Items tagged with PayPal
The era of cryptocurrency is not behind us, apparently. One look at Bitcoin's value—it sits at around $9,143 currently—indicates that there is room for at least one type of digital coin, even after the crypto-bubble burst last year in general. It is not just Bitcoin, though. Facebook is making a major move into the cryptocurrency space and has the backing of some major payment firms. Facebook's new and open-source digital currency is called Libra. It will be managed by Calibra, a newly formed Facebook subsidiary, with the goal of providing financial services all around the globe while leveraging blockchain technology. The first product that Calibra will introduce is a digital wallet...
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PayPal doesn't have a stellar reputation among sellers thanks to some of its more aggressive payment policies. A recent announcement of changes to its user agreement has angered sellers who use PayPal, which revolves around how refunds are processed. Starting on May 7, 2019, when a seller issues a partial or full refund to a buyer or refunds a donation to a donor the fees originally paid as the seller are no longer returned. PayPal notes that there is still no fee to make a refund. Word of the refund policy change surfaced on Ecommercebytes, and the comments on the announcement are far from happy. Many sellers using PayPal on eBay mention that buyers routinely order something, only to change...
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PayPal is dipping deep into its pockets to acquire iZettle, a European startup and financial technology firm that sells mobile credit card readers, for $2.2 billion, the company announced today. It's obviously a massive purchase and one that seems to have excited investors—PayPal's stock jumped around 2.3 percent following news of the planned acquisition, and it's still early in the trading day. "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile," said PayPal President and CEO Dan Schulman. "iZettle and PayPal are a strategic fit, with a shared mission, values and culture—and...
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EBay, the largest online auction site in the world, is shaking things up by moving away from PayPal as its primary partner for processing payments on its marketplace. The online auction house has inked an agreement with Adyen, an e-commerce company headquartered in Amsterdam, Netherlands, to take PayPal's place. It will be a mulit-year transition as eBay phases out its current arrangement with PayPal. "EBay has signed an agreement with Adyen to be its primary partner for payments processing globally, including in North America. Adyen powers payment processing for a number of the world’s leading global marketplaces and brings to this partnership a broad global footprint with a flexible and...
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A security flaw that was first discovered in 1998 by Daniel Bleichenbacher has resurfaced, putting at risk some of the most popular websites and services, including Facebook and PayPal. Called ROBOT, the 19-year-old vulnerability can be exploited to perform RSA decryption and signing operations with the private key of a TLS server, and can still be used against many HTTPS hosts in today's Internet landscape. "For hosts that are vulnerable and only support RSA encryption key exchanges it's pretty bad. It means an attacker can passively record traffic and later decrypt it," security researchers Hanno Böck, Juraj Somorovsky (Hackmanit GmbH, Ruhr-Universität Bochum), and Craig Young (Tripwire...
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Facebook and PayPal are strengthening their ties and have announced that users in the U.S. can now send and receive money person-to-person over Facebook Messenger. The integration also brings a PayPal customer service bot that can handle questions and requests for help right from within the Facebook Messenger window. Messenger has always had a payment system integrated that would allow friends to pay each other directly, but that service takes money directly from the payer's bank account via a debit card. That money is then sent directly to the person receiving the funds and places it into their checking account instantly without fees for either party.The PayPal integration will certainly still...
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It feels like it's hard to get a great opinion on PayPal from the users that have to deal with it, and likewise, the latest Skype mobile update threw many for a loop (and not in a good way). So naturally, seeing the two companies team up would seem like the perfect cocktail for disaster, but this latest move is actually a really nice one. Given just how large both Skype and PayPal are, many reading this likely have accounts with both services. However, when you want to send a quick buck to a friend, it can really feel like quite a hassle, given how many steps you have to take, and how much info there is to double-check (especially with regards to fees). With a new mobile Skype update, though,...
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Three things in life are guaranteed—death, taxes, and Steam sales. While we are not real keen on the first two, we love a good Steam sale, even though our games library is already overflowing with titles we picked up at a discount and may never get around to playing (or at least finishing). Such is the struggle and it will be compounded this weekend when Steam kicks off its summer games sale. Whether or not Valve wanted everyone to know ahead of time is not known. Either way, it was PayPal's UK Twitter account that spilled the beans in a tweet announcing the imminent sale. According to the Twitter post, discounted games will flood Steam's game store starting tomorrow, June 22, at precisely 6:00...
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For better or worse, parting with your money just got a heck of a lot easier on iOS devices. All you have to do is bark a command to Siri to the effect of, "Hey Siri, send my brother Todd $50 using PayPal" and she will happily coordinate the transfer, simple as that. Siri will ask for confirmation, of course, just like when sending a text message, but answer in the affirmative and little brother Todd will be the happy recipient of a wad of online cash. The new voice-activated functionality is baked into the latest version of PayPal's mobile app on iOS. Anyone with an iPhone or iPad running iOS 10 later can download and install the latest build and start sending money using voice commands. On...
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PayPal is making quite a few changes this June. Customers using older versions of the PayPal mobile app on Android and iOS will be required to upgrade to version 6.0 Starting on June 3rd through June 30th. They are also discontinuing PayPal app use for Windows Phone, Amazon Fire, and Blackberry. Joanna Lambert, PayPal Vice President of Global Consumer Product and Engineering, stated, “It was a difficult decision to no longer support the PayPal app on these mobile platforms, but we believe it’s the right thing to ensure we are investing our resources in creating the very best experiences for our customers. We remain committed to partnering with mobile device providers, and we apologize for...
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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 accept PayPal. Part of that initiative included rolling out mobile payment options and special credit...
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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 and partnership opportunities. And we are confident following a thorough assessment of the relationships...
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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 around is limited to a select few territories. They include the U.S., Canada, Mexico, Chile, and Argentina....
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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 to deliver this to the user," Google explains. Image Source: Flickr (shannonpatrick17) In addition...
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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 data online, on mobile, and now more and more offline remains one of PayPal's strongest value props,”...
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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. Together, we expect that PayPal and Braintree also will accelerate our leadership in supporting developers...
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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 of a few campaigns’ money, has openly acknowledged that its payment platform is not equipped...
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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 vendor, and while its service is reliable overall, there are a lot of downsides to not having real...
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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 an obvious error on PayPal's part, and unlike Monopoly, you don't get to go around the board with...
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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 of the vulnerability in question on May 19, to which he received an email response indicating that...
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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 at LG Electronics. "PayPal significantly reduces the number of steps the user has to take in order...
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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 Click on the PayPal square and complete the process Using PayPal, you can add funds in increments...
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