PayPal To Acquire Payments Startup iZettle for 2.2 Billion

This deal will be the biggest acquisition for PayPal to date.

PayPal recently announced that they will be acquiring European startup iZettle. The latter sells mobile credit card readers and other payment platforms.

The cash deal, which amounts to $2.2 billion, is PayPal’s biggest takeover to date. It will close in the third quarter of 2018.

PayPal CEO Dan Schulman shared his thoughts in a statement.

“iZettle and PayPal are a strategic fit, with a shared mission, values and culture—and complementary product offerings and geographies. In today’s digital world, consumers want to be able to buy when, where and how they want.”

“With nearly half a million merchants on their platform, Jacob de Geer and his team add best-in-class capabilities and talent that will expand PayPal’s market opportunity to be a global one-stop solution for omnichannel commerce.”

Based in Sweden, iZettle has already built a strong presence in Europe and South America. With the takeover, PayPal is able to bring its platform to 11 new countries including France and Germany.

According to Schulman, the acquisition “significantly expands PayPal’s in-store presence, strengthening PayPal’s platform to help millions of small businesses around the world grow.”

iZettle’s CEO, Jacob de Geer, is also very optimistic of the new partnership. He will continue to run the company which he co-founded.

“The combination of iZettle and PayPal will provide tremendous benefits to our merchants who will have access to an even wider range of tools to help them get paid, sell smarter and grow.”

 

Want to be more involved with our tech reports? Or buy us a coffee, maybe?
Be one of our patrons and help keep this place alive with the latest and trendiest tech news.
Click here
 to learn more. (We only give cool stuff. Pinky swear!)

How to Verify Your PayPal Account and Use it for Online Payments and Cashout

How To Verify Your PayPal Account And Use It For Online Purchases And Cashout

Verify your PayPal Account and use it to pay your bills online and cash out. Verifying your PayPal means you have given additional information to confirm your identity. This makes your PayPal account more secure. After you are Verified, your limits will be lifted so you can withdraw more money. So how do you do it?

How To Verify Your PayPal Account

Here are the steps how to verify your PayPal account:

1) Click on Summary. It’s a tab on the upper left part of the window.

2) Scroll down and click to see how much you can send with PayPal. It’s in the “More about your account” section.

3) Click on Get Verified. It’s near the top of the window.

4) Follow the onscreen steps to get verified.

How To Make Online Payments Using PayPal

Paying online using PayPal is an easy, hassle-free mode of doing your transactions. All you have to do is first, sign up for free with PayPal with just a few details. Next step is to link your cards. You need to link your credit or debit card to your PayPal account. Choose PayPal at check out. Check out using your PayPal login and skip entering your card details everytime you pay.

How To Withdraw Money Or Cashout Using PayPal

PayPal makes our transactions easier and convenient. You can withdraw money using your PayPal account. You simply have to log in to your PayPal account. Enter the amount you want to withdraw, then select the bank account to receive the money. The amount is securely transferred from your PayPal balance to your bank account at no cost to you. Transfers made after 7 PM ET or on weekends and holidays take longer.

Another way of doing cash out using your PayPal account is through GCash. By linking your PayPal account with GCash, you can withdraw without needing any bank account. All you have to do is withdraw using GCash. This transaction will cost you zero charges. Almost all transactions are done in real time.

To do this transaction with your PayPal account and GCash, you can use these steps:

1) Create a GCash account
2) Create a PayPal account
3) Link your PayPal account
4) Transfer available funds from your PayPal account to your GCash account

PayPal can be very useful to us if only we know how. Having been given these information on what the uses of PayPal are, hopefully it will be a great help to PayPal users.

PayPal issues tougher measures to file-sharing sites

According to TorrentFreak, PayPal has imposed stricter conditions when it comes to dealing with online file-sharing sites. The company which cut their ties with Wikileaks in 2010, changed their terms of service agreement enabling them to make stringent requirements for these types of websites.

According to the report PayPal now requires that “merchants must prohibit users from uploading files involving illegal content and indicate that users involved in such file transfers will be permanently removed from the service,” and “merchants must provide PayPal with free access to their service, so PayPal’s Acceptable Use Policy department can monitor the content.”

PayPal, which is owned by eBay, has received a lot of backlash from file-sharing sites.

According to Pulocker, “This is a complete invasion of privacy on PayPal’s part, as it’s none of their business what files users keep in their account. We have a solid abuse handling policy already, and we don’t feel a third party company has any business snooping on our users.”

PayPal is only one of the many payment service providers that you can use to transfer funds for payment. But it is a convenient way to pay for your subscription or purchases, PayPal to WebMoney transfers are increasingly popular, we expect to see more and more alternatives.

Will PayPal see a decrease in their customers due to their stricter policy?

Image Source: slipperybrick.com

eBay comes to BlackBerry

BlackBerry owners need not go to eBay’s website to find great deals now that an app for the famous auction Web site is available.

Co-developed by eBay and RIM, the app is available for U.S. and Canada auctioneers. It allows users to search, watch, bid and buy items in eBay and even allows payments via PayPal.

In addition to letting users search and purchase stuff, the app also provides real-time home screen notifications to users of their bidding status such as when they’ve won or lost a bid.

Lastly, the app allows users to schedule auction-related reminders and email notifications for auction end dates in the native BlackBerry calendar, making it easier for users to remember when to bid or sit-out on an auction. J

System requirements for the eBay app include activation with data plan, Internet service browsing capabilities, BlackBerry smartphone with at least 64-MB of built in memory (with at least 100KB available) and BlackBerry® Device Software v4.5 or higher.

The app is available at the BlackBerry App World and can be downloaded for free.

Source: http://download.cnet.com/8301-2007_4-10404316-12.html

>
Exit mobile version