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PayPal Introduces Mastercard Payment Solution PayPal Introduces Mastercard Payment Solution
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If you’re a frequent user PayPal, you’ll be happy to see that they’re making the prepaid Mastercard available at 7-Eleven stores, and other chains owned by 7-Eleven. With 110 million customers and counting, PayPal wants to entice customers to start …

PayPal Gets a Much Needed Website Makeover PayPal Gets a Much Needed Website Makeover
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No doubt PayPal is a leader in the payment industry, but many thought the website could use a little refresh. Apparently so did PayPal, because today they are expected to unveil a much needed redesign of their main website. According …

Square Inc. Hits the Two Million User Mark Square Inc. Hits the Two Million User Mark
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Square Inc., Twitter co-found Jack Dorsey’s latest venture, has really taken off lately. Just about six months ago, the company reached a milestone of 1 million users. Today, they reached another milestone and now have over 2 million users. Annually …

PayPal Teams Up with Comcast & TiVo to Offer E-Commerce on Television Sets PayPal Teams Up with Comcast & TiVo to Offer E-Commerce on Television Sets

Get ready! Starting this Fall some cable TV subscribers will be able to donate money and buy products and services from their television sets. PayPal, EBay’s online pay service, has teamed up with Comcast Corporation and TiVo to bring the …

Square Inc. Doubles its Reach to Over 20,000 Retailers Square Inc. Doubles its Reach to Over 20,000 Retailers

Back in April, Twitter’s Jack Dorsey announced that his newest venture, Square Inc was already processing about $5 billion worth of transactions per year, and being used at almost 10,000 stores around the country. Today, that number has doubled and …

PayPal Adds 4 UK Stores to Offline Payment Solution PayPal Adds 4 UK Stores to Offline Payment Solution

PayPal had recently announced on its blog that it’s outfitting 15 new U.S. brick and mortar retailers to use its offline payment and shopping solutions. The stores include Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & …

PayPal Adds 15 Stores to Offline Payment Solution PayPal Adds 15 Stores to Offline Payment Solution

PayPal has just announced on its blog that it’s outfitting 15 new U.S. brick and mortar retailers to use its offline payment and shopping solutions. The stores include Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & …

PayPal and Coinstar: A Stellar Payment Relationship PayPal and Coinstar: A Stellar Payment Relationship
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Dan Schatt, Head of Financial Innovations at PayPal wants to let consumers know they are “thinking outside the phone”. It sounds kind of corny, but what he’s actually referring to is payment innovations beyond just what benefits smartphone users. Come …

Payments Startup Gumroad Raises $7 Million Payments Startup Gumroad Raises $7 Million

Nineteen-year-old Sahil Lavingia’s online payments company Gumroad has raised $7 million in its first round of funding led by Kleiner Perkins Caufield & Byers, according to the young entrepreneur’s blog. Young people are making bank in Silicon Valley, and interestingly, …

eBay Opens New Office in Bangalore eBay Opens New Office in Bangalore
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According to the PayPal official blog, eBay is set to open a Global Development Center in Bangalore, India, which is projected to bring roughly 1,000 new jobs to the area over the next three years. India, increasingly “touchy” in regards …

The Evolution of Mobile Payments [Infographic] The Evolution of Mobile Payments [Infographic]

It happens to me every time I go to the store, usually at Walmart or the grocery store, the person ahead of me, usually over the age of 60, is paying with a check. The funny thing is, although it …

WHERE Ads Rebranded as PayPal Media Network WHERE Ads Rebranded as PayPal Media Network
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PayPal’s official blog has just announced that it’s WHERE advertising platform has been rebranded as the PayPal Media Network. Roughly a year ago, eBay acquired local commerce company WHERE, one of the largest mobile location-based advertising networks, and the name …

Over 200,000 Merchants Have Signed Up For PayPal Here Over 200,000 Merchants Have Signed Up For PayPal Here
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Back in March PayPal launched their Square competitor, PayPal Here. Like Square, PayPal Here is a mobile payments solution geared primarily to small businesses (though any business can use it). The service includes a free app available for both iOS …

Square Increases Payment Volume by 25% Square Increases Payment Volume by 25%

As you may already know, Square Inc., the new mobile card reader and payment service, is becoming more popular with merchants. In fact, they have increased their payment volume by 25% since March. Currently they are processing payments at an …

YMCA First Non-Profit to Use PayPal Here YMCA First Non-Profit to Use PayPal Here

PayPal’s official blog has just announced that the YMCA is the first non-profit organization to use its new Paypal Here platform to accept donations. PayPal Here, similar to Square’s Card Reader system, charges a 2.7% fee on all transactions, as …

eBay’s First Quarter Forecasts Continuation of Year Over Year Profits eBay’s First Quarter Forecasts Continuation of Year Over Year Profits
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eBay Inc. was pleased to report today that revenue for Q1FY12 increased 29% to $3.3 billion, compared to the same period of 2011. They recorded Q1 net income on a GAAP basis of $570 million, or $0.44 per diluted share, …

PayPal Payments Launches With Standard, Advanced And Pro Versions PayPal Payments Launches With Standard, Advanced And Pro Versions

PayPal announced the launch of PayPal Payments, which is a single product with three tiers of functionality for small businesses in the U.S. The tiers are Standard (free), Advanced ($5 a month) and Pro ($30 a month). Her’s the full …

Square Hires Tesla Executive; Plans to Double Staff Square Hires Tesla Executive; Plans to Double Staff

Bloomberg reports Square Inc. is making an effort to double their staff this year. Producing credit card readers for the mobile device industry, they handled over $4 billion in transactions just last year. Squares main competitors include Intuit Inc., and …

PayPal Accepted At Gas Pumps (Cumberland Farms) PayPal Accepted At Gas Pumps (Cumberland Farms)
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PayPal is moving into an important payments space – the gas pump. The company announced a new partnership with Cumberland Farms, one of the largest networks of convenience stores in the North East. Customers will be able to pay at …

New PayPal President David Marcus Talks About Past, Present & Future New PayPal President David Marcus Talks About Past, Present & Future

In case you’d like to know a bit more about the new president of PayPal, eBay’s Richard Brewer-Hay posted an interview with David Marcus on the eBay Ink blog for that very reason. News of Marcus’ appointment to the President …

David Marcus Named PayPal President At eBay David Marcus Named PayPal President At eBay
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PayPal has a new President, and his name is David Marcus. He’s been with the company since last year. He came over when PayPal acquired Zong, and became PayPal’s VP of Mobile. eBay CEO John Donahoe writes on the PayPal …