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PayPal Allows U.S. Merchants to Buy, Hold, and Sell Crypto

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...

PayPal Stock Surges After Earnings Beat Expectations

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...

PayPal Issued a $27 Million Fine in Poland for “Incomprehensible” Contractual Clauses

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...

PayPal Launches Stablecoin in Crypto Push

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 Stock Falls Following Cool Q2 Earnings Report

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....

PayPal Backtracks on its Decision to Fine Users $2,500 for “Misinformation”

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...