Leading figures in the Conservative Party like Michael Gove, Iain Duncan Smith, and Sir Graham Brady are considering new laws after PayPal recently closed the accounts of several British campaign and journalist groups. PayPal has faced a backlash since it last week shut down the account of the Free Speech Union (FSU), an organisation that defends…
Senior British MPs Urge Government to Hold PayPal to Account Over Free Speech Row
PayPal Demonetises Parents Campaign Group UsForThem That Took on School COVID-19 Closures
PayPal has closed the account of UsForThem, a British organisation that advocated for children to be prioritised during the COVID-19 pandemic. The online payment system closed UsForThem’s account “due to the nature of their activities,” with co-founder Molly Kingsley saying they have been unable to access thousands of pounds in donations. Set up in May…
PayPal Shares Jump After It Reveals $2 Billion Stake Held by Elliott, Announces New CFO
PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its annual profit guidance. PayPal shares shot up nearly 12 percent after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial officer and a $15 billion…
Conservative Moms Group Grapples With Account Freezes by PayPal, Twitter, Facebook
A national conservative group of moms known as Moms for Liberty has had its PayPal, Twitter, and Facebook accounts frozen in the past six months. The 18-month-old nonprofit recently announced at a press conference that PayPay had frozen its account on July 15, leaving dozens of monthly recurring donations from supporters in limbo. Tina Descovich,…
Indonesia Blocks Yahoo, Paypal, Gaming Websites Over Licence Breaches
July 30, 2022
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JAKARTA—Indonesia has blocked search engine website Yahoo, payments firm Paypal, and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data…
Choose a Payment Method: PayPal vs Credit
You’re about to make an online purchase. At the shopping cart, a payment choice comes up. Do you want to use PayPal or a credit card to pay for the purchase? They both seem like good options. What are the differences? And is one more secure than the other? The Basics of PayPal PayPal is…
Choose a Payment Method: PayPal vs Credit Card
You’re about to make an online purchase. At the shopping cart, a payment choice comes up. Do you want to use PayPal or a credit card to pay for the purchase? They both seem like good options. What are the differences? And is one more secure than the other? The Basics of PayPal PayPal is…
Wells Fargo Enumerates Several Bottlenecks for PayPal, Reiterates Overweight Rating
Wells Fargo analyst Jeff Cantwell’s post-conference call with PayPal Holdings, Inc. listed multiple challenges for PayPal going forward. They saw that the competition had increased significantly for PayPal across its merchant and consumer businesses due to advances made by others, including Adyen N.V., Stripe, and Apple Inc., fueling doubts about the sustainability of PayPal’s moat. They believe that PayPal’s share in online…
Venmo, PayPal and Zelle®: New Tax Reporting Rules
Venmo, Zelle®, and PayPal are familiar online payment platforms. They are peer-to-peer payment apps that allow you to transfer money. Some people use them to pay family and friends. Others use them to make business transactions. What are these payment apps, and when you use them, can your transactions be taxed? Increased Tax Reporting on Payment…
Mizuho’s Bullish Re-Rating on PayPal Had an Apple Connection: Read to Know
Mizuho analyst Dan Dolev’s proprietary survey of PayPal Holdings, Inc.’s Venmo and Apple Inc. Apple Pay exhibited a “strong appetite” to tap to pay with Venmo if Apple opened up its near field communication to Venmo. Dolev estimates that tap-to-pay with Venmo could present a 10 percent total payment volume and 15 percent–20 percent sales upside given Venmo’s high in-store take…
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