Online payments firm PayPal announced on Wednesday that it will allow U.S. merchants to buy, hold, and sell cryptocurrency via its platform using their business accounts. Previously, only individual account holders had this option.
The company also announced business accounts will have the ability to...
Fintech giant PayPal had a strong second quarter, beating the analysts’ expectations thanks to improving operating margins. Investors took notice, with PayPal’s stock surging 8% in the aftermath of the earnings release.
PayPal reported revenue of $7.89 billion, seeing an 8% increase compared to the...
Online payments system giant PayPal has been fined by Poland’s Office of Competition and Consumer Protection (UOKiK) for placing “incomprehensible” contractual clauses that could lead to its customers being fined.
According to UOKiK’s announcement, PayPal’s Europe division was ordered to pay 106.6 million zlotys (around...
Online payments firm PayPal launched a U.S. dollar stablecoin on Monday in a bid to boost the usage of cryptocurrencies for online payments and transfers. PayPal's shares rose by 1% following the announcement.
Pegged to the U.S. dollar, this currency is defined as a stablecoin...
PayPal Holdings shares plunged by almost 9% during premarket trading on Thursday after the company's second-quarter financial results fell short of expectations.
The company reported an adjusted operating margin of 21.4% for the quarter, below estimates of 22% as indicated by data from Refinitiv IBES....
The online payment service PayPal is nixing its controversial decision to impose a fine for its users for misinformation. The company apologized for the “confusion” the decision caused and said it was an unfortunate error.
Late last week, PayPal issued an update to its policy...
