PayPal was launched in 1998 by a group that consisted of Elon Musk and Peter Thiel. It had its beginnings as a solution to pay for products online when most of the population was still purchasing its goods and services by paper check or cash. Fast forward to 2021, and the company had amassed over 400 million users. Its famous...
With the growing popularity of e-Commerce, any merchant looking into launching an online venture must carefully consider how they will be processing customer payments. When researching the best payment service provider, one must look at a variety of specificities such as the availability of funds, access to offshore accounts, and even hidden fees. The most popular methods that new merchants...
PayPal is without a doubt the most popular, most ubiquitous payment provider worldwide. Its impact continues to grow so much that a survey conducted by Statista indicated that in the third quarter of 2018, Paypal had amassed 254 million accounts from around the world, a far cry from its humble beginnings of only 84.3 million in the first quarter of...
PayPal and Stripe are tools to handle online payment processing. Are you interested in a PayPal merchant account? Maybe you need a Stripe account for your business? This article will help you figure out when it’s right to use them. Also, you’ll get to know when it’s better to go with traditional merchant account from a payment processor. Choosing a...
While PayPal is one of the common options most retailers consider when looking to process credit card payments, there’s always the question of whether you can use it for your merchant account for high risk business. Unfortunately, you can’t, because they don’t accept merchants like you. Along with other payment aggregators like, Stripe and Square, PayPal is not willing to...
PayPal is a probably the most popular and trusted way to transfer, send or receive money online. However, it’s not necessarily the best one. You can find other great services out there that offer more benefits and less hassle as compared to PayPal. PayPal has some downsides, especially when it comes to PayPal merchant services, which make users look for...
In 2015, PayPal and eBay turned into separate companies. According to eBay, both companies expected to drive benefits from the separation. As Neira Jones, UK payments expert notes, one of the strategic factors that played a significant role in the separation was the constant divergences about the future ambitions between the companies. PayPal was trying to become a regulated payment...
13 years have passed since eBay acquired PayPal in a $1.3 billion deal. Now, eBay and PayPal are separate companies facing the highly competitive e-commerce world on their own. According to analysists in the field, the separation will help PayPal grow more quickly and fight the competition in the mobile payments space more successfully. eBay and PayPay as 2 Separate...
In the 4th quarter of 2016, the Commerce Department reported that e-commerce had 14.3% year-over-year sales growth to make up $102.7 billion, with total retail sales representing 4.1% in the same period. E-commerce sales accounted for only 8.3% of total retail sales in the US alone. Using PayPal for eBay According to Datanyze, the leading technographics provider, PayPal plays a...
PayPal is a highly popular platform that enables users to make monetary transactions. With PayPal, there is no need for bank transfers and checks: it just requires both the receiver and sender to have a valid PayPal account to complete transactions. Since PayPal’s spin-off and its 2nd IPO in July 2015, the company’s shares have gone up by over 20%...
