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PayPal Begins Accepting PPP Loan Applications Again
Payments & Banking

PayPal Begins Accepting PPP Loan Applications Again

ByRichard Meldner January 20, 2021January 20, 2021

PayPal says it is now accepting applications for small business loans through the US Small Business Administration (SBA) Paycheck Protection Program again. The SBA started…

PayPal Takes 100% Ownership in Chinese Payment Processor GoPay – How It May Benefit US Online Merchants
Payments & Banking

PayPal Takes 100% Ownership in Chinese Payment Processor GoPay – How It May Benefit US Online Merchants

ByRichard Meldner January 13, 2021January 18, 2021

PayPal has become the first foreign third-party payment processor to take a 100% stake in a Chinese payments firm, following its acquisition of the remaining…

PayPal Invests in Cryptocurrency Tax Software Company TaxBit
Payments & Banking

PayPal Invests in Cryptocurrency Tax Software Company TaxBit

ByRichard Meldner January 7, 2021January 18, 2021

With Bitcoin on a roll again, many believe because of PayPal and Square embracing the digital currency, PayPal Ventures invested today in cryptocurrency tax software…

Venmo Launches Check Cashing Feature in Time For Second Stimulus Checks and Tax Refunds
Payments & Banking

Venmo Launches Check Cashing Feature in Time For Second Stimulus Checks and Tax Refunds

ByNewswire January 6, 2021January 18, 2021

Venmo is introducing a new Cash a Check feature in the Venmo app for select customers, enabling Venmo’s community to access a quick, easy and…

PayPal users in UK face new fee if they don’t act before Wednesday (16 December 2020)
Payments & Banking

PayPal users in UK face new fee if they don’t act before Wednesday (16 December 2020)

ByRichard Meldner December 14, 2020January 18, 2021

In September, PayPal announced that they will charge UK users an annual inactivity fee if they didn’t use the payment service for the previous 12…

PayPal CEO Daniel Schulman – “It won’t go back to the way it was”
Payments & Banking

PayPal CEO Daniel Schulman – “It won’t go back to the way it was”

ByRichard Meldner December 10, 2020January 18, 2021

PayPal CEO and President Daniel Schulman said in a “fireside chat” during the Goldman Sachs U.S. Financial Services Virtual Conference that the pandemic has accelerated…

iZettle Launches Touch Free Payments In The UK Utilising QR Codes
Payments & Banking

iZettle Launches Touch Free Payments In The UK Utilising QR Codes

ByNewswire December 10, 2020January 18, 2021

On Wednesday PayPal launched QR code payments in iZettle’s point of sale app, allowing small businesses across the UK – from retailers to florists and cafes – to…

PayPal Processed Record $185 Million In Donations Globally On GivingTuesday
Payments & Banking

PayPal Processed Record $185 Million In Donations Globally On GivingTuesday

ByNewswire December 9, 2020January 18, 2021

PayPal says it processed a record-breaking $185 million globally this GivingTuesday, the largest amount raised on the platform for the global day of giving since…

PayPal Bails Out Of Russian Domestic Payment Services
Payments & Banking

PayPal Bails Out Of Russian Domestic Payment Services

ByRichard Meldner June 30, 2020January 17, 2021

Russian news agency TASS reports that PayPal is changing its business model in Russia, citing details from a letter PayPal sent to the Russian Central…

PayPal Issues Advance Notice On User Agreement Updates Effective July 31, 2020
Payments & Banking

PayPal Issues Advance Notice On User Agreement Updates Effective July 31, 2020

ByRichard Meldner June 24, 2020

PayPal sent out an advance notice to users to inform them of impending changes to the PayPal User Agreement. Most of these changes will go…

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