Items tagged with PayPal

Later this year, auction site eBay and its wholly owned online payment subsidiary PayPal will split into two different companies, and as they prepare to do that, several employees are being handed pink slips. The two divisions have reportedly begun notifying affected employees, most of which have been participating in projects that didn't turn out the way eBay hoped.According to Recode and the "multiple sources" it spoke with, some of the PayPal employees who lost their jobs were in sales or held product roles in the division that was in charge of getting restaurants and small retail stores to... Read more...
Online auction site eBay announced today that its board of directors approved a plan to split eBay and PayPal into independent publicly traded companies in 2015. By spinning PayPal off into its own business, the board feels both companies will be in a better position to capitalize on their respective growth opportunities. "eBay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets," said eBay Inc. President and CEO John Donahoe. "As independent companies, eBay and PayPal will enjoy added flexibility to pursue new market... Read more...
Have you ever found yourself yelling at Sony's PlayStation Network (PSN), "Hey, just take my money!"? Neither have we, but in case you've been frustrated with the available payment options, you'll be happy to know that you can use PayPal to make purchases through PSN (by funding your Wallet). It's a thoughtful addition, especially if you're an active eBay seller that keeps a steady flow of funds in your PayPal account. You'll find the option to use PayPal in the PS Store on PlayStation 3 and PlayStation 4 consoles. It also appears on the Sony Entertainment Network website, though the option all... Read more...
You can now use eBay's PayPal service to pay for purchases made through Google Play, the search giant announced. The new feature went live in a dozen countries, including the United States, Canada, and Germany. If if you live in one of 12 countries being served by the new feature, you'll find PayPal as a payment option in your Google Wallet. "Just enter your PayPal account login and you'll easily be able to make purchases. Our goal is to provide users with a frictionless payment experience, and this new integration is another example of how we work with partners from across the payments industry... Read more...
Making lemonade out of a situation wherein his credit card info was stolen in the UK and the thief went on a shopping spree, PayPal president David Marcus took the opportunity to preach the gospel of PayPal. “My card (with EMV chip) got skimmed while in the UK. Ton of fraudulent txns. Wouldn't have happened if merchant accepted PayPal…”, he tweeted. He believes that his card was probably skimmed at the hotel where he was staying, and he further tweeted that if the hotel had offered PayPal as an in-house payment option, the theft would not have occurred. “Obfuscating card... Read more...
In an attempt to bolster its online payment system, eBay today announced that it has agreed to buy Braintree, a full-stack payments platform that allows companies to accept payments in mobile apps and websites. The deal will cost eBay $800 million in cash, and once completed, the online auction site plans to integrate Braintree with its PayPal subsidiary. "Braintree is a perfect fit with PayPal," said eBay Inc. President and CEO John Donahoe. "Bill Ready and his team add complementary talent and technology that we believe will help accelerate PayPal’s global leadership in mobile payments.... Read more...
If you’ve read this site even casually lately, you know that crowdfunding is here in force. Sites like Kickstarter and Indiegogo offer entrepreneurs, startups, and otherwise unfunded techies with a prototype and a dream the chance to engage the world and excite backers to front some money for their projects. It’s a powerful, grassroots way to both gauge the potential success of a given product and raise cash in the meantime. Of course, like any new technological or financial paradigm, crowdfunding has also created some problems. PayPal, after some public flogging due to its freezing... Read more...
Look out, PayPal: Here comes Facebook. In what seems like a rather common-sense move for the company to make, Facebook will be launching its own payments service next month, with flash-sales site JackThreads becoming the pilot partner. The service's mechanics will mimic PayPal's, where you can pay for an item online with a Facebook option. To take advantage of the service, a credit card would need to be tied to your Facebook account; there's no mention of debit cards, but that doesn't mean it won't be an option. Since its launching over ten-years-ago, PayPal has become the dominant online payments... Read more...
We've heard of going from rags to riches before, and in Monopoly, we'd occasionally pluck the "Bank Error" card from the Community Chest and collect $200. But even winning the lottery doesn't come close to the good fortune that temporarily befell Chris Reynolds, a Delaware County resident who went to bed with no money in his PayPal account and awoke to find that a $92 quadrillion credit. "I'm just feeling like a million bucks," Reynolds said in a statement, according to Philly.com. "At first I thought that I owed quadrillions. It was quite a big surprise." It was also a short lived one. This was... Read more...
Bug bounties are a great way for budding programmers and developers to earn a bit of extra cash. Companies that offer them pay hundreds and even thousands of dollars per bug, depending on the severity of the security vulnerability that was discovered, resulting in a more secure product by the vendor and a little more jingle in the pocket of the person who uncovered the buggy code. In theory, everyone wins, so why is PayPal refusing to compensate a teen for finding a vulnerability on its website? He's too young to participate. Robert Kugler, a 17-year-old German student, claims he notified PayPal... Read more...
PayPal seems like a natural fit for Smart TV platforms, so why haven't the two fully meshed until now? Good question, and though we don't have an answer, we can report that they've finally come together. LG couldn't be more proud, either, pointing out that it's the first to offer PayPal on its Smart TV software (though not the first to offer PayPal-capable apps, a distinction that belongs to Samsung). "LG and PayPal will create a more user-friendly Smart TV experience, enabling the user to make faster, more secure digital payments," Richard Choi , senior vice president of the Smart Business Center... Read more...
Hey U.S. gamers, would you like a side of PayPal with your PlayStation Network (PSN)? You can have it, now that Sony is extending the same courtesy to PSN subscribers living in North America as was already available to those who reside in Europe. It's more of an end-around process to use PayPal, as the option to add funds to your Wallet using the eBay-owned payment service is only available online and not accessible from within the PlayStation 3 console. Here's how to do it: Sign into your account at SonyEntertainmentNetwork.com Click "Add Funds to Wallet" Click "Add Funds to Wallet" a second time... Read more...
Mobile payments may be the wave of the future, but NFC may still have some maturing to do. Meanwhile, physical card reading products like Square seem to be hitting the sweet spot in the here and now, and PayPal's not going to let the opportunity pass it by. PayPal's version of the Square reader, dubbed Here, is now on sale on AT&T stores. It's the first major foray into retail locations for PayPal Here, and it should definitely expose the option to a new crowd of potential users. Much like Square, Here enables users to plug a card reading dongle into a headphone jack, swipe a credit card and... Read more...
Paying for things with a traditional credit card may feel normal today, but what's it going to feel like in 20 years? 30? Will those thin slips of plastic still be around? Mobile payments haven't exactly skyrocketed to mainstream success, particularly in the United States, but it seems that the trends are changing. With Google Wallet, Isis, Square, NFC and all sorts of other technologies in the mobile payment space finally getting their wings, we could be in for a sea-change that will completely disrupt how we pay for goods. Following news of Starbucks and Square teaming up, the Electronic Transactions... Read more...
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