PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and Shopify. In PayPal’s case, CEO Read more
Visa launched a new solution designed to help content creators get faster access to their funds and accept donations and tips from their audiences. The Visa Ready Creator Commerce program is a solution for platforms that host creators. “Through the 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
Facebook allows users to pay for products and services using its digital wallet, and now it’s expanding Facebook Pay beyond its own platform and into the stores of online merchants, beginning with Shopify. Facebook lets brands, merchants, and individual sellers Read more
BigCommerce launched a suite of multi-currency features to help merchants “natively” present, transact and settle in more than 100 currencies, stating that it strengthens the ability to sell cross-border to shoppers around the globe. The ecommerce platform explained that it Read more
Square is imposing new fees for merchants who transfer funds to their bank account, it announced on Tuesday. Beginning on February 7, 2020, the rate for instant and same-day transfers from a Square balance to a bank account is changing Read more
PayPal expanded its international reach through a new agreement with MercadoLibre, one of the largest online commerce and payments ecosystems in Latin America. PayPal CEO Dan Schulman made the announcement in a post on LinkedIn on Monday, stating in part Read more
Departing PayPal executive Bill Ready confirmed via Twitter he’s heading to Google as its new President of Commerce. Indications of what this means for Google can be found on his LinkedIn bio, where he states in a nutshell, “Creating the Read more
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is currently dominated by Tencent, which Read more
Amazon is making it easier to buy with cash with the launch of Amazon PayCode in the US today. Customers who pay using Amazon PayCode have 24 hours after their order is placed to provide payment at a Western Union Read more
