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All Posts Tagged Tag: ‘paypal’

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 Square is an accepted form of payment at over 20,000 outlets nationwide. For about ten bucks you can go to …

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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 & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, …

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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 & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, …

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PayPal and Coinstar: A Stellar Payment Relationship

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 on folks, only half of mobile subscribers even have a smartphone so it makes sense not to box yourself into …

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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, Lavingia is in the process of writing a book on Gumroad, tentatively entitled “Building a Billion Dollar Company” – reminiscent …

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eBay Opens New Office in Bangalore

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 to mostly all things having to do with the internet, had also seen an eBay development center established in the …

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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 time-consumingly irritating, I understand, they are from a different era. To many people, using your bank account means writing a …

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WHERE Ads Rebranded as PayPal Media Network

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 change is indicative of further integration into the eBay/PayPal family. The new PayPal Media Network name also describes the evolution …

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Over 200,000 Merchants Have Signed Up For PayPal Here

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 and Android, and a credit card reader that plugs into the headphone jack of your mobile device of choice. PayPal …

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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 annualized rate of $5 billion. But, how have they become so popular so fast? That’s easy, it’s all about money. …

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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 compared to Square’s 2.75%. During a San Francisco branch of the YMCA’s charity event called “Sip and Savor,” the organization …

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eBay’s First Quarter Forecasts Continuation of Year Over Year Profits

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, and non-GAAP net income of $725 million, or $0.55 per diluted share. The year-over-year increase in first quarter GAAP earnings …

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