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Payments & Banking

PayPal US Consumer Account Changes Will Require Separate PayPal Cash Balance...

PayPal is updating the PayPal Account User Agreement and the Electronic Communications Delivery Policy to comply with new regulations issued by the Consumer Financial...

PayPal Will No Longer Refund Transaction Fees On Refunds

PayPal released an update to their Account User Agreement that will significantly impact sellers who use PayPal to accept payments. Effective May 7, 2019 PayPal...

Bank of America Lets Customers Directly Link Cards to PayPal Accounts

Last year PayPal and Bank of America (BofA) agreed to collaborate on in-store payments and account linking. In January, the first significant integration by...

Report: Square Holding Funds on Business For 120 Days With No...

A small business owner forwarded us an email they received from Square that describes a policy to protect its cash flow in favor of...

Hacked: PayPal’s Resolution Process

Last week my eBay account was hacked and several hundred dollars stolen from my bank account via an unauthorized payment on PayPal. There’s never...

PayPal and Paymentus Enter Strategic Partnership

PayPal revealed in today's earnings call that it has entered into a strategic partnership with electronic billing service Paymentus. "...we’re announcing today that we have...

PayPal Becomes One of First Non-Banks Approved to Accept SBA Paycheck...

PayPal will be providing access to small business loans through the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). This follows approval from the...

PayPal Changes Seller Protection Coverage in New Terms

We just received a copy of the new PayPal policy that will go into effect on April 19, 2018. This caught our eye immediately: "Updating the...

PayPal Can Now Be Used To Pay The IRS

Tax season has officially begun, which means millions of US households are preparing to file their taxes by the April 15th deadline. Income tax payments...

PayPal Acquires Hyperwallet – And There is An Amazon Twist

Last month PayPal purchases iZettle to gain a larger market share of the small business traditional retail market. On Tuesday, the company announced it...