Tag: paypal
iZettle launches payment card reader made from fishing nets
Financial technology firm iZettle has unveiled a card reader for small businesses made from recycled ocean plastic. The PayPal-owned company has launched the Ocean Reader, which it says is 75% made from old fishing nets and ropes collected from the North and Baltic Seas. iZettle said the project has already seen the firm remove more…
PayPal: Political parties should check donations
PayPal has defended its platform amid concerns of anonymous foreign donors using the service for donations to political parties in the UK. Official donations of £500 or more must be given by a “permissible donor” who should either be somebody listed on the UK electoral roll or a business registered at Companies House and…
Visa and Mastercard pull out of Facebook’s Libra currency
Visa and Mastercard have announced their departure from Facebook’s Libra project in a potentially fatal blow to the social network company’s plan for a worldwide digital currency. Along with the two payment giants, several other large companies have said they are exiting Libra. Payment processing company Stripe said it is stepping back, as well as…
PayPal fined £250,000 over iZettle deal
Online payments giant PayPal has been fined £250,000 by Britain’s competition watchdog for failing to keep it and iZettle separate in the UK while an investigation was carried out into their merger. US-based PayPal had already bought Sweden’s iZettle in September 2018 for $2.2 billion (£1.7 billion), but the Competition and Markets Authority (CMA) put…
Facebook to launch Libra cryptocurrency and digital wallet next year
Facebook has confirmed it is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphone. The currency is known as Libra, which the social network says it has “no special role” in governing and will manage the reserve…
FA Matchday app lets players use PayPal to pay match fees
Amateur football players can now pay their match fees via their smartphone thanks to an update to an official app. Digital payments service PayPal has signed a partnership with the Football Association (FA) to enable grassroots footballers to pay match fees from their smartphones. The FA Matchday app will now offer an online payment system…
Vodafone’s VOXI partners with PayPal to offer interest free deals on smartphones
Vodafone's youth brand VOXI has announced a collaboration with PayPal that it reckons will give customers a more flexible and affordable way to purchase a smartphone with no upfront cost and 0% interest using PayPal Credit. Offering monthly instalments over 30 months for its range of smartphones via PayPal Credit, VOXI customers will have full control over…
Was a boardroom dispute to blame for Paypal and eBay splitting up?
Yesterday we reported that Paypal and eBay are consciously uncoupling into two separate companies. Now further details have emerged adding context to events: It turns out there was another woman. Bank Innovation reports on a recent bust-up between eBay CEO John Donahoe and former Paypal President David Marcus. Apparently Apple and Paypal had been in…
eBay and Paypal split into separate companies – here’s why they’re consciously uncoupling
Intriguing corporate news today as eBay has announced that it is calling it quits with Paypal. The payment system, which was co-founded by electric cars and space tech entrepreneur Elon Musk is being spun off as a separate company. The split will see current eBay Marketplaces President Devin Wenig become the new CEO of a…
Google Play adds Paypal as a payment option
Google have added Paypal has a payment option to Google Play – meaning the service can be used to pay for everything from apps to videos and books on the service. The service is perhaps most well known for eBay…
