Payments News

On The Web

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Companies

PayPal Raises Fees Between UK and Europe

“PayPal is introducing new fees for payments between businesses in the UK and those in Europe, from November. British businesses will be charged a 1.29% fee for payments from the European Economic Area and vice versa. Most currently pay about 0.5% in similar charges, which have remained unchanged since before the UK left the EU […]
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Companies

PayPal Is Exploring a Stock-trading Platform for Its U.S. Customers

“PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans, and public details around a new executive hire.”
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Companies

PayPal Builds Services As EBay Breaks Away

“PayPal is aggressively adding new features for merchants, like in-store services, to shore up profits as its historic online marketplace partner, EBay, breaks away from the tie. PayPal has known for years that EBay planned to break away, and now the divorce is finally happening…While the company’s business of offering online payment services to merchants […]
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Companies

PayPal Taps Into the NPP for Instant Transfers to Bank Accounts

“PayPal has introduced a new feature enabling transfers from PayPal balance to domestic bank accounts and Visa debit cards within one minute. The feature uses the New Payment Platform (NPP) through PayPal’s partnership with the National Australia Bank (NAB) and Visa’s real-time payments platform, Visa Direct. It is available for transfers as low as $2 with […]
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Companies

PayPal Will Let Customers Withdraw Crypto, Exec Says

“Global payments giant PayPal plans to let users withdraw cryptocurrency to third-party wallets, its blockchain lead said. Speaking Wednesday at CoinDesk’s Consensus 2021 conference, Jose Fernandez da Ponte told moderator Jeff John Roberts that a withdrawal function is in the works. At present, PayPal does not let users move cryptocurrency holdings off-platform, though it has […]

On The Wires

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Companies

PayPal and Mastercard Continues Expansion of Popular Debit Card Offering Across Europe

“PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard in four new European countries – Belgium, Finland, the Netherlands, and Portugal. This is in addition to Austria, France, Germany, Ireland, Italy, Spain, the United Kingdom and United States where the PayPal Business […]
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Companies

TRM Labs Raises $14 Million Series A Funding Round

“TRM Labs, a pioneer in blockchain intelligence, announced today that it has closed a $14 Million Series A funding round. Bessemer led the Series A with additional participation from PayPal Ventures, Initialized Capital, Jump Capital, Salesforce Ventures, Operator Partners, Blockchain Capital, and executives from Google. Other existing investors include Y Combinator, Alumni Ventures Group, The […]
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Companies

Upcoming Changes for Some US Businesses

“We are making changes to our published rates in the United States to better align our pricing with the value that our products and services provide. Our goal is to be transparent and upfront with our customers about the changes. These rates will apply to a portion of our merchant customers in the U.S. beginning […]
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