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Posts Tagged ‘ Paypal ’

PayPal has announced a new deal with Skype that will allow users in 22 countries worldwide to send money to other Skype users through an updated version of the Skype mobile app.

 

This extends PayPal’s potential reach by a sizable amount – the Skype app has been downloaded over a billion times to date, and has approximately 300 million monthly active users.

 

To use the feature, users will need to be on the latest version of the Skype mobile app. Then select “Find” on the top bar while in conversation with a friend or family member, and choose the “Send Money” add-in, just type in the amount to send, confirm the payment, and hit send to complete the transaction.

 

The feature is designed for sending money between friends and family – not payments for goods or services from a business. And like PayPal’s peer-to-peer payments on other platforms, the rates are the same. That is, sending is free when you use your PayPal balance or debit card in the US If you choose to use a credit card instead, the fee is 3.4 percent of the transaction amount plus USD 0.30.

 

This is the latest in a series of partnerships PayPal has announced in recent months, as it works to solidify its position. The company has also recently announced integrations with Samsung Pay, Android Pay, and Baidu; and extended its partnership agreements with Citi and Chase. And on the technology side of things, PayPal has introduced instant bank transfers, Siri integration, support for payments in iMessage, Slack, and Microsoft’s Outlook.com.

 

The full list of supported markets includes: the US, the UK, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia and Spain.

 

 

Samsung Pay has announced that users will be able to use PayPal in-app, in-store and online.

 

Users can add their PayPal accounts to Samsung Pay and use their PayPal wallet anywhere Samsung Pay is accepted. And because it uses proprietary MST (Magnetic Secure Transmission) technology, which allows you to use Samsung Pay at terminals that don’t accept NFC, it’s accepted in many places. Merchants will also be able to accept Samsung Pay online through PayPal’s Braintree.

 

Using PayPal wallet with Samsung Pay is only currently available in the US. However, Samsung is working on expanding PayPal wallet support to the 18 other markets it serves, including Spain, South Korea, China and India, soon.

 

PayPal has been moving more and more into mobile payment methods. With these integrations, you may soon be able to use your PayPal account just like a real bank account.

 

Samsung has announced a partnership with PayPal to allow Samsung Pay users to make in-app, online and in-store payments with the US payment platform.

 

The service will be available in the US first and will be expanded to other countries in the near future. 

 

Moreover, Samsung Pay will be accepted as a payment method in apps and online through Braintree, a US-based online payment provider, acquired by PayPal in 2013.

 

After its launch in August 2015, the payments platform is now available in 18 markets: the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand, Malaysia, India, Sweden, the UAE, Switzerland, Taiwan, Hong Kong, the UK and Korea.

 


 

Apple has announced that it will enable PayPal payments in its digital stores, including iTunes, iBooks, Apple Music and the App Store.

 

The deal struck on 11 July 2017 will enable Apple customers in US, UK, Canada, Mexico, Australia and parts of Europe to choose PayPal as a payment option. The US-based payments service provider has also stated that it will integrate with Siri and bring the One Touch feature to Apple ID accounts, allowing for faster purchases.

 

Customers with an Apple ID will be able to select “PayPal” as a preferred payment method, which will make it the default payment method and all future purchases will be charged to the PayPal account. This includes one-time purchases as well as monthly fees such as Apple Music subscriptions and iCloud storage.

 

PayPal will also be added as a payment option directly on iOS, the company says. This will be available in all 12 markets, including the U.S.

 

PayPal has announced the introduction of PayPal Global Sellers, a cross-border trade service for small and mid-sized businesses (SMBs) in the US.

In collaboration with Webinterpret, the service addresses the commonly cited international growth barriers with a suite of tools, including: website translation, taxes/duties presentment, international shipping and return facilitation, or localized payments.

The service can be accessed by more than 562,000 US SMBs that started to sell online with PayPal in 2016. Moreover, merchants can also be covered by PayPal Seller Protection, which is aimed at protecting merchant’s eligible online sales, helping minimize claims and chargebacks, and preventing fraud.

The service is also available in the UK and Germany, and will be expanded to additional markets later in 2017.

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PayPal processed a total of USD 31 billion in mobile payment volume in the fourth quarter of 2016, according to the company’s latest financial report.

This figure represents an increase of 53% over the same period in 2015. Mobile payments represented 31% of the company’s USD 99 billion in payment volume in Q4.

Venmo, the company’s social payments platform, processed USD 5.6 billion in total payment volume, up 126 % from the same period in 2015.

PayPal said that in the five days between Thanksgiving and Cyber Monday, it processed more than USD 2 billion in mobile payments, accounting for one-third of total payment volume for the period.

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Amazon and PayPal have discussed the possibility that the online retail company to support PayPal payments at checkout.

Amazon offers credit and debit cards, gift cards, and Amazon.com store cards as payment methods. Customers can also link their checking accounts to the site to make quick purchases.

PayPal grew to 197 million active users at the end of 2016. According to the company’s data, each of those accounts averaged 31 transactions in the preceding 12 months.

Amazon Payments can be used by merchants to facilitate payments, and by customers to make those payments. In many cases, the merchants that use Amazon Payments to facilitate purchases also offer customers PayPal.

PayPal is allegedly set to gain a role in the Apple’s mobile payments service, online media outlet recode.net reports.

 

According to the source, eBay-owned PayPal has been pitching Apple on helping Apple bring its payments initiative to fruition.

 

PayPal is essentially willing to white-label parts of its payment service to be used in an Apple mobile payments system — anything from fraud detection to back-end infrastructure, even possibly down to the processing of payments.

 

Source: The Payper

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If you are using PayPal, I believe you should receive an e-mail from Paypal saying that they will terminate personal payment service in Malaysia starting 4th June 2013.

This is not a good new for those who are using PayPal to transfer personal funds to your friends and relatives inside or outside Malaysia, but I wonder how many people did this. However, the good new is, you still can receive personal payment from outside Malaysia.

PayPal stated that they decided to terminate personal payments in Malaysia as part of their business strategy to focus on commercial transactions, but I believe the reason is to stop people from selling PayPal funds.

For more information kindly read FAQs from PayPal regarding this matter below.

______________________________________________

Update on Personal Payments Service

Dear Customers,

As PayPal focuses on our business strategy of enabling secure and convenient commercial transactions in Malaysia, we regret to inform you that the Personal Payments service will no longer be available in Malaysia from 4 June 2013. We sincerely apologise for the inconvenience caused.

PayPal’s mission is to connect merchants of all sizes to millions of consumers around the world, creating more economic opportunities for individuals, businesses and communities. As such, we would like to assure you that you will still be able to use PayPal for commercial activities. For example, you can still shop and pay with any local or overseas PayPal merchant and receive payments for sale of goods and services from any local or overseas buyer with a PayPal account.

We have created this webpage to address concerns and questions you may have. You can also contact our customer support team by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page.

The success of PayPal depends on the success of the community. We thank you for your ongoing support in enabling more secure commerce anytime, anywhere and any way.

Sincerely,

The PayPal Team

FAQs

Why is the Personal Payments service being discontinued?

As PayPal focuses on our business strategy of enabling secure and convenient commercial transactions in Malaysia, the Personal Payments service will no longer be available to users in Malaysia from 4thJune 2013.

PayPal’s mission is to connect merchants of all sizes to millions of consumers around the world, creating more economic opportunities for individuals, businesses and communities.

What was the Personal Payments service used for?

The Personal Payments service was offered to our users in Malaysia to facilitate payment of rental charges, shared expenses, or payments owed.

Will I be able to send personal payments to other PayPal users living outside of Malaysia?

No, unfortunately you will no longer be able to make personal payments to users both in Malaysia and overseas.

Will I still be able to receive personal payments from other PayPal users outside of Malaysia?

You can still receive funds sent from other PayPal users outside of Malaysia, consistent with the availability of this PayPal service in the country where the user is located.

I have a Personal account. Does the removal of the Personal Payments service mean I will not be able to send payments for items I want to purchase?

Regardless of whether you have a Personal, Premier or Business account, you will continue to be able to shop online and use the PayPal services for the commercial payment of goods and services. Only the Personal Payments service has been discontinued.

Will it be possible for me to send payments to a merchant for a purchase of goods and service?

Yes, you can make payments to merchants in Malaysia as well as in other countries for the purchase of goods or services.

I’m a merchant. Will it be possible for me to receive payments from international buyers?

Yes. Merchants can still receive commercial payments for the sale of goods and services from both international and Malaysian buyers.

Because of the nature of my business, I don’t have an online website. Will it be possible to receive payments from customers using PayPal for the sale of goods and services provided by me?

Yes, if you are collecting payments in exchange for goods or services, your customers will still be able to make payments for your services through PayPal.

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PayPal has revealed plans to enter a partnership with US-based direct banking and payment services company Discover Financial Services.

 

Under the terms of the deal, by the end of 2013, PayPal will be accepted as a payment option in 2 million US retail stores that already accept Discover credit cards.

 

Shoppers will have access to funds they have directly in their PayPal accounts, whether from their own bank accounts or money from other people along with any credit or debit cards. Consumers can also link gift cards and coupons to the wallets and set up rules for which accounts they want to draw from depending on the size of a transaction or where you spent the money.

 

PayPal users will be able to pay at merchants on the Discover Network by swiping their new cards through existing checkout machines and entering a four-digit PIN. The newly launched cards will have a Discover Issuer Identification Number, or IIN, a code that identifies the card holder. Discover has already set up the IINs for the PayPal cards on its network.

 

PayPal has recently expanded its business operations beyond the online space by introducing in-store payments. In 2012, the company has partnered more than 15 retailers, including Home Depot and Office Depot. Both companies have also revealed plans to expand their agreement outside the US in the future, in case the agreement goes well.