#PayPal spends $2 billion dollars on Swedish company, #iZettle

PayPal is acquiring Swedish money processor, iZettle, for a cool $2 billion dollars. The acquisition is the biggest that PayPal has ever made, and the timing is odd: iZettle was getting ready to have an IPO. iZettle taps the market of small businesses, providing mobile card readers and other digital payment products. Founded in Stockholm […]

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#PayPal : New fees, new rules, small fry #domainers will face challenges

If you’ve been (ab)using the “send money to friends and family” feature on PayPal to pay for domain names, it’s getting more expensive. PayPal is changing its User Agreement, Privacy Policy, PayPal Here Agreement and the PayPal Website Payments Pro and Virtual Terminal Agreement – the changes will be effective to all PayPal users in […]

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PayPal enables instant fund transfers to a debit card

PayPal is rolling out a feature allowing almost instant transfers of funds to qualified debit cards. By linking a qualified debit card to your PayPal account, you can move funds to it within 30 minutes, as opposed to waiting for a minimum of one day. The feature costs $0.25 dollars per transfer, and it’s not […]

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PayPal updates policies; becomes more expensive for domain investors to transact

Domain investors using PayPal for sending payments overseas will pay higher fees, starting March 29th, 2017. The PayPal set of policies has been updated, and some fees have been increased: For example: We are changing the currency conversion spread charged when we perform a currency conversion for you from charging an additional 2.5% over the […]

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PayPal yok : Popular payment system leaves Turkey

PayPal is pulling out of Turkey, leaving many loyal customers hanging. Turkish authorities demanded that all data related to transactions should remain on servers that are physically located in Turkey, something that PayPal refused to do. In a notice to customers, PayPal explained that they would no longer be able send or receive money, beginning […]

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PayPal pulls personal payments out of Puerto Rico

For any country undergoing capital controls, the implemented measures aren’t fun for the local economy. PayPal has now effectively pulled out of Puerto Rico, terminating its services in the unincorporated U.S. territory, as far as personal payments are concerned. According to an update to its Policies, PayPal states the following: “Person to person payments will […]

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PayPal free again : Nasdaq symbol is PYPL with matching .com domain

PayPal is officially an independent company once again, almost 13 years since eBay acquired it for $1.5 billion dollars. The transaction facilitator company enters the Nasdaq stock exchange under the ticker symbol PYPL. Dan Schulman, PayPal CEO stated: “It’s been a privilege for everyone here at PayPal to have worked so closely with you and […]

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NamePros : Are your domain transactions using PayPal safe?

PayPal has received criticism all along, for not supporting cases of fraud involving “intangible assets“, such as domain names and software. Effective July 1st, a change in PayPal rules expands coverage to intangible objects such as software, but mostly protects the buyer – not the seller. A long thread over at NamePros describes the plight […]

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Domain sales tool : PayPal updates policy terms ahead of split from eBay

PayPal will soon be a separate entity from eBay; the corporate decision to spinoff the financial transaction giant was taken a while back. Often used in transactions involving domain names, PayPal operates in a territory that manages billions of dollars annually. With that in mind, PayPal sent a notice email, to notify its users about […]

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Egyptian ‘ethical hacker’ gets $10,000 reward from PayPal

Yasser Ali, an Egyptian student and ‘ethical hacker’ found a pair of serious vulnerabilities at PayPal, including a method that allowed a “single click” infiltration of user accounts. The PayPal security team fixed the gaping holes that would allow cross site request forgers to execute authorized commands, eventually taking full control of PayPal accounts. In […]

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Flippa sale ends in chargeback for transferred domain name

A domain owner who sold the domain name Bullshark.net on Flippa, claims that the domain was essentially stolen, as the payment by the buyer was reversed. The sale of Bullshark.net was completed in early April, and in late July, the payment was reversed at PayPal by the buyer. After contacting PayPal with proof of transferring […]

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Move over PayPal: Amazon launches Amazon Payments in direct competition

In direct competition to PayPal, Amazon has launched a new service today, aptly named “Amazon Payments.” Operating from AmazonPayments.com the new service charges 2.9% from each transaction, plus 30 cents. Users can shop online, being able to both send and receive money to Amazon and thousands of other web sites. By rolling out Amazon Payments, […]

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