PayPal reported its first-quarter results after the bell on Wednesday, sending shares up about 3% in after-hours trading, due to better-than-expected numbers. Adjusted earnings per share for the payments giant came in at 57 cents, above analyst estimates of 54 cents. Revenue for the quarter was $3.69 billion, up 24% from last year. Analysts surveyed […]
View More PayPal shares tick up after surpassing expectations for the quarterCategory: PayPal
Our event on blockchain will feature the CryptoKitties founder
TechCrunch is poised to break through the huge noise surrounding blockchain with a new event. Zug, the Swiss Canton just outside of Zurich, has come to be known as “Crypto Valley” because it’s become a regulatory haven where startups are increasingly filing their Initial Coin Offerings. It’s also turned into a place where Blockchain startups […]
View More Our event on blockchain will feature the CryptoKitties founderHallelujah, Grubhub will finally split your check for you
Food delivery diehards, the partnership you’ve been waiting for is finally here.
Grubhub, which also owns popular delivery apps Eat24 and Seamless, has announced that diners can now use Venmo to pay for their purchases on all three platforms.&#…
PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead
PayPal is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch […]
View More PayPal to roll out banking products for the ‘unbanked’ in the weeks aheadBraintree launches Extend to integrate loyalty, fraud prevention and other services into payments
Braintree, the division of PayPal that provides payment services to e-commerce and other online businesses, is making its latest move to help raise its game against competitors like Stripe. It is launching a new solution called Extend, a set of tools to integrate Braintree payments more closely and easily with other services that online companies […]
View More Braintree launches Extend to integrate loyalty, fraud prevention and other services into paymentsElon Musk is the ultimate doomsday prepper
As our fractured planet stumbles toward the end of the second decade of its new millennium it’s become de rigueur among a certain class of the super rich to create contingency plans for possible doomsday scenarios that will bring about the end of the world. In a long, fascinating, meandering interview at South by Southwest in Austin yesterday, Elon Musk — the serial entrepreneur… Read More
The FTC settles with Venmo over a series of privacy and security violations
The FTC announced today it has settled with PayPal over a complaint about the company’s handling of privacy disclosures in its peer-to-peer payments app Venmo, its lack of disclosure over the speed with which customers could access funds, as well as other issues related to the security and privacy of customer transactions. News that the Federal Trade Commission was looking into… Read More
Zelle users are finding out the hard way there’s no fraud protection
Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number of customers report having lost hundreds, or even thousands of dollars, over Zelle, when they used it for transactions with people they didn’t know – like tickets bought off a… Read More
WeTravel builds a group payment platform for small travel businesses
WeTravel wants to be the payment platform for small travel companies and group trips. Founded by three immigrant entrepreneurs who met at University of California, Berkeley, the company has just closed a $2 million seed round to expand its busine…
View More WeTravel builds a group payment platform for small travel businessesPayPal sees 24% revenue growth in its latest quarter
PayPal impressed Wall Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant beat analyst expectations for both sales and profit. PayPal reported $3.71 billion in revenue on a foreign-exchange neutral basis, or 24% growth from the same period last year. Analysts were expecting $3.63 billion in revenue for the quarter. Adjusted earnings per… Read More
Sellers can now invoice buyers through PayPal’s new chat extension for Messenger
PayPal and Facebook are expanding their integrations today with the launch of an extension for Messenger that allows PayPal sellers to invoice buyers directly through private messaging. The feature is ideal for use with Facebook’s numerous Buy and Sell groups as well as Facebook Marketplace, in addition to being an easy way to send PayPal invoices in general. The launch comes on the heels… Read More
PayPal to sell $6 billion in consumer loans to Synchrony Financial
PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies. The deal also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution, the company said. Following the news, shares of… Read More