paypal

PayPal Acquiring iZettle to Compete With Square for In-Store Payments Processing

PayPal this week announced plans to acquire the Swedish-based payments hardware company iZettle for $2.2 billion, with a plan to expand its presence in brick and mortar stores thanks to iZettle’s technology. The acquisition will also help PayPal bolster its business across iZettle’s main markets of Europe and Latin America (via Bloomberg). Notably, the purchasing …

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Visa, Mastercard, Amex, and Discover Plan Combo Checkout Button to Compete With PayPal

Visa, Mastercard, American Express, and Discover are planning to combine their online payment options into “a single button,” hoping to make customers’ shopping easier and reduce friction in the checkout process. The button will be a major competitor to PayPal, and combat what’s called “the NASCAR effect,” where multiple payment logos and options dot the …

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eBay Details Plans to Replace PayPal as Main Payments Processor With New Partner Adyen

eBay this week announced major changes coming for both buyers and sellers on its online marketplace, with a plan to phase out its 15-year-long partnership with PayPal and eventually integrate Amsterdam-based payments company Adyen as its “primary partner for payments processing globally” (via Recode). This will eventually affect all eBay customers on every version of …

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You Can Now Pay Friends Through Facebook Messenger Using PayPal

Last year, PayPal launched within Facebook Messenger as a way for users to shop and complete payments directly through the messaging app. Today, the two companies are expanding the focus of this feature and opening up peer-to-peer payments for Facebook Messenger users who have linked their PayPal account to the app. With a rollout starting …

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