eBay is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources. Shares of the online retailer jumped nearly 4 percent to $55.48 at midday. EBay told potential candidates for the position of PayPal chief executive officer, a post that David Marcus vacated Continue Reading →
When PayPal’s parent company eBay agreed to buy payments startup Braintree last year, the companies boasted of the mobile-payments innovation to come. A little less than a year later, the companies are beginning to back up those promises. PayPal is unveiling One Touch PayPal, which will let shoppers who have downloaded the PayPal app pay Continue Reading →
PayPal has announced a new section dedicated to online gift card purchases. The “Digital Gifts” store has opened with what PayPal describes as a “marquee merchant”, namely iTunes. Although buying iTunes gift cards with PayPal has been possible for a long time thanks to eBay, this is the first time PayPal is selling the cards Continue Reading →
PayPal has added support for prepaid gift cards through PayPal Checkout, thanks to a “patent-pending and innovative method” that the company claims took “months of research and investigations” to develop. Though prepaid gift cards are a highly lucrative industry–research firm First Data estimated that more than $43 billion worth of gift cards were purchased during Continue Reading →
Login and Pay With Amazon
Amazon has announced a new program that will allow customers to login with their Amazon accounts to make purchases on third-party websites. “Login and Pay with Amazon”, which was revealed at Money2020, uses the OAuth 2.0 protocol and will work across tablet, mobile and desktop. With more than 215 million customer accounts, Amazon boasts a Continue Reading →
PayPal Payment Code
Another day, another announcement of a product aimed at getting shoppers to buy stuff in retail stores using an app on their phone instead of a physical credit card or cash. This one — from PayPal, called Payment Code — lets users pay through their PayPal app or a retailer’s app integrated with PayPal in Continue Reading →
PayPal just released an update to its iOS and Android app, making it possible for users to get coupons and offers, order ahead at restaurants, pay at the table and even have a built-in credit line through Bill Me Later. When you check in at a restaurant, you’ll be greeted with coupons and offers that Continue Reading →
PayPal Beacon
PayPal announced a new way to better connect merchants with customers through the use of their mobile device. On stage at the TechCrunch Disrupt conference, the commerce company unveiled Beacon, an add-on piece of technology that lets customers pay for goods at their favorite stores without needing to take out their phone — it’s all Continue Reading →