EBay and PayPal are taking another step toward divorce. And as is the case in many such separations, one side is the winner and the other is left wondering just how things got to this point. EBay said Wednesday that PayPal will no longer be its payments processor after the agreement between the two companies ends in 2020. EBay has signed a new, long-term deal with Dutch payments-services company Adyen, which will start handling a small amount of eBay’s payment processing later this year. Adyen’s name may not be well-known in the United States, but the company does count Uber, Netflix and Spotify among the companies that use its technology for processing customer payments. Unlike PayPal, which in addition to providing payment services has a button on eBay sites and elsewhere so customers can use it to pay for purchases, Adyen focuses exclusively on the services that businesses use on the back end of their systems for payment processing. Get tech news in your inbox weekday … [Read more...] about EBay, PayPal head in different directions with divorce on tap
The Canadian Revenue Agency (CRA) has announced that Canadians will now be able to use PayPal to pay their taxes on the CRA website ahead of the April 30th personal income tax filing deadline. According to PayPal Canada, there are more than 6.5 million active customer PayPal account holders in the country, as well as 250,000 Canadian small businesses who use the service. “Tax season is stressful. We wanted to help ease the pain and make it convenient for our customers to use their PayPal account to pay their federal taxes,” said Paul Parisi, president of PayPal Canada, in a press statement. “We are pleased to work with PayPal to make tax paying simple and secure,” added Robert Hyde, vice president of payment services for Payment Source, a third-party service provider for the CRA. “A digital payment solution like PayPal is ideal for Canadians who want to pay their taxes without revealing their bank account or credit card … [Read more...] about Canadians can now use PayPal to pay taxes on the CRA website
In July of last year, Samsung announced PayPal as a supported payment option within Samsung Pay. Even though that announcement was made, it appears the ability to actually make purchases using your PayPal account via Samsung Pay wasn’t available, but this week, that changes. This morning, PayPal announced users can now make purchases, “at the millions of retailers that accept Samsung Pay.” We had no idea that the partnership announcement from last July would ultimately lead to this day, 9 months later, but here we are. To get started buying goods with your PayPal funds within Samsung Pay, follow these instructions. Tap “+” on upper right hand of Samsung Pay home screen Select “Add PayPal” in the “Add payment card section” If you have One Touch enabled, the account will be provisioned. If not, you’ll need to input your account credentials. Press “Next” and enter a pin for in-store purchases Select a Debit or bank … [Read more...] about PayPal Support Goes Live for Samsung Pay, 9 Months After Initial Announcement
By April 25, 2018, 7:01 PM EDT Barclays Plc customers will soon be able to use their payment cards and manage their business accounts through PayPal Holdings Inc.U.K. and U.S. clients will soon be able to add their Barclays debit and credit cards to their PayPal digital wallets for online and app payments, according to a statement about the new partnership from the British bank. Small-business owners in the U.K. will also be able to see snapshots of their accounts and financial data on both companies’ respective systems.Banks, nervous about encroachment by technology companies into their core retail and payments businesses, have been spending billions to make their systems, sometimes decades old, easier to use for customers. Barclays Chief Executive Officer Jes Staley said in October the industry needs to defend its advantage from lighter-regulated tech companies such as Amazon.com Inc. and Apple Inc., calling payments “the battleground of finance over the next 15 … [Read more...] about Barclays Teams With PayPal for Payments, Small-Business Service
PayPal accounts holders can now link their balance to Samsung Pay. PayPal can now be integrated with Samsung Pay. Have money sitting in a long forgotten PayPal account? Now you can spend it with just the tap of a finger through Samsung Pay. While a partnership was announced last July that would allow consumers to integrate their PayPal accounts with Samsung Pay, the brands finally started rolling out the new option on April 23. As Samsung Pay is supported by millions of retailers and other businesses accepting NFC or MST (Magnetic Secure Transmission) payments, the new option opens many doors for PayPal users. Essentially, it will provide PayPal users more freedom in how they manage and move their money. The company has listed the steps needed to create a PayPal top-up card within the app, which are as follows: - Tap "+" on the upper right hand of the Samsung Pay home screen - Select "Add PayPal" in the "Add payment card section" - If you have One Touch enabled, the … [Read more...] about Samsung Pay Now Supports PayPal; Here’s How to Link Your Accounts
One could say that former PayPal chief executive Bill Harris is not fond of Bitcoin, but that would be an understatement. Writing in an op-ed published by tech outlet Recode, Harris argues that Bitcoin is not only a bad investment but is also a “colossal pump-and-dump scheme, the likes of which the world has never seen.” Harris does not break any new ground on the Bitcoin-bashing front, and he quickly retreats into stale arguments from opinion pieces authored in 2013 — and better left there. Let’s run through a quick checklist: Bitcoin mining is “absurdly wasteful of natural resources.” Check. Virtually no one accepts Bitcoin payments. Check. Bitcoin is not a store of value. Check. Bitcoin has no intrinsic worth. Check. Bitcoin transactions are too slow and expensive. Check and check. Here’s the kicker, which is all the more comical now that the Nasdaq — the world’s second-largest stock exchange — has said that it is open to … [Read more...] about ‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong.