PayPal

Amazon adds 10M users to its payments service, escalating PayPal rivalry

by Jillian Stampher on February 7, 2017February 7, 2017 at 4:57 amComment

PayPal said recently that it has been talking with Amazon about adopting its payments service on Amazon.com, but the Seattle-based e-commerce giant is reporting significant growth today for its own rival payments service for third-party sites. A… Read More

Report: Amazon and PayPal have discussed payments partnership, PayPal CEO says

by Jillian Stampher on January 27, 2017January 27, 2017 at 9:20 amComment

Amazon customers could someday be able to use PayPal for their purchases. In an interview with Bloomberg News, PayPal CEO Dan Schulman said the company has had discussions with Amazon about partnering, although… Read More

Microsoft, Expedia join fight against North Carolina transgender ‘bathroom bill’

by Nat Levy on July 8, 2016July 8, 2016 at 3:20 pm 3 Comments

Microsoft and Expedia are among 68 companies that have signed an amicus brief from the Human Rights Campaign in support of the U.S. Department of Justice’s effort to block parts of North Carolina’s controversial… Read More

Amazon expands payment platform with partner program for merchants

by James Risley on April 4, 2016April 4, 2016 at 12:17 pmComment

Amazon Payments is finally competing head-on with PayPal, Stripe and other payment processors. The retail giant announced today that it is expanding its Amazon Payments program to include e-commerce platforms… Read More

Venmo’s secret sauce: PayPal CEO on the future of the fast-growing social payments app

by Taylor Soper on April 4, 2016April 4, 2016 at 11:33 am 7 Comments

NEW ORLEANS, La. — On its surface, Venmo is a mobile app used by thousands of users each day to transfer money. But aside from being a convenient way to pay one… Read More

PayPal rolls out a third option to make sending money to your friends easy

by Tricia Duryee on September 1, 2015September 1, 2015 at 9:49 am1 Comment

Now you have no excuses to split that dinner bill or pay your friend back for movie tickets. Today, PayPal is introducing a new peer-to-peer payment service that makes it… Read More

Subway partners with PayPal to let you order that foot-long sandwich from your phone

by Tricia Duryee on July 29, 2015July 29, 2015 at 11:57 amComment

Subway customers can now skip the line by placing orders for their six-inch or foot-long sandwich on their phone or computer. The fast-food sandwich shop, which operates one of the largest… Read More

Is PayPal’s strong public market reception fueling interest in Stripe and Square?

by Tricia Duryee on July 28, 2015July 28, 2015 at 9:33 amComment

On its first day of trading as a publicly held company, PayPal’s value soared to $50 billion following its spin-out from eBay. That interest now appears to be fueling a secondary… Read More

It’s payday for PayPal: PayPal’s now worth $50 billion and eBay only $35 billion

by Tricia Duryee on July 20, 2015July 20, 2015 at 10:56 am 3 Comments

eBay’s smaller payments unit isn’t so small anymore. PayPal, which enables peer-to-peer transactions and digital payments, is now worth $50 billion on its first day of trading. Meanwhile, it’s former parent… Read More

News Brief

PayPal’s value soars to $44B as trading begins ahead of eBay spin-off

Everything you need to know about eBay and PayPal’s split — and how it impacts Amazon

by Tricia Duryee on July 1, 2015July 1, 2015 at 3:28 pm 8 Comments

In just a couple of weeks, eBay and PayPal will no longer be bound together at the hip, ending a 13-year corporate marriage. The plan was originally announced last year, and last… Read More

PayPal brings ‘One Touch’ service to the web to speed check-out

by Blair Hanley Frank on April 28, 2015April 28, 2015 at 11:26 am1 Comment

PayPal is bringing a new service to the web that will let people make their purchases even faster. Called One Touch, the service rolling out today allows people to pay with PayPal… Read More

Inside Palantir’s swanky Seattle launch event: Secretive big data company courts engineers

by Todd Bishop on March 12, 2015March 12, 2015 at 10:19 amComment

Palantir Technologies made its official entrance into the Seattle technology community last night with an upscale event in the Pioneer Square neighborhood —courting engineers with a full buffet and open bar, and providing… Read More

EBay looking to trim thousands of jobs next year, report says

by Tricia Duryee on December 10, 2014December 10, 2014 at 3:39 pm 2 Comments

EBay is mulling a significant round of layoffs that could result in thousands of job losses early next year. Sources told The Wall Street Journal the cuts are primarily expected to occur in… Read More

News Brief

Square raises $150M to achieve a $6B valuation

EBay trades lower as investors question reasons for PayPal spin off

by Tricia Duryee on October 1, 2014October 1, 2014 at 10:19 am 6 Comments

eBay shares are not getting a bump from Wall Street today, following Tuesday’s announcement that it is spinning off PayPal into a separate company. Shares of the San Jose-based company are trading lower… Read More

eBay to spin off PayPal in 2015, CEO John Donahoe stepping down

by John Cook on September 30, 2014September 30, 2014 at 7:21 am 4 Comments

Shares of eBay jumped more than six percent on Tuesday as the online retailer and marketplace announced plans to spin off its PayPal payments business in 2015, a plan that was… Read More

Taking stock of the winners and losers: How Wall Street reacted to Apple’s announcements

by Tricia Duryee on September 9, 2014September 10, 2014 at 10:08 am1 Comment

You would have thought that new iPhones, the Apple Watch and an extensive mobile payments service would be enough to keep Wall Street happy. But even a private concert by U2, and… Read More

Braintree teams with Coinbase to allow merchants to take Bitcoin

by Blair Hanley Frank on September 8, 2014September 8, 2014 at 6:21 pmComment

SAN FRANCISCO – Merchants using Braintree’s payment platform will have a new currency to accept, thanks to a partnership between the company and Bitcoin processor Coinbase. Braintree CEO Bill Ready… Read More

Mobile payments: Retailers weigh cost of using Amazon’s system, even if price is right

by Tricia Duryee on August 13, 2014August 17, 2014 at 9:20 am 2 Comments

Will book sellers, bike shop owners and electronics stores use Amazon as its payment provider if they are already worried about it stealing their business? Earlier today, Amazon rolled out a new mobile payments service that… Read More

Startup Spotlight: PayRange announces $2.7M round from PayPal co-founder, ex-Google Payments boss

by Monica Nickelsburg on August 13, 2014February 3, 2015 at 7:06 pm 2 Comments

PayRange, a startup that allows vending machines to receive smartphone payments, today confirmed a $2.75 million round and announced notable investors like former Google Payments head Osama Bedier and PayPal co-founder… Read More

Facebook poaches PayPal boss David Marcus to head up messaging

by Tricia Duryee on June 9, 2014September 2, 2014 at 12:01 amComment

PayPal President David Marcus has just been hired away by Facebook to head up the social network’s messaging division. The announcement is a huge loss to eBay-owned PayPal, which has gone… Read More

Amazon beefs up its payments platform to compete against PayPal, Stripe

by Tricia Duryee on June 9, 2014September 2, 2014 at 12:03 am 2 Comments

Amazon quietly unveiled a new initiative today that will encourage more companies to use its payments platform for the check-out process. The new offering is subtle, but will allow it to compete… Read More

PayPal downplays concern over the alleged Samsung Galaxy fingerprint hack

by Tricia Duryee on April 15, 2014April 15, 2014 at 4:10 pm 4 Comments

PayPal went on the offensive today after a German-based security company demonstrated how a hacker could unlock the Samsung Galaxy S5 and put a PayPal user’s account at risk. In… Read More

Icahn now in favor of eBay having partial custody of PayPal

by Tricia Duryee on March 19, 2014March 19, 2014 at 5:35 pmComment

Let the custody battles begin. Shareholder activist Carl Icahn reversed course today, saying he no longer supported the idea that PayPal be completely spun off from eBay. Since January, Icahn… Read More

Icahn’s reasons for eBay-PayPal spin-off still missing, yet ranting continues

by Tricia Duryee on March 6, 2014September 5, 2014 at 11:08 pm 2 Comments

Shareholder activist Carl Icahn continues a daily stream of threats aimed at eBay and PayPal, and yet has failed to make public his full business case for separating the two… Read More

EBay Issues ‘The Truth About Skype’ in response to Icahn’s Accusations

by Tricia Duryee on March 3, 2014March 3, 2014 at 9:27 amComment

The Skype spin-off has become a core piece of evidence in Carl Icahn’s campaign to force eBay to spin-off PayPal into a separately traded company. In response, eBay issued a letter… Read More

Amazon takes aim at PayPal with new ‘Login and Pay With Amazon’ service

by Blair Hanley Frank on October 8, 2013October 8, 2013 at 11:57 am 4 Comments

You may be seeing more “Pay with Amazon” buttons around the web starting today. Amazon announced today that it’s rolling out “Login and Pay With Amazon,” a service that allows… Read More

Burgers, fries and PayPal: Internet payment system rolling out at restaurants

by Taylor Soper on October 1, 2013October 1, 2013 at 11:49 amComment

Cash and credit cards are so last year. Kirkland-based Viableware today announced a partnership with PayPal, allowing customers to make purchases with PayPal at restaurants using the company’s handheld payment device. Viableware’s RAIL… Read More

Nerd Notes: Gay marriage and sushi, printable guns, and a 5-year-old’s $2,500 iPad spending spree

by Lily Katz on March 1, 2013December 2, 2014 at 9:24 amComment

Editor’s Note: Nerd Notes is GeekWire’s roundup of random geekiness from around the globe. National Day of Unplugging (NDU): Beginning tonight at sunset, and ending 24 hours later, citizens across the… Read More