All Posts Tagged Tag: ‘paypal’
PayPal updated its Android app this morning to version 2.8. The new version has some new features including the ability to add money from checks by snapping a photo of the check (U.S. only) and storing of the app on the Android device’s removable SD card. The add money from a check feature was added to the iPhone last fall. …
For those of you who would like an additional method of purchasing on your Xbox Live account, Microsoft has apparently heard your calling, and will address your needs when the next XBL update occurs. Currently, the next update is scheduled for the 19th of May. Currently, XBL subscribers use personal credit cards to buy points, which, in turn allows them …
Two bits of acquisition news coming out of eBay today. First, the company has completed its previously announced acquisition of location media company WHERE. Terms of the deal were still not revealed. “Local commerce companies like WHERE are blurring the lines between in-store and online shopping,” said PayPal’s Amanda Pires. “By giving people hyper-local, relevant retailer information and deals on …
PayPal has acquired Fig Card in the latest move in the increasingly interesting mobile payments space. This comes just a week after the company acquired WHERE, for location-based deals. eBay and PayPal will not get left behind as competition grows and industries merge. Here’s Fig Card’s own description of itself: A while back, we wondered why we weren’t using our …
Good news for e-commerce giant eBay, as today they report solid first quarter results. For the first quarter ending March 31st, eBay reports $2.5 billion in net revenue, which is a 16% increase from the same period last year. The company recorded first quarter net income on a GAAP basis of $475.9 million, or $0.36 per diluted share, and non-GAAP …
Developers with any amount of ability when it comes to creating Android apps may want to start thinking about how to bring PayPal into the equation. Today, the third PayPal X Developer Challenge kicked off, and PayPal’s established some significant cash prizes for the top three participants.
Thanks to PayPal, the unemployment rate in Chandler, Arizona should dive rather soon. PayPal announced today that it’s opening a new customer service and operations center in the city, and the center is designed to accommodate as many as 2,000 employees.
eBay said it expects double-digit annual revenue and earnings growth over the next three years. The company outlined its growth plans in a meeting yesterday. eBay expects revenues to reach at least $13 billion in 2013 (compared to $9 billion in 2010).
Today at eBay’s 2001 Analyst Day, PayPal announced the general availability of its digital goods solution, aptly called PayPal for Digital Goods.
The product is designed for online publishers. "The solution makes paying for content online convenient and secure for consumers, a long-time challenge for all sorts of digital content providers," a PayPal representative tells WebProNews.
Fans of Google Checkout and/or the idea of paying for things with your Android smartphone have reason to cheer this morning: Osama Bedier, the (former) vice president of product development at PayPal, has taken a job with a certain search giant.
Details are light about what Bedier might do at Google. Nonexistent, really, so we’ll be sure to provide an update if and when that info becomes available. UPDATE: Bedier’s LinkedIn profile now indicates he’s a VP at Google.
Today, Microsoft launched WebMatrix, a new tool described as a way to make web development easier for people of all skill sets – from the novice to the expert. Now, PayPal has announced the PayPalX helper built specifically for Microsoft’s offering.
PayPalX Helper lets developers integrate payments within their web sites or e-commerce applications built using WebMatrix.
Different estimates put China’s population in the neighborhood of 1.3 billion people, and soon enough, PayPal intends to start helping them do business worldwide. PayPal will open an ecommerce hub in Chongqing with the local government’s blessing.
This won’t be a simple matter of encouraging people to use the online payment system when making purchases and accept it when making sales. Instead, it looks like the company means to interact with merchants in a number of ways, presumably earning their respect and loyalty in the process.
The service that provides eBay with a good chunk of its revenue now has a new chief financial officer. eBay announced today that Patrick Dupuis, formerly of contact center outsourcing specialist Sitel, is taking the CFO position at PayPal.
If that seems like an odd career path, the fact that BJC Healthcare, a nonprofit healthcare organization, employed Dupuis prior to Sitel may send your eyebrows even higher. Dupuis did serve as CFO at both those outfits, however.
Love it or hate it, a huge number of people are more familiar with PayPal than with any other online payment system. And so the Android Market may soon seem more much accessible to them, as a new rumor indicates Google is about to reach a payment-related agreement with eBay.
That would represent a significant about-turn on Google’s part. For a long time, the search giant did all it could to downplay the importance of PayPal and promote Google Checkout, linking to its service from Google.com and offering shoppers significant discounts.
Update: As far as availability, PayPal tells us, "Mobile Check Capture is currently available in the US only. The underlying technology that makes this possible is based on legislation passed by US Congress in 2004 as a result of the 9/11 attacks. The legislation, called "Check Clearing for the 21st Century," or "Check 21," gives US financial institutions the opportunity to clear checks using imaging technology rather than transporting the paper itself.
Some iTunes users are finding that scammers are stealing their money through PayPal. Numerous people have been claiming as much on Twitter and Facebook.
PayPal may release a micropayment service before th year ends if reports are accurate. President Scott Thompson is said to have indicated as much.
The move would make too much sense not to come sooner or later, and sooner would no doubt be in PayPal’s best interest. Not only are social games among the biggest trends of the web, but news organizations are still experimenting with ways to drive revenues, and micropayments are not out of the question for some.
PayPal has announced the launch of version 2 of its Android app. This feature "bump" technology, which lets two users bump their phones together to send money (much like the existing iPhone app).
PayPal is offering a new open source toolkit for Google App Engine that lets you integrate Java apps running on App Engine with the new PayPal Adaptive Payments API. The Adaptive Payments API lets developers embed payments into their apps, services, and platforms.
PayPal has announced that it now accepts credit cards in apps. The company’s payments platform, PayPal X, now has a Guest Payments feature.
"With this new feature, developers will now be able to accept credit card payments without requiring customers to open up a PayPal account," a spokesperson for the company tells WebProNews.
PayPal announced an agreement with Convio, a provider of solutions for nonprofits to raise funds, to let Convio implement PayPal to collect donations online. PayPal says this will help boost donations for Convio’s 1,300 nonprofits and give them access to the 84 million active PayPal users across the globe.
Microsoft, eBay and PayPal have launched an Internet Fraud Alert system aimed at helping security researchers report information they find online about stolen data.
Microsoft says its Internet Fraud Alert service will allow security researchers to more securely share information with service providers, retailers, financial institutions and government entities about incidents where compromised account credentials have been discovered.
Look for many, many interesting new PayPal apps and services to surface over the next four or so months. The second PayPal X Developer Challenge was announced today, and the competition is sure to draw lots of participants with $150,000 in prizes on the line.
A PayPal representative explained in an email to WebProNews, "[T]he grand prize is worth $100,000 – $50,000 will be deposited directly into the winner’s PayPal account and the other $50,000 will go towards waived transaction fees."
Update: When asked about PayPal pursuing other collaborations wtih government agencies, Anuj Nayar, the director of globalcommunications at PayPal, tells us:
Our mobile strategy in Asia Pacific covers 5 areas:
1. Provide consumers with a simple, fast, secure checkout experience on the mobile phone.
2. Provide merchants with an easy integration of their online shopping site with the mobile phone.
This week MasterCard announced a new developer initiative, which will place MasterCard payment technology in mobile and online apps.
"We are excited about tapping into the ingenuity of software developers around the globe to help create the next generation of game-changing payment applications," said Josh Peirez, Chief Innovation Officer, MasterCard Worldwide. "We feel this will unleash innovation within our industry especially in the burgeoning areas of e-commerce and mobile payments."
There has been a wide range of interesting announcements coming out of Google I/O this week where WebProNews is covering the event.
Update Google I/O
I’m out here at Google I/O where PayPal made a couple of announcements: the availability of its Mobile Payments Library for Android and the launch of its PayPal X Toolkit for Google App Engine.
Update: Here is an interview we did with PayPal’s Rasesh Shah on the announcements:
A study released this week sponsored by FIS, PayPal and NACHA, found that demand for electronic P2P payments and transfers is growing rapidly, and that the interest of making these and other payment transactions through an ePayment Portal is also strong.
According to the study, of those who were interested in the Portal concept, 70% would be likely to use P2P payment services within that Portal.
Earlier this week, Alibaba.com launched a new business-to-business platform, and now, it looks like eBay and PayPal will get a boost from it, too. It’s been decided that AliExpress will offer PayPal as a payment option.
This may turn out to be a significant moment for both sides. Alibaba is a successful ecommerce platform based in Asia, with about 47 million registered users, but of course AliExpress is brand new. And PayPal is a big moneymaker for eBay, with roughly 84 million active accounts in existence, but Asia isn’t its home market.
A recent study found that consumers are getting more comfortable with mobile shopping, and you best believe that will only continue, as people continue to spend more of their web time on their phones. So as everybody reaches for their mobile devices to make payments, which platforms are they going to use?
Ebay’s online payment service PayPal said today it would double the number of employees in Asia Pacific from 1,000 currently to more than 2,000 by the end of the year.
PayPal said it plans to add more than 100 new jobs at its international headquarters in Singapore. New jobs will be located at all seven offices including Australia, China, Hong Kong, India, Japan, Singapore and Taiwan. For its Singapore business headquarters, PayPal will be seeking Singapore-based people with background in technology, product development, infrastructure design, risk and engineering.
Rob Millis and Will Cohlan, the pair beyond the web show Political Lunch, gave a presentation at SXSW called "Beyond Advertising: Can Online Video Finally Pay?" The discussion led to the unveiling of a tool for online video monetization called Dynamo Player.
The goal (short-term at least) of the tool is to simplify the process of uploading a video to the web, making it portable, and quickly getting viewers to pay for it.
This has not been a great week for American tech companies trying to do business in Europe. First, Google got in trouble over allegedly anticompetitive search practices and its policy on Street View data retention. Now, German antitrust authorities are looking at the way in which eBay has supported PayPal.
Thanks to Google, PayPal, and Mozilla, the anti-malware organization borne out of Harvard’s Berkman center has become an independent entity. StopBadware.org is now a non-profit known simply as StopBadware.
This change should be viewed as more evolutionary than revolutionary; like before, StopBadware will work to minimize the threat of malware, and at the moment, nothing more significant than some colors, logos, and site content has been changed.
PayPal has launched a new "Send Money" app for BlackBerry. It is now available for free via the BlackBerry App World.
"Have you ever gone to lunch with friends and forgotten your wallet, but remembered your BlackBerry? Well you longer have to be the friend who is constantly borrowing cash," says Eric Duprat from the PayPal Mobile team.
The app lets users quickly send money to people around the world – anyone in their contact list.
For the second year, PayPal is running the Regift the Fruitcake campaign, an effort to raise money for charity through the sharing of a virtual fruitcake. The slogan is, "By giving the gift no one wants, you’re giving the gift that everyone needs."
PayPal is asking people to participate by logging onto the site to create a fruitcake on behalf of a featured charity (there are 25 of them), make a donation to a charity using a PayPal account, and using Facebook Connect to regift the fruitcake to friends.
eBay and PayPal announced today that they are now offering Bill Me Later as a payment option during checkout. This means that "qualified" customers in the U.S. can now buy items and pay for them over time without using a credit card.
The option will be available for Buy It Now and approved auction purchases on eBay. It is also available at "tens of thousands" of online stores that accept PayPal Express Checkout.
Despite being on the job for less than six months, new-ish president and CEO of eBay John Donahoe certainly isn’t afraid to make changes. Even as obstacle after obstacle pops up to interfere with the sale of Skype, Donahoe announced that he often considers parting with PayPal.
Reports have "Wall Street Gossips" talking about Apple working on a "PayPal killer". This would be in the form of the iTunes store turning into a payment system.
There’s no telling how much truth there is to these rumors, but the world is going to need some more options when PayPal goes down, as it did last night, causing quite a stir across the web. PayPal apologized for this by way of the PayPal blog. SVP, Technology Scott Guilfoyle wrote:
PayPal announced that it is opening an API to developers to allow them to embed PayPal’s payment system into their own apps and platforms. The company, a subsidiary of eBay, says this is the first global payment platform to open to third-party developers.
eBay announced its second quarter results yesterday, and claims to have had a strong second quarter, slightly higher than expectations. Here are some of the numbers:
– Second quarter revenue was $2.10 Billion (a $97.7 million decrease year-over-year)
– Net income on a GAAP basis was $327.3 million ($0.25 per diluted share)
– Non-GAAP net income was $478.6 million ($0.37 per diluted share)
– eBay generated $730.7 million of operating cash flow during Q2 and free cash flow during the quarter was $602.3 million
Online spending in the U.K. is set to increase from $14.6 billion to as much as $34.9 billion in annual sales by the end of 2011, according to a new report by PayPal.
This 137 percent growth in online spending means consumers in 2011 will spend the equivalent of about $705 for every U.K. adult – more than doubling the current annual online spending.
Close to half (45%) of online shoppers have abandoned their carts multiple times in the past three weeks due to high shipping costs, security concerns and lack of convenience, according to a new survey released by PayPal and conducted by comScore.
High shipping costs was the most commonly given reason for cart abandonment with the average cost of abandoning U.S. shopping carts reaching $109. The survey found that providing shipping costs upfront might have led to 40 percent to complete the purchase.
PayPal requires reserves for a percentage of sellers. That percentage is less than 1% according to the company. PayPal likens the reserves to a security deposit to cover future chargebacks and reversals.
Since PayPal began this practice, they have had a lot of questions about it from sellers, and hoping to clear up some confusion, Bill Clark, an analyst with PayPal’s risk team offered the following explanation on the PayPal Blog:
eBay announced today that starting in early May, inventory from Half.com will become available through eBay.com. The company says it is giving sellers an advance warning 60 days notice.
This could be a move to get people paying attention to the company’s other properties as eBay.com continues to be heavily criticized. They also recently announced more focus on their PayPal property.
Monroe Labouisse, the director of PayPal’s business on eBay in the US and Canada sat down with eBay’s chief Blogger Richard Brewer-Hay and sketched out this post explaining the policies behind eBay Item Holds.
An eBay Item Hold is when eBay asks PayPal to hold a payment in a seller’s PayPal account for up to 21 days. This occurs as a "buyer protection" when eBay believes the transaction is more likely than the average transaction to be fraudulent.
Here’s hoping eCommerce sites are satisfied with the number of shoppers they’ve received so far this season; a new Hitwise report makes it look like things have already crested in at least one respect. Yet there may be ways for retailers to succeed, and consumers are certainly in a good position.
When auction revenue falls, eBay decides to bank on payment processing and online classifieds. eBay is buying online bill pay service Bill Me Later and two other companies which are based in Denmark.
eBay Australia has officially dropped its proposal to move to a PayPal only system in the country.
eBay’s decision comes after sellers expressed their anger last week at a conference held by the Australian Competition and Consumer Commission (ACCC) on the company’s plans to only accept PayPal on the site.
The new plan would have forced sellers to pay fees to PayPal Australia on top of the fees they pay to eBay.
eBay users everywhere were pleased when the company gave up on making PayPal the only allowable payment option in Australia. But Hitwise has taken a look at the company’s standing on that continent, underlining what was (and may still be) at stake within its borders.
Last month the Australian Competition and Consumer Commission (ACCC) introduced a draft proposal to put eBay Australia’s plan to move to a PayPal – only system on hold.
Yesterday in Sydney eBay sellers gathered at a conference organized by the ACCC to discuss the draft proposal before the July 3 deadline for submissions. The sellers urged the ACCC to not to allow eBay to go to a PayPal only system in the country.
PayPal has revised its policy concerning international transactions under Section 4.3 of the PayPal users agreement that goes into effect July 9, 2008.
PayPal spokesman Michael Oldenburg told WebProNews that eBay was not requiring all international shippers to accept PayPal. The policy states that if eBay sellers accept PayPal, they are required to accept it for all transactions, for domestic and international payments.
eBay is requiring global sellers to increasingly accept its PayPal payment service. In the U.S. eBay is forcing sellers who ship internationally to accept international PayPal transactions under Section 4.3 of the PayPal users agreement that goes into effect July 9, 2008.
All sellers in the UK are required to accept PayPal in all of their listings and eBay is challenging government regulators in Australia over its plan to move to a PayPal only system in that country.
The Australian Competition and Consumer Commission (ACCC) have told eBay to put its plans to move to a PayPal only system on hold.
"The ACCC is concerned that the notified conduct will allow eBay to use its market power in the supply of online marketplaces to substantially lessen competition in the market in which PayPal operates," ACCC Chairman, Mr. Graeme Samuel, said today.
eBay users have been curious to find out who submitted an anonymous filing to the Australian regulatory agency that is reviewing eBay’s plan to move to a PayPal only option.
The submission says eBay should not be allowed to exclude competing payment methods. An AuctionBytes reader found a 38-page PDF filing that appears to have come from Google.
After negative publicity about an eBay plan to require users in Australia to use PayPal-only, its online payment system, rumors about a similar policy in the U.S. were met with a forceful denial from the company.
"In the U.S., we are not mulling, planning, or otherwise seriously considering a move to PayPal-only," wrote spokesman Usher Lieberman on the company’s eBay Ink blog. "There are U.S. market-specific reasons why PayPal-only is something we simply cannot do in the U.S."
eBay Australia says it plans to only accept online payments through its PayPal system beginning June 17.
The move by eBay is likely in violation of the Australian Trade Practices Act and the regulatory body Australian Consumer and Competition Commission (ACCC) is asking for the public comment on eBay’s policy.
eBay has written the ACCC requesting immunity from legal action under the Trade Practices Act.
Google Checkout, Google’s online payment system, is extending its free processing until February 1, 2008.
The promotion was going to end on December 31, 2007. If you’re a Google Adwords customer for every dollar you spend on AdWords, you can process $10 of sales with Google Checkout for free. After that you’ll be charged 2.0% plus $0.20 per transaction no matter what credit card is used. There are no monthly, setup, or gateway fees.
Just received a string of clever phishing scam emails through different email addresses I operate.
I know they are phishing attempts because:
1. They do not address myself in a personal sense, ie, by name
2. They are being sent to addresses I do not use for Paypal transactions
However, they are quite convincing because even in the junkmail folder, these emails appear to have standard HREF links to the Paypal.com website.
PayPal has partnered with MasterCard to release the PayPal Secure Card. It’s a virtual credit card that generates a unique credit card number for each online transaction. Nothing new here, except as of tomorrow you can download software so you can easily use the service on any site, regardless if they accept Paypal or not. PayPal has been testing the feature with 3 million of its customers this past year.