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   Technology StocksPayPal Inc. - PYPL

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From: Glenn Petersen10/17/2017 9:16:16 AM
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PayPal rolls out Venmo payments to its U.S. retailers

Anna Irrera
October 17, 2017 / 6:14 AM

NEW YORK (Reuters) - PayPal Holdings Inc said more than two million U.S. retailers will be able to accept payments through its mobile app Venmo starting this week, seeking to broaden its reach with a brand that has been a hit with young people.

The PayPal logo is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. Picture taken August 28, 2017. REUTERS/Amir Cohen

Venmo, which has been part of PayPal since 2013, is one of the most popular mobile applications to make person-to-person payments in the United States. It processed $8 billion (£6 billion) in payments in the second quarter of this year.

Venmo users will be able to use their app balance or linked cards and bank account to shop on the mobile sites of almost all merchants that accept payments with PayPal, including retailers such as Foot Locker, Lululemon Athletica Inc and Forever 21.

Paypal started slowly introducing the ability to pay select businesses with Venmo early last year.

“At Venmo from the very early days our vision was to always let you use it for whatever you want to buy,” Ben Mills, head of product, at Venmo, said in an interview.

The company will be charging merchants fees for processing Venmo payments, Mills said, adding that the service’s ease of use could help increase their sales, he added.

Over the coming months Venmo users will also be able to transfer money instantly from Venmo to their bank accounts for a $0.25 fee per transfer.

At the moment Venmo immediately alerts users that a money transfer is in progress, but takes time to shift funds between bank accounts.

San Jose, California-based PayPal has been expanding its services to gain advantage over rivals in the digital payments market, particularly in P2P payments, where competition has intensified.

This year a consortium of some of the largest banks in the United States launched Zelle, a network that allows their customers to send money to each other instantly on their smartphones.

PayPal also said that retail purchases using Venmo will be covered by its purchase protection scheme, where customers may get refunds if they do not receive a product or it is different than described.

Reporting by Anna Irrera; Editing by Edwina Gibbs\

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From: JakeStraw10/18/2017 3:19:37 PM
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PayPal Holdings, Inc. had its price target raised by analysts at Citigroup Inc. from $67.00 to $77.00.

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From: JakeStraw10/20/2017 1:04:57 PM
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You can now PayPal friends in Messenger and get help via chat

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From: Sr K12/2/2017 1:39:12 AM
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on WSJ

PayPal Says Personal Data May Be Compromised for 1.6 Million TIO Users

PayPal paid roughly $238 million in cash to acquire bill-payment-services company TIO in a deal that closed in July

By Peter Rudegeair

Updated Dec. 1, 2017 7:48 p.m. ET

PayPal Holdings Inc. said Friday that personally identifiable information for roughly 1.6 million users has potentially been compromised at a company it acquired earlier this year.

Last month, the payments firm suspended operations, pending a security review, of its TIO Networks unit. That company makes digital bill-payment tools for utilities and other firms and also operates a network of kiosks in physical retail stores.

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From: drmicrocap12/12/2017 12:56:20 AM
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PYPL on CNBC's Mad Money

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From: JakeStraw12/29/2017 11:08:53 AM
1 Recommendation   of 143
PayPal is the big winner of mobile commerce

Mobile commerce, also known as m-commerce, is the act of purchasing goods and services via mobile devices, such as smartphones or tablets. Earlier this year, the consulting group comScore found that people spend more time shopping on mobile devices over PCs by a 2-to-1 margin. Business Insider predicts m-commerce to reach $284 billion by 2020, good for a projected 45% of e-commerce.

There may be no company better positioned to capitalize on this growing trend than PayPal Holdings. In the company's third quarter, its mobile payment volume rose to about $40 billion, a 54% increase year over year. CEO Dan Schulman certainly understands the importance of the trend. In the conference call following PayPal's most recently reported quarter he said, "Mobile is becoming the defining force in digital payments. It is rapidly blurring the distinction between online and offline and accelerating the adoption of digital payments."

PayPal's One Touch platform certainly deserves the lion's share of the credit for PayPal's growth in this area. One Touch allows users to essentially register a device and then complete purchases on that device -- through websites and apps that accept PayPal as a method of payment -- with one click. The platform has seen explosive growth and more than 70 million consumers and six million merchants now participate in One Touch. The feature works so well that it sports a sales conversion rate twice as high as the industry average. This means that once a consumer starts a shopping experience they are twice as likely to complete the transaction using One Touch than another payment method.

PayPal's growth in mobile commerce is unlikely to slow down anytime soon. This quarter Venmo users will be able to use PayPal's popular P2P app to make purchases at vendors wherever PayPal is accepted. PayPal investors should be able to enjoy the ride as the company rides the m-commerce wave to more market-beating returns.

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From: Alejandroo Green1/5/2018 9:22:31 PM
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On watch for clear above 79.39.

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From: Glenn Petersen1/31/2018 8:07:26 PM
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PayPal sees 24% revenue growth in its latest quarter; shares fall on outlook

Posted 3 hours ago by Katie Roof ( @Katie_Roof)

PayPal beat The Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant surpassed analyst expectations for both sales and profit.

PayPal reported $3.71 billion in revenue on a foreign-exchange neutral basis, or 24% growth from the same period last year. Analysts were expecting $3.63 billion in revenue for the quarter.

Adjusted earnings per share were 55 cents, compared to the 52 cents that Wall Street forecast.

But shares later ticked down as much as 14% in after-hours trading, likely due to a guidance forecast that just missed the mark. PayPal is expecting its overall revenue for the year to be between $15 billion and $15.25 billion. The midpoint was beneath what analysts surveyed by Yahoo Finance had been forecasting, with $15.16 billion. Other estimates had been as high as $15.26 billion.

PayPal said its adjusted earnings per share was expected to fall between $2.24 and $2.30. Yahoo Finance analysts had been expecting $2.25.

The company also announced an agreement with Synchrony Financial. Synchrony is acquiring PayPal’s consumer credit receivable portfolio, worth $6.4 billion. The transaction is expected to close in the third quarter of the year.

The company processed $131 billion in total payments volume for the fourth quarter, showcasing 32% growth.

PayPal has grown to 227 million active customer accounts, after adding 8.7 million for the quarter.

PayPal separated from eBay in 2015 and is currently the larger of the two companies, with a market cap of $103 billion. eBay is valued at $42 billion.

The two companies agreed to extend their partnership through July 2023, making PayPal the default payment option for eBay.

PayPal is also the owner of Venmo, the popular peer-to-peer payments platform. The app processed $10.4 billion in payments in just the fourth quarter alone.

Venmo’s overall growth for the year was 97%, processing $35 billion in payments in 2017.

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To: Glenn Petersen who wrote (102)2/1/2018 10:51:07 AM
From: zax
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That's one hell of beat down (- 8%), after renewing with EBAY through 2023 and having 24% revenue growth this quarter. I'm still holding, despite the likely drawdown of the ebay relationship around 2020. Paypal needs to get into crypto - now that would surely double it overnight. :)

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To: zax who wrote (103)2/1/2018 11:13:38 AM
From: Glenn Petersen
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They might get a short term pop, but it probably would not last. The company is just too big, although I suspect that they will be accepting cryptos at some point. Yesterday, Square announced that its Cash App customers could now "instantly" buy and sell bitcoin. The stock closed up 3% for the day. It is down 3% this morning.

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