PayPal

PayPal offers Happy Returns post-purchase services to merchants

PayPal offer Happy Returns to all merchants

Since its purchase of returns firm Happy Returns in May 2021, PayPal has announced a few partnerships with retailers to expand its base. But on Monday, the company announced the first integration of Happy Returns technology into the PayPal ecosystem.

PayPal (NASDAQ: PYPL) merchants can now access Happy Return’s return and exchange portal software at no charge. In addition, the company said Ulta Beauty has now joined the Happy Returns Return Bar network, bringing to over 5,000 the number...

https://www.freightwaves.com/news/paypal-offers-happy-returns-post-purchase-services-to-merchants

PayPal says Amazon customers will be able to pay with Venmo

PayPal announced that Amazon customers will be able to pay using Venmo starting in 2022, helping the company mute the reaction to a Q3 revenue miss.

The announcement came as the company released its Q3 earnings Thursday after the market closed. PayPal (NASDAQ: PYPL) stock was up more than 1.5% in after-hours trading Thursday.

Revenue in the quarter came in just under expectations at $6.18 billion, up 13% year-over-year, but missing the Seeking Alpha consensus of $6.42 billion. PayPal posted a...

https://www.freightwaves.com/news/paypal-says-amazon-customers-will-be-able-to-pay-with-venmo

Pain killer: Happy Returns, Staples join forces to ease online returns

Staples to accept e-commerce returns from Happy Returns

Estimates for e-commerce return rates range from a low of about 8% to as much as 35%, depending on the source. Most experts have centered on estimates of 25% to 30% of all items purchased online being returned.

Some brands make it easier than others to process returns, but for customers, even those often rely on packing the item up, printing out a shipping label, and perhaps most worrisome, waiting sometimes days or even weeks for the brand to refund the purchase price.

Happy Returns has been...

https://www.freightwaves.com/news/pain-killer-happy-returns-staples-join-forces-to-ease-online-returns

Payfare, Stride partner on real-time payments for gig workers

Fintech company Payfare partners with Stride Bank on instant payments for gig workers and the gig economy

Food delivery drivers last week claimed a win in the ongoing gig economy battle between employers and their workers, who are often classified as independent contractors instead of employees and are deprived of the benefits that come with full employment. Last Thursday, the New York City Council approved a legislative package that, among other things, established a minimum payment per trip for delivery drivers. But for the more than 70% of gig workers living paycheck to paycheck, that money is...

https://www.freightwaves.com/news/payfare-stride-partner-on-real-time-payments-for-gig-workers

BNPL providers not charging late fees may face consequences

Buy now pay later services with no late fees might struggle for profit this holiday season

Nothing good comes for free, but it does come 75% off up-front. That’s the payment model for many of the buy-now, pay-later (BNPL) services that are springing up across businesses large and small – customers will often pay for the product in four smaller installments, forking over only a quarter of the asking price at checkout and coming up with the rest later.

It sounds sort of like how a credit card works, with the buyer receiving the product before the credit provider receives the payment....

https://www.freightwaves.com/news/bnpl-providers-not-charging-late-fees-may-face-consequences

Cart.com’s $98M raise to build out end-to-end e-commerce service

cart.com ecommerce company raises $98 million series B funding end-to-end

It’s high tide for e-commerce, and Cart.com is swimming in it. With the meteoric rise of online shopping, the end-to-end e-commerce-as-a-service provider recently announced a series B funding raise of $98 million, bringing its total funding to over $140 million since launching just eight months ago.

The new round was led by venture growth equity fund Oak HC/FT, which invests primarily in tech-enabled health care and financial services companies. Other key investors include PayPal Ventures (NASDAQ...

https://www.freightwaves.com/news/cart-coms-98m-raise-to-build-out-end-to-end-e-commerce-service

PayPal beats Q2 2021 earnings estimates, misses on revenue

Paypal 2Q earnings venmo ebay revenue

Total second-quarter revenue jumped 19% year-over-year for PayPal (NASDAQ: PYPL), falling slightly short of analyst expectations. The company’s shares saw an 8% drop after the close.

The company said net revenue was $6.24 billion and total payment volume (TPV) increased 40% to $311 billion, compared to $222 million in Q2 2020. Transaction revenues increased 17% year-over-year to $5.8 billion, and revenues from other value-added services were $441 million as of June 30, up 40% from $316 million...

https://www.freightwaves.com/news/paypal-beats-q2-2021-earnings-estimates-misses-on-revenue

PayPal dives into post-purchase sector with acquisition of Happy Returns

PayPal (NASDAQ: PYPL) will acquire e-commerce returns specialist Happy Returns. Terms were not disclosed.

The news was first reported by CNBC.

Frank Keller, senior vice president of consumer in-store and digital commerce at PayPal, told CNBC the acquisition fits with PayPal’s vision moving forward.

“The post-purchase experience is something we’ve been looking into since it’s such a pain point — people want to shop online and return in store, and vice versa,” he said. “For retailers, we’re...

https://www.freightwaves.com/news/paypal-dives-into-post-purchase-sector-with-acquisition-of-happy-returns

PayPal: ‘Strongest first-quarter results’ in company history

Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks.

PayPal said non-GAAP earnings per share (EPS) was $1.22, 20 cents better than Seeking Alpha’s estimate, and GAAP EPS was 92 cents, 28 cents ahead of estimates. GAAP EPS increased 1,200% over Q1 2020 and non-GAAP EPS was up 84%.

The stock price was up more than 4% in after-market trading following...

https://www.freightwaves.com/news/paypal-strongest-first-quarter-results-in-company-history

Venmo customers now can buy and sell cryptocurrencies in app

PayPal enables customers to buy crypto on Venmo

Weeks after it announced customers could begin to use cryptocurrencies for payment, PayPal (NASDAQ: PYPL) has added the ability to buy and sell four popular cryptocurrencies on its Venmo app.

Crypto on Venmo will also include cryptocurrency trends and access to in-app guides and videos to help answer commonly asked questions about cryptocurrencies. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin (BTC-USD), Ethereum (ETH-USD), Bitcoin Cash (BCH-USD) and...

https://s29755.pcdn.co/news/venmo-customers-now-can-buy-and-sell-cryptocurrencies-in-app

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