Facebook’s Libra cryptocurrency has yet to be released but it seems that the company is already facing quite a number of issues. Adding onto those issues would be PayPal, who was initially announced as one of the founding supporters of Libra, but have now confirmed that they will be withdrawing their support of it.
PayPal announced last year that it was making it possible for businesses to access their funds after a sale is generated. They could access funds from completed sales instantly provided certain conditions were met. This facility was not extended to individual users and they still had to wait for bank transfers. That changes today with PayPal’s new Instant Transfer option for users in the United States.
The ongoing government shutdown has affected countless U.S. federal workers as they have not received their paychecks. In order to give them a helping hand while the politicians figure things out, PayPal has announced that it will offer $25 million in interest-free credit to the federal workers. The credit is meant to ease some of the financial pinch that these workers have been facing since the shutdown.
If you’re thinking about subscribing to Spotify, or if you’re already a subscriber and you’re trying to save yourself some money, then you might be interested to learn that PayPal has a Spotify gift card on sale in which for $60 in value, it is being sold for a $10 discount which means that you’ll only be paying $50 for it.
PayPal is used by many all over the world, where it has facilitated secure payments for both sellers and buyers. Now the good news is that if you do use PayPal extensively, you’ll have more places in which you will be able to withdraw money from your PayPal account, as well as make deposits if any.
The upsides to a cash-only business is that whatever money you make, you make it on the spot. This is versus using credit card systems or other types of payment systems in which you usually have to wait for it to be processed and paid out to you. However PayPal is hoping to do away with that stigma with a new feature called Funds Now.
If you’ve been using PayPal’s mobile app and thought that the app could do with a refresh, you’ll be pleased to learn that PayPal has announced that they have since updated their app which they have given a brand new revamped design. According to PayPal, the updated app is meant to be faster and simpler to use than before.
Uber users will soon be able to use another payment method to pay for their rides. PayPal has confirmed that it will enable Uber riders to pay with their Venmo balance. This will let them settle the bill for their rides with the money that’s in their Venmo accounts. Uber is going to officially launch this “Pay with Venmo” in the near future.
Just like how with PayPal, users can opt to make payments through the website or through the mobile app. There is no right or wrong way, just personal preferences. However it seems that with Venmo, the company has decided that they will only support payments made through its mobile app moving forwards.
PayPal and Google have an existing partnership where PayPal can be used as a payment option for the Play Store. However the good news for PayPal users is that if you wanted to keep using PayPal across Google’s other apps and services, you now can as both companies have recently announced that they will be deepening their partnership.
PayPal’s presence on the internet is huge where many online retailers offer it as an option for its customers to use when paying for purchases. However in the real world, PayPal has almost zero presence in physical stores, thus missing out on all the potential transaction fees that are happening every second.
If you’ve managed to accumulate a lot of credit on PayPal, or if PayPal is your preferred choice of payment platform, you might be interested to learn that PayPal will now be supported by at least one more company in the form of Samsung. What this means is that those who use Samsung Pay will now be able to choose PayPal as their method of payment.
When you shop online, you are usually presented with several ways of payment. The most common way would be to either use your credit card directly, or more often than not you will find PayPal as one of the options as well which is one of the more popular ways of making online payments.
PayPal is a company known by many to be an online payments facilitator, where users can go through PayPal’s service to make payments for purchases online, such as through eBay and other websites. This is because PayPal has protection services that help protect buyers and sellers from scams.