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
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
eBay offers new payout options for Managed Payments, it officially announced on Wednesday. Payouts are how eBay sellers retrieve their funds from their sales earnings. In addition to the existing daily and weekly payout schedule options, sellers can request payouts Read more
eBay will soon allow buyers to make wire transfers to pay for certain types of goods, according to the company’s Chief Growth Officer Julie Loeger. The news came during her presentation to investors and Wall Street analysts at eBay Investor Read more
Does eBay include sales tax in the information it gives to the IRS on Form 1099K? eBay now touches all money paid by buyers now instead of PayPal, which used to handle payment processing on the eBay marketplace. And that Read more
GoDaddy simplified payments for sellers who conduct transactions in person, a growing phenomenon due to the popularity of sites like Facebook Marketplace. Now, sellers who display their wares at flea markets, farmers markets, and the like can use the GoDaddy Read more
Remember when it looked like Facebook would help control the flow of cryptocurrency around the world? Facebook launched the Libra/Diem cryptocurrency initiative in June 2019 to great fanfare, but today, its assets were sold to Silvergate Capital Corporation. Companies had Read more
Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three weeks after the head of Read more
