American Express Creates Its Own Version Of PayPal: Amex Express Checkout

American Express Creates Its Own Version Of PayPal: Amex Express Checkout

It might be hard for one to argue that there’s a lack of options when it comes to digital wallets and mobile payment systems. The list that includes among others Apple Pay, PayPal, Google Pay, and Square is getting longer as American Express announced today that it would make a foray into the increasingly crowded sector with Amex Express Checkout. [More]

PayPal Buys Online Money Transfer Company Xoom For $890M

PayPal Buys Online Money Transfer Company Xoom For $890M

PayPal appears to be preparing for its upcoming separation from parent company eBay later this month by buying an online money-transfer company to increase its international and online presence. [More]

PayPal Tweaking User Agreement To Remove Mandatory Robocalls

PayPal Tweaking User Agreement To Remove Mandatory Robocalls

PayPal’s new user agreement — the one that gives the company even more latitude to make obnoxious prerecorded marketing calls to “any telephone number that you have provided us or that we have otherwise obtained” — is set to kick in this week, but following an FCC warning that this policy might be in violation of federal law, and a letter from multiple senators asking PayPal to rethink its new terms, the company has agreed to make changes that “clear up any confusion.” [More]

Senators Ask PayPal To Change Obnoxious RoboCall Clause In User Agreement

Senators Ask PayPal To Change Obnoxious RoboCall Clause In User Agreement

Two weeks ago, we told you how PayPal’s revised user agreement expanded the company’s already-intrusive existing permission to send pre-recorded robocalls and spam texts, and how the company gave users no apparent way to opt out. Then the FCC chimed in, telling the company that its terms appear to violate federal law. Now, several U.S. Senators are asking PayPal to rethink its terms before they go into effect on July 1. [More]

FCC Says PayPal’s New User Agreement Violates Anti-Robocall Rules

FCC Says PayPal’s New User Agreement Violates Anti-Robocall Rules

We recently took a look at how PayPal’s already questionable user agreement is about to get even more invasive, giving the company a broader range of ways to contact customers with robocalls and spam texts, and with no apparent way to opt out. Today, the FCC notified PayPal that it has some concerns that the revised agreement might run afoul of federal laws. [More]

PayPal’s New Terms Of Service Mean More Robocalls, Spam Texts For Users

PayPal’s New Terms Of Service Mean More Robocalls, Spam Texts For Users

PayPal’s terms of service already include a clause giving the company permission to make prerecorded marketing robocalls to the number you provide them, and to send texts to that number if it’s for a mobile phone. But starting in July, PayPal is giving itself a lot more authority for bothering you — and not just on the phone number you have on record. [More]

PayPal Must Pay $25M In Refunds, Penalties For Illegally Signing Customers Up For Online Credit Product

PayPal Must Pay $25M In Refunds, Penalties For Illegally Signing Customers Up For Online Credit Product

The Consumer Financial Protection Bureau alleges that online payment platform PayPal signed up customers for PayPal credit accounts without authorization, forced customers to use this credit line instead of their preferred payment methods, and failed to address disputes. As a result, PayPal will pay a total of $25 million in refunds and penalties. [More]

Apple Pay Unavailable At Home Depot As Retailer Upgrades Payment Terminals

Apple Pay Unavailable At Home Depot As Retailer Upgrades Payment Terminals

Though Home Depot was never officially a partner with Apple’s Apple Pay mobile payment platform, which allows users to pay using credit card information stored their phones, the home improvement chain’s NFC-enabled checkout terminals worked with Apple Pay — until recently, that is. The retailer has begun the process of upgrading its in-store payment system, meaning that Apple Pay and other mobile payment platforms are now unavailable. [More]

(Liz Wise)

PayPal Must Pay $7.7M For Processing Transactions In Violation Of U.S. Sanctions

Each year, PayPal processes billions of dollars in transactions. Apparently some of those payments didn’t exactly sit well with the U.S. government and now the company must pay $7.7 million for violating certain sanctions. [More]

(André-Pierre du Plessis)

Fraud Victim’s Impossible Choice: Eat $1,500 In Charges Or Be Banned From PayPal Forever

When a customer’s chargeback scheme left one PayPal customer down $1,500 and without the pricey headphones that they had sold, the person who sold the headphones was understandably upset. It’s wrong to rip anyone off, but they’re an individual seller rather than a faceless corporation. PayPal reduced the amount that this person owed to $700, but that was still $700 more than they really owed anyone. What’s a consumer to do? In this case, post to Reddit. [More]

The eBay India listing for the Mutton Whopper. BK India sold 380 vouchers in advance of this coming Sunday's opening in New Delhi.

Burger King India Let Customers Pre-Order Sandwiches Through eBay

Right after announcing a deal with PayPal that will allow customers to buy food without cash or credit cards, Burger King tried out PayPal’s parent company eBay to let customers in India pre-order Whoppers before the restaurants launch in the Asian nation. [More]

(Mike Mozart)

Burger King, PayPal Join Forces So Consumers Can Buy Whoppers With A Touch Of Their Phones

Consumers partial to using PayPal for purchases can soon take the payment system offline to buy breakfast, lunch, or dinner at Burger King. [More]

eBay To Spin Off PayPal So They Can Compete Against Each Other For Worst Company Title

eBay To Spin Off PayPal So They Can Compete Against Each Other For Worst Company Title

For years, we’ve had to lump eBay and PayPal into a single listing in the Worst Company In America brackets. But next year, these two big brands might have the chance to square off against each other for the title, as eBay announced this morning that it is spinning off PayPal into its own publicly traded business. [More]

PayPal Kinda, Sorta Starts Accepting Bitcoin As Payment But Only For A Very Select Group

PayPal Kinda, Sorta Starts Accepting Bitcoin As Payment But Only For A Very Select Group

A very select group of merchants who use PayPal now have another option when it comes to receiving payments. The digital wallet company will soon offer digital goods sellers the ability to accept bitcoin as payment through its Payments Hub service. [More]

PayPal Takes Out NY Times Ad To Taunt Apple Over Security Issues

PayPal Takes Out NY Times Ad To Taunt Apple Over Security Issues

If you ran a large and prosperous online payments company, you might feel threatened by Apple’s announcement that they’ will start their own mobile payments service, called Apple Pay. Not PayPal, though. Nope. Paypal isn’t scared. In fact, PayPal has started taunting Apple over security issues, mocking the company over the recent public dump of nude celebrity self-portraits that had been stolen and circulated online. [More]

Amazon Launches Card Reader, Payment System To Compete With Square, PayPal

Amazon Launches Card Reader, Payment System To Compete With Square, PayPal

Amazon continued its push to appeal to small and medium businesses Wednesday with the launch of Amazon Local Register, a mobile point-of-sale service to challenge mobile payment companies like PayPal, Intuit and Square. [More]

Watch Out For This Very Convincing PayPal Phishing Attempt

Watch Out For This Very Convincing PayPal Phishing Attempt

Reader Phil sells on eBay, and has a specific e-mail address that’s only for use with PayPal. The only people he has given this address to are eBay/PayPal itself, and to his customers. That’s why he was surprised to receive a phishing e-mail specifically addressed to his business name and his PayPal address, and wondered where the baddies got it. [More]

(André-Pierre du Plessis)

PayPal Discontinues Mobile Check Capture As Of, Um, Yesterday

Justin uses Paypal’s mobile check deposit feature, because that’s a service that his credit union doesn’t offer. He wasn’t happy when he received an e-mail from the company yesterday saying that they would be discontinuing the service. Then he saw the end date: Sunday. They were yanking the service with no warning. [More]