PayPal president David Marcus thinks people are mistaken thinking Bitcoin is a currency.
61 percent of us have heard of digital wallets, but only 11 percent of us have used one, according to a new survey by Forrester. Interestingly, most would rather trust PayPal with their mobile money — rather than their bank or credit card company.
At any given time after a holiday or gift giving occasion I’ll have at least three to five gift cards — many that are issued by credit card companies — that typically sit in a drawer for months before I realize I should probably put them to use.
New mobile SDK puts PayPal as an in-app payment option.
PayPal to startups: Love us!
In a new study on mobile wallets, Javelin Research investigated the “gang of five” — Apple, Google, Facebook, Amazon, and PayPal — and their ability to win or lose the still-developing war for the mobile wallet. Interestingly, all of them would lose to consumer’s primary financial institution, their bank.
Amazon’s 215 million customers will now be able to checkout in just a few clicks, using their Amazon credentials.
At a recent hackathon, Alex Day and Amazon engineer Yiling Hu developed a new system to help homeless people access shelters.
Braintree could finally help developers love PayPal — or at least give PayPal another look.
Big news in the payments world this morning: eBay just announced that it has snapped up popular e-commerce payments processor Braintree for $800 million in cash.
Yesterday PayPal became available to Russian users for domestic operations with the ruble as its 26th currency.
Crowdfunding campaigns have never been PayPal’s strong suit, but today the company said it wants to change that.
Onstage at CloudBeat, Paypal’s senior engineers discussed in-depth how they ripped out existing infrastructure, and replaced it with a modern alternative.
Beacon uses low energy Bluetooth to transmit information from retailers to consumers and vice versa. Beacon can automatically check people in when they arrive to a retail location and deliver them product offers.
Editor’s Pick “I’m pretty sure Paypal is an actual terrorist organization,” said one Redditor, who claimed to have lost $1,000 in a PayPal transaction.
Nobody likes to pay, but everyone likes a good deal.
“It’s great new, it’s wonderful,” Giartosio told me this morning from Venice, Italy. “Now I can open PayPal payments again on the campaign.”
Editor’s Pick It’s wonderful to raise money via crowdfunding platforms such as Indiegogo and Kickstarter. Not so great, however, if PayPal refuses to release the money that supporter have pledged to back your project.
In other words, PayPal is all in.
The future of eBay is mobile payments, however, and for investors willing to overlook some short-term pain, there may be some long-term gain as PayPal transaction volume increased a strong 21 percent in the last quarter, and PayPal merchant services jumped 25 percent.
Jeep’s Twitter account recently told the world that the iconic brand had been “sold to Cadillac.” And Burger King’s account started mysteriously promoting McDonalds. Two high-profile hacks in less than a week means, apparently, that Twitter had to take some action.
The good news, if you’re PayPal, is that almost three quarters of Americans know about you and your digital wallet solution. The bad news is that under half of them really understand what a digital wallet is.
“We had a great finish to an excellent year, with fourth quarter results exceeding our expectations,” said eBay president and CEO John Donahoe.
After properly stuffing themselves with copious amounts of turkey, cranberry sauce, sweet potatoes, dressing, and pumpkin pie, eBay saw a ton of people reach for their mobile devices to make some form of payment.
Google Wallet, which just recently made big changes to support Visa, American Express, and Discover cards, is now apparently making even bigger changes. As in, back to the future changes.
There’s a right way and a wrong way to announce layoffs. Sadly, too many tech companies take an insensitive and shortsighted approach that shows just how out of touch they are with the rest of the world.
Who starts an announcement that he’s tossing 470 people’s jobs into the meat grinder with the world ”delighting?”
Storific provides consumers with a way to skip the hassle of in-restaurant ordering, and instead find, order, and pay for food before pick-up or dine-in.
Dave McClure is one of the most prominent angel investors in Silicon Valley — and possibly the world. His accelerator, 500 Startups, will fund its 500th company sometime this year. And no, in answer to “all the stupid questions,” 500 Startups will not shut its doors after reaching that number.
He may also take the prize for most F-bombs per sentence of any investor.
It’s getting to be a tough market in mobile commerce. Google and Apple are both out with solutions that approach digital wallet status, upstart startups like Square are claiming merchant mindshare, and the original mobile payments company, PayPal, is having to forge a path from the desktop to the smartphone.
Ten years ago today, eBay announced an acquisition that might rank as one of the most successful Silicon Valley purchases ever. In fact, it sits third on Ranker’s list of smartest tech acquisitions.
Not content with having conquered online payments, PayPal is expanding into real-world stores. The online e-commerce company has decided to expand by allowing shoppers to pay with its service in more than 2,000 brick-and-mortar stores by March.
eBay’s chief executive John Donahoe has a plan to turn his company around — and it looks like it’s working.
For the first time in more than a year, eBay has not seen any significant revenue growth from its auctions. That has left PayPal, which continues to grow at a healthy rate, as the flagship revenue stream for the once-leading online auction site, according to its most recent earnings reports released today.
Android phone users are downloading lots of apps. But app developers would be happier if those users would pay for them. To help make that happen, Scoreloop is adding the ability to make payments for Android apps to its suite of social gaming tools for Google’s Android operating system.