PayPal Bails Out Of Russian Domestic Payment Services
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 Bank which Tass reviewed. According to the report, PayPal will stop offering payment and money transfer services between Russian users by August and focus on cross-border trade instead. Furthermore, PayPal […]
PayPal Issues Advance Notice On User Agreement Updates Effective July 31, 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 into effect on July 31, 2020, unless otherwise noted. The changes described here are for U.S. account holders. PayPal users in other countries should check their email for a notice […]
PayPal Investment in Indonesia Connects Millions of New Consumers to Its Network
PayPal joins Facebook, Google, Tencent and others as investors in Indonesian online commerce startup Gojek. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial services in the region. With digital payments adoption primed to accelerate exponentially, the resources of some of the world’s […]
PayPal Introduces QR Code Payments to Enable Touchless Commerce
PayPal rolled out the ability to use QR Codes to buy and sell goods in 28 markets around the globe. From farmers markets to selling secondhand goods – the rollout of the QR code functionality in the PayPal app allows customers to buy or sell in-person, safely and securely, and touch-free. “We know that in […]
WooCommerce Payments Now Available to All U.S. Merchants
WooCommerce is announcing public U.S. availability of WooCommerce Payments, a payments management system designed exclusively for WooCommerce stores. Payments are a central part of Ecommerce for merchants and shoppers. Seamless checkout experiences and simple payments management interfaces are essential for success in selling online. Since its inception, WooCommerce has allowed merchants to choose from a variety […]
eBay Managed Payments Coming to Canada and Australia
As eBay continues to modernize its marketplace and create a more streamlined experience for buyers and sellers, the company is expanding its management of payments to Australia and Canada later this year. Australia and Canada are the fourth and fifth countries to offer eBay’s new payments experience, after the U.S., Germany and the U.K. “By […]
GoDaddy Builds Coalition of Companies to Support Small Businesses Through #OpenWeStand Movement
GoDaddy announced that over 30 brands, including American Express, Nextdoor, PayPal, Salesforce, and Slack, have joined the company’s growing #OpenWeStand movement. These companies are contributing resources, tools and insights to help sustain entrepreneurs and the small and microbusinesses they operate during this challenging time. Brands who joined the #OpenWeStand movement include: Acronis American Express Association for Enterprise […]
Walmart Canada Now Offers PayPal as Payment Option for Online Purchases
PayPal is now available as a new payment option on Walmart.ca as more Canadians shop online for groceries and essentials than ever before, according to new research. “We are proud to be the first Canadian retailer that sells groceries to offer PayPal, making online shopping more accessible for more Canadians. PayPal has a long-standing reputation […]
PayPal Becomes One of First Non-Banks Approved to Accept SBA Paycheck Protection Program Loans
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 SBA for PayPal to participate in the program as one of the first non-bank institutions. “Small businesses have been hit especially hard by the coronavirus crisis. There is an urgent […]
PayPal Waives Fees and Defers Loan Payments to Help Small Business Customers
PayPal announced a set of relief measures to help its more than 24 million merchants around the world impacted by the coronavirus (COVID-19) emergency. The company is waiving certain fees and will be deferring repayments on business loans for some of its most affected small business customers. “Small businesses are the lifeblood of our national […]