PayPal is one of the best known payment brands in the world. With 148 million active accounts in 203 markets and supporting 26 currencies around the world, PayPal enables global commerce, processing more than 9 million payments every day. PayPal transaction costs start from 3.25% and 25 eurocent fixed fee per transaction and lowers based upon PayPal volume processed. PayPal purchases are not guaranteed to merchants. They can be disputed by the consumer due to fraud or customer service related issues. Ecommerce merchants willing to accept PayPal in their online store can opt for direct integration via the PayPal API or by using a PayPal Payment Service Provider. See below for all Payment Service Providers capable of processing PayPal. Countries not supported by PayPal include Republic of Macedonia, Iraq, Afghanistan, Bangladesh, Pakistan, and Montenegro, in addition to the US economic sanction list.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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PayPal is one of the best known payment brands in the world. With 148 million active accounts in 203 markets and supporting 26 currencies around the world, PayPal enables global commerce, processing more than 9 million payments every day. PayPal transaction costs start from 3.25% and 25 eurocent fixed fee per transaction and lowers based upon PayPal volume processed. PayPal purchases are not guaranteed to merchants. They can be disputed by the consumer due to fraud or customer service related issues. Ecommerce merchants willing to accept PayPal in their online store can opt for direct integration via the PayPal API or by using a PayPal Payment Service Provider. See below for all Payment Service Providers capable of processing PayPal. Countries not supported by PayPal include Republic of Macedonia, Iraq, Afghanistan, Bangladesh, Pakistan, and Montenegro, in addition to the US economic sanction list.
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Website | http://www.paypal.com |
Blog | https://www.thepaypalblog.com/ |
UNITED STATES | Last week at the Money2020 event in Las Vegas, PayPal officially launched its Pay After Delivery service. The payment firm also announced new partnerships Authorize.net and Cybersource (both Visa companies). PayPal piloted the Pay After Delivery service in the U.K. last year and then tested it earlier this year in the U.S Pay After Delivery Read more
UNITED STATES | According to PayPal's Blog Post, they have entered into agreements with the leading Bitcoin payment processors BitPay, Coinbase and GoCoin. The agreements will enable PayPal's digital goods merchants to accept Bitcoin payments through a simple integration with [...] Read more
SAN JOSE | PayPal plans to introduce services into 10 new markets. Consumers in Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe will be able to register for a PayPal account and start making payments on millions of websites around the world without the worry of entering their credit or debit card details onli [...] Read more
CALIFORNIA | PayPal changes its brand identity, including a new PayPal logo. The new look reflects PayPal’s simplicity, convenience and security, redesigned for today’s dynamic, mobile-first world. This is the first time PayPal has updat [...] Read more
BARCELONA | PayPal and Deutsche Telekom enable Deutsche Telekom users to make purchases using their mobile phone account. Deutsche Telekom and PayPal will extend carrier payments across Europe and will provide an opportunity for both companies to reach more consumers and help digital goods merchants. In 2013, more than $9 billion of digital goods payment volume went through PayPal. [...] Read more
SAN FRANCISCO | PayPal is making moves. The online payment processing service has been eyeing Russia for years and finally regulators have given PayPal the green light. The licensing provision gives PayPal the right to operate as a non-credit banking institution in Russia, furthering eBay and PayPal’s move to the fast-growing market. In a blog post, eBay said it is “happy to open up yet another dome [...] Read more
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