Paypal Stories April 9

PayPal is quietly rolling out basic banking services to some of its U.S. customers, which include a debit card and the ability to deposit checks – alongside the loans which were already available. For customers who accept, their PayPal balances also become protected by Federal Deposit Insurance Corp (FDIC) insurance.

Surprisingly, PayPal has found a way to do this without a U.S. banking license …

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Paypal Stories October 20, 2017

Ahead of the impending launch of Apple Pay Cash in Messages, Facebook and PayPal today announced a new partnership that allows users to send money to each other via Messenger. Today’s announcement is an extension of a partnership between the two companies that began last year….

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Paypal Stories August 2, 2017

Messaging apps these days aren’t just for sending friendly greetings – increasingly, you can also use them to send cold, hard cash. Or the electronic equivalent, at least.

Skype is the latest to join the trend of supporting peer-to-peer payments through a PayPal integration in the latest update to its iOS and Android apps …

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Paypal Stories June 20, 2017

Despite the rising popularity of services like Cash and even some social networks like Facebook and Snapchat, PayPal is still the leading peer-to-peer money service on the market. Nearly every shopping site on the web offers a PayPal option during checkout, with the company handling over $7 million in transfers every hour. Now, the company aims to make it quicker and easier to transfer funds to bank accounts.

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Paypal Stories June 19, 2017

PayPal CEO Dan Schulman has dismissed the person-to-person Apple Pay service coming to iOS 11 later this year. He said that it would struggle to compete against PayPal’s own Venmo app …

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Paypal Stories February 29, 2016

Square Cash introduces Cash Drawer to compete with Venmo and PayPal

Square Cash, Square’s app that allows users to send money to each other for free, saw a new update today that puts it more inline with competitors. With Cash Drawer, Square Cash now let’s users hold money within the app instead of transferring it immediately out to their own accounts. This behavior directly mimics functionality that Venmo and PayPal bolster.

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