PayPal news and archive

Debenhams partners with PayPal on AI shopping assistance

Debenhams Group is accelerating its adoption of artificial intelligence (AI) through a new partnership with PayPal. The payment provider will be working with Debenhams on implementing an AI-powered shopping assistant that will allow customers to receive personalised recommendations and check out all through PayPal’s app. Through the partnership,...

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Business

PayPal adds new features for online small businesses

Payment provider PayPal has rolled out new features to its complete payments solution for small businesses to help drive payment acceptance and “enhance how they run their business”. One of the new features will include Apple Pay as a checkout option, allowing customers an easy and secure way to complete the payment with one-time PayPal...

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PayPal expands ‘buy now pay later’ offering

Payment provider PayPal has announced a new Pay Monthly offer, providing US customers with a further ‘buy now pay later’ option for more flexibility. The offer allows customers to make large purchases between 199 dollars and 10,000 dollars, breaking the total cost into monthly payments over a six to 24 month period. On selection, customers will...

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Fashion

IMG and PayPal to relaunch MADE showcase in Brooklyn

The MADE fashion platform that first debuted in 2009 to help emerging designers garner resources and guidance after the Global Financial Crisis will be relaunched this summer with the help of PayPal. While luxury brands have thrived during the pandemic, independent and lesser known local talents have faced challenges and economic uncertainty. A...

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Business

PayPal in talks to acquire Pinterest

PayPal, the digital payments giant, is thought to be in the late stages of acquiring Pinterest. The digital pinboard company, which allows commerce via links and clicking on images via its platform, could be sold in the vicinity of 45 billion dollars, predicted analysts. The New York Times on Thursday reported PayPal offered around 70 dollars a...

Retail

PayPal launches 'Pay in 3' feature in UK

PayPal has launched a new feature in the UK allowing customers to make purchases over three, interest-free payments. The new PayPal Pay in 3 feature can be used for purchases between 45 and 2,000 pounds and will appear directly in customers’ PayPal wallets. Businesses will not have to pay any extra fees to enable the new feature, and PayPal will...

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Retail

PayPal launches ‘buy now, pay later’ service

Payment platform PayPal has launched a new ‘buy now, pay later’ service, allowing users in the US to pay for products in four interest-free instalments. With the new ‘Pay in 4’ feature, merchants and partners will be paid upfront while customers can pay for purchases between 30 dollars and 600 dollars over a six-week period. The service is also...

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Business

EU must challenge PayPal, Apple in payment services: ECB

European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said Monday. "Large non-European companies now play a significant role in the provision of payment services in Europe, while...

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Retail

Abercrombie & Fitch partners up with PayPal’s Venmo to please Millennial consumers

Users of the Abercrombie & Fitch and Hollister iOs and Android apps can now pay for their purchases using Venmo, the person-to-person payment platform owned by PayPal. “We are excited about our Venmo integration, as we know Venmo is an increasingly popular payment option among our Millennials and Gen Z customer bases”, said Joanne Crevoiserat,...

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Business

PayPal to acquire fraud-prevention platform Simility

PayPal has announced that it is to buy Simility, a fraud prevention and risk management platform, for 120 million dollars, as it looks to enhance payment experiences for merchants and customers by reducing fraudulent activity. “Digital commerce has exploded, and fraudsters have taken note, adapting and developing new methods to carry out their...

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Business

PayPal acquires iZettle

PayPal has announced that it is to buy iZettle, the small business commerce platform in Europe and Latin America, for 2.2 billion US dollars, as it looks to expand its in-store presence and strength its ominichannel platform to help small businesses around the world. The deal will see PayPal gaining in-store capabilities in 11 markets, Brazil,...

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eBay and PayPal finalise new payment deal

Auction marketplace eBay has confirmed that it will offer PayPal as a way to pay on its website until July 2023, making PayPal a payment option on its new intermediated payments model. “PayPal has been a great partner for eBay, and as part of our new payments experience PayPal will continue to be a key form of payment for our global customers,”...