQ: PYPL), today announced it is delivering more ways to help retailers manage returns by enabling merchants who offer PayPal Checkout to use the Happy Returns return and exchange portal software at no additional cost1. Additionally, the company has partnered with Ulta Beauty which increases the total number of Happy Returns Return Bar locations […]
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Companies

PayPal Welcomes Leading Experts in Distributed Technology, Economics and Regulation to Blockchain, Crypto and Digital Currencies Advisory Council

“As a global leader in commerce and payments with bold ambitions for shaping how blockchain, crypto, digital currencies will provide increased access to financial services in the near term, we believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges. To support not […]