3 Nov

PayPal for Marketplaces Goes Global

WRITTEN BY Neha Gupta

PayPal for Marketplaces for online fundraising

PayPal (PYPL) is rolling out globally its new product designed for businesses that operate online marketplaces. PayPal for Marketplaces, as the new product is called, provides payment solutions for businesses accepting and disbursing funds. The product is suited, for example, for e-commerce operators with specific needs around fees, commissions, and multi-seller disbursement.

PayPal for Marketplaces is also positioned as suitable for online fundraising needs and payments on platforms such as ride-hailing and room rentals.

PayPal for Marketplaces Goes Global

An easily customizable payment solution

Although PayPal already offers a variety of business solutions, its PayPal for Marketplaces is different in a number of ways, according to PayPal’s description of the service. For example, it allows businesses more flexibility and convenience in customizing their implementation of PayPal services. A business, for instance, could choose to handle payment disputes and chargebacks instead of letting PayPal do it, as it typically does.

On platforms that have implemented PayPal for Marketplaces, buyers have a wide variety of payment options. For example, buyers can pay using PayPal or their credit or debit cards.

Early adopters of PayPal for Marketplaces include marketplace operators Grailed, Rocketr, and AliExpress, which is China-based (MCHI) Alibaba’s (BABA) online international retail platform.

PayPal and Square: Competition continues

The global rollout of PayPal for Marketplaces seems to mark an increase in competition between PayPal and Square (SQ). These two US-based (SPY) payment companies are vying for revenues in the merchant payments processing market.

In addition to rolling out new services and features that simplify transactions, they are also persuading merchants with credit where they supply small business loans to their merchant clients. PayPal finished 3Q17 with more than 17 million active merchant accounts, up from about 15 million a year ago.

Latest articles

On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.

Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.

Visa stock has risen about 37% and has outperformed the S&P 500 Index so far in 2019.

16 Jul

What to Expect from Skechers’s Q2 Results

WRITTEN BY Sharon Bailey

Skechers (SKX) is set to declare its results for the second quarter after the markets close on July 18. Here's what you should know.

On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.

16 Jul

What to Expect from Crown Castle's Q2 Results

WRITTEN BY Sushree Mohanty

Crown Castle International (CCI) is scheduled to announce its second-quarter earnings results on Wednesday after the market closes.