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PayPal Launching Mobile Daily Deals Service to Battle Groupon and LivingSocial

Neil Vidyarthi — Thu, 15 Dec 2011 11:25:13 +0000

PayPal, owned by eBay, is going head to head with Groupon and LivingSocial by unveiling a plan to offer coupons to its massive base of 103 million users. With Groupon recently having gone public and hovering a little under it’s IPO price of $25 and holding a market cap of $15B, investors see the daily deals market as a potentially lucrative one. So it’s no surprise that PayPal wants to get in the game.

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PayPal Mobile 3.0 for Android: Repay a Friend by Tapping NFC-enabled Phones

Todd Ogasawara — Wed, 09 Nov 2011 06:30:12 +0000

How would you like to repay a friend using PayPal by just tapping phones? That’s what is possible using the the updated PayPal Mobile for Android app and if (this is a big “if”) you both use one of the few NFC (Near Field Communications) Android phones such as the Nexus S. Sending money by tapping phones is done using the new Request Money with NFC.
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Person-to-Person Payments Using PayPal NFC App

Todd Ogasawara — Thu, 14 Jul 2011 04:41:21 +0000

NFC (Near Field Communications) looked like it was on the verge of exploding at the beginning of 2011. Now, halfway through the year, we’ve barely heard anything substantive about it at all. Until now…
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PayPal’s Mobile Payment Revenues To Top $3 Billion

Bilal Hameed — Fri, 24 Jun 2011 11:54:38 +0000

PayPal has announced that it is well on track to process $3 billion in mobile payments this year. The current number is a 50% increase on its previous projections according to which PayPal anticipated to rack in $2 billion in mobile revenues in 2011. In fall of 2010, PayPal projected that it will generate $1.5 billion in mobile revenues in 2011, a figure that it soon had to revise upwards to $2 billion.

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The Most Trusted Name in Mobile Payments is… PayPal?

Todd Ogasawara — Fri, 13 May 2011 05:46:37 +0000

What do you think is the most trusted brand for mobile payments? Would you have guessed PayPal?

PayPal is top brand for mobile payments: survey (Reuters)

In market research firm GfK’s survey, PayPal beat Visa, MasterCard and Apple. I found this puzzling since I do not use PayPal much. In fact, I have not been able to use it at all since my PayPal Security Key stopped working sometime in the past year or so.

Reuters mentions that NFC (Near Field Communications) may begin to shift mobile payments in the next few years. However, in the U.S., the once promising NFC groups that formed last year appear to be faltering. Reuters also notes that: In regions like western Europe and the United States, mobile payments are a harder sell because financial systems are well established and shopping in stores is already fairly convenient. This last factor may not be a blocking factor in the U.S., however. Starbucks Mobile payment app for the iPhone, for example is an extremely useful payment tool. It speeds up the transaction process and provides a new balance instantly. This is a huge incentive to use something other than a credit card or cash.

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Money Messenger Powered by PayPal for Your Discover Credit Card

Todd Ogasawara — Mon, 02 May 2011 04:29:21 +0000

Discover Card partnered with PayPal to transfer money from a Discover Card account to a PayPal account.

Paying people just got easier! (Inside Discover.com)

This service can be used from a web browser or from the updated free Discover Mobile iPhone app.

Discover Mobile 2.0 (iTunes App Store)

The only information needed to transfer funds is the payee’s email address or mobile phone number. The person receiving the payment needs a valide PayPal account. The person sending money is not charged a fee. An individual receiving the money are not charged a fee either. However, business who receive payment through Money Messenger are charged a fee to accept the money. The person sending the money from their Discover Card account does not need a PayPal account. Those holding Business, Corporate and Titanium cards cannot use Money Messenger at this time.

Discover Card Money Messenger powered by PayPal (Product page)

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Stream Media Raises S$1 Million To Unify Mobile In-App Payments

Bilal Hameed — Tue, 08 Feb 2011 15:15:10 +0000

Stream Media, a Singapore based mobile payment startup, has announced that it has successfully raised S$1 million in Series A funding from Stream Global and Sintel Innov8. Stream Media flagship product is MoVend, a global platform for mobile in-app transactions.

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"Philanthroper" Pulls A Groupon On Charities, Enables Group GiveAways

Bilal Hameed — Wed, 26 Jan 2011 09:00:03 +0000

Philanthroper is doing to charity what Groupon did to the world of coupons. In other words, just like Groupon promotes group buying, Philanthroper promotes group donations. The Chicago based startup works with one charity each day, and try to motivate as many people to donate a single dollar to that charity, as they possibly could find.

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"Operation Payback" Hacktivists Exact Revenge on PayPal, MasterCard For WikiLeaks Ban

Lauren Dugan — Wed, 08 Dec 2010 16:40:03 +0000

WikiLeaks has revealed some startling information about how diplomats interact on the world stage; but the organization has also revealed just how far different groups will go to make sure this information is read. In light of the number of attacks that WikiLeaks has undergone in the past week – including a distributed denial of service (DDoS) attack, servers pulled by Amazon, donations pulled by PayPal and MasterCard, and Assange’s personal troubles – an organization known as Anonymous has begun Operation: Payback to bring retribution down on the companies that would, in their words, censor WikiLeaks’ information.
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WikiLeaks Still Funded by Pirate Bay Founder's Startup

Kenneth Musante — Wed, 08 Dec 2010 13:55:12 +0000

While major online financing services such as PayPal, MasterCard, and Visa have shut down their dealings with the embattled WikiLeaks, one microfinancing startup is still hanging on. Flattr, a micropayment startup created by Peter Sunde, co-founder of the infamous BitTorrent sharing site The Pirate Bay, still accepts donations on behalf of the document-leaking non-profit.

WikiLeaks, which has come under intense international pressure after publishing leaked U.S. diplomatic cables, has seen its most of its major funding sources dry up (the big ones are U.S.-based). PayPal, owned by online auction giant eBay, restricted WikiLeaks’ account on Saturday, saying the organization violated its policy on facilitating illegal activity. MasterCard began denying donations to WikiLeaks on Monday, followed by Visa a day later.

PostFinance, the financial arm of the Swiss postal system also shut down a bank account owned by WikiLeaks founder Julian Assange, who was using it to collect donations. Assange was arrested in London on unrelated criminal allegations Tuesday.

Sunde has been a public advocate for Assange and WikiLeaks. He has also proposed a peer-to-peer DNS system that would prevent domain name registrations from being revoked, as was done with the WikiLeaks.org domain.

His company Flattr, based in Sweden, allows users to vote on content they like, much like Digg or CondÃ© Nast’s Reddit, except each vote is actually a micro amount of cash. Users pay a monthly donation to Flattr (minimum â‚¬2). At the end of the month, that fee is split between all the content providers that user has Flattr’d.

Sunde started Flattr in March along with Linus Olsson. WikiLeaks, which has experienced funding problems in 2009, was among its first financing partners, although any company can now sign up to accept Flattr payments. At the time, he told TechCrunch that Flattr was “prepared for the controversy.”

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Financial Times Now Accepting PayPal

David Cohen — Wed, 27 Oct 2010 11:50:41 +0000

As originally announced in March, Financial Times is now accepting PayPal as a payment option for users who want to subscribe to its FT.com Web site.

PayPal can also be used for FT‘s new FT Press Cuttings tool, which launches Thursday. FT Press Cuttings allows users such as public-relations professionals to email full-text articles at Â£1 ($1.58) per recipient. Links can still be sent free-of-charge.

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This Week in Consumer Web – August 20, 2010

Ellie Cachette — Fri, 20 Aug 2010 11:00:27 +0000

Blockbuster nears bankruptcy but thinks it can outdo NetFlix in the long haul, consumers can now make payments via their Twitter accounts using TwitPay, Jet-Blue sells “All You Can Jet” plane tickets for unlimited flying for a month and Savewave ramps up their digital coupon program. What’s going on? Companies are having to work harder for your money and you want them to. continued…

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PayPal Makes Online Fundraising a Social Experience with FundRazr

Lauren Dugan — Thu, 19 Aug 2010 16:10:41 +0000

Paypal is making it easier to donate money to your friends and family on social networks. From raising money for a child’s soccer team to gathering donations to support a loved one’s surgery, this new service, called Fundrazr, makes it easy to to make relatively small donations directly on your Facebook wall. This easy one-click solution is right on the heels of similar products to come out, most notably the donation tool Flattr. Whether these services will compete or be able to carve out their own niches is yet to be seen.
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WePay: The PayPal Payment System for Groups

rajdash — Wed, 31 Mar 2010 22:12:35 +0000

If you’re raising funds for any kind of real-life group, event or project, you might already know that it isn’t easy to manually manage and track funds with PayPal and other similar web-based payments providers, let alone allow members to view financial details. If that’s the sort of feature set you’re looking for, WePay might be what you’re looking for.
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Do Stuff. Get Money. Thanks Paypal!

andrewgr — Thu, 02 Jul 2009 14:57:51 +0000

Paypal. They might charge exorbitant fees that piss people off, but the reality is, they provide a service that 26 million people a month keep coming back for.

Looking to capitalize on some fun, the send-money-to-anyone service has rolled out a new Website, Do Stuff For Money. continued…

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