Archive for the 'Paypal News' Category

Maybe it is a coincidence. Google recently started to offer a $10 credit to e-commerce customers who use its CheckOut product. For a few days Google (GOOG) even highlighted the offer for its PayPal competitor on its home page.
At about the same time, traffic to Ebay’s (EBAY) PayPal site has dropped sharply. According to on […]

That’s what I call a good, but not massive, start. They also found that:

* Google Checkout users are younger (57% under 35), more likely to be male (penetration rates 2x more for men) and more affluent (34% have incomes over $75,000) than PayPal.

* Only 19% of Google […]

Online payment service PayPal is testing a virtual debit card with a constantly changing identification number. The card number changes every time it is used.
The intent is to make it impossible to steal a user’s identification from a merchant, but the new card, issued by MasterCard, also makes it possible to use PayPal at sites […]

What makes AuctionCheckout different from PayPal?
In the PayPal environment today, if you’re selling, the funds from your transactions are going into your PayPal account. PayPal is not a financial institution. They can freeze those funds. AuctionCheckout “Blueâ€? is an auction-checkout technology that will fund directly into your local checking account, because you have your own […]

The PayPal division of eBay, which operates the Web’s most respected online payment voucher system, is beginning beta trials of a next-generation online payment system, in cooperation with MasterCard. Using what’s described as a virtual debit card, a customer will be able to make a PayPal-authorized purchase using a one-time number good only for that […]

Steven Grossberg, who sells video games online from his home in Wellington, Fla., recently sent an enticing offer to 20,000 customers: $10 off any purchase over $30 using a new payment service, Google Checkout.
Traffic on his site more than tripled, and best of all, he said, Google picked up the tab for the promotion.
“I think […]

US auction company eBay Inc may partner its PayPal online payments service with a local Chinese entity should it be required by local regulations, chief executive Meg Whitman said.
However, Whitman, speaking to media in Shanghai, refused to comment on a rumored venture between the payment service and UMPay, a joint venture between China Mobile Ltd […]

We started hearing reports of problems with PayPal’s Recent Activity feature this morning and put in a call to PayPal. We haven’t heard back yet, but eBay posted a notice on its Systems Announcement Board:
“Members are currently experiencing errors with some PayPal related aspects of eBay Checkout, such as using the PayPal payment status link […]

According to reports, Google will be eliminating fees from its online payment, Checkout. To compete better with PayPal, Google is letting merchants use its Checkout system to process payments without taking a hit on transactions. Traditionally, merchants who use PayPal take a 2.9-percent hit on the total value of a transaction plus another 30-cents for […]

Google on Monday launched a holiday site featuring retailers that use its Checkout payment service and unveiled money-back promotions to lure customers.
Similar to eBay’s popular PayPal service, Google Checkout, which launched in June, provides a single avenue for making purchases on multiple retail sites, rather than inputting shipping addresses, credit card numbers, and other information […]