Category: PayPal App

Paypal’s Crypto Partner Paxos Raises $142 Million From Carlyle Billionaire David Rubenstein And Others

Apps/Crypto, Banking Crypto, Crypto License/Guarantee, Cryptocurrency News, PayPal App

Paypal’s cryptocurrency partner Paxos has raised $142 million in Series C funding led by Declaration Partners, an investment adviser to the family office of Carlyle Group billionaire David Rubenstein. The round closed on November 24 and also includes investments from PayPal Ventures PYPL +2.3% and Paxos’ previous investors RRE Ventures and Liberty City Ventures.

In total, the firm has raised $240 million in venture funding, making it one of the highest funded firms in crypto, after Circle, which has raised $271 million. The firm declined to disclose how much the investment valued the company.

New York City-based Paxos was founded in 2012 under the name itBit. It was among the first bitcoin startups to operate as a regulated trust company, offering custody services for U.S. customers under New York banking law. In October, payment giant Paypal launched a cryptocurrency trading service in partnership with Paxos, letting customers buy and spend bitcoin.

“Our pipeline has expanded very significantly from having been in the millions of customers maybe a year ago to, now, billions of customers through partnerships,” says Paxos’ CEO and co-founder Charles Cascarilla.  “That is partly why we need to raise this capital, to really take advantage of the growth opportunities.”

PROMOTED Japanese Visionary Women BrandVoice | Paid Program Innovations Incorporating Traditional Japanese Crafts Into Modern Life UNICEF USA BrandVoice | Paid Program Inclusive Learning Opens Doors For Students With Disabilities In Indonesia Civic Nation BrandVoice | Paid Program My Experience Serving As An Election Judge

As part of the investment, the company plans to develop new products that help institutional clients track traditional assets like securities and commodities on a blockchain, a process called tokenization. “We always want to be able to think of other ways that we can grow our business, including, potentially, acquisitions and new hires,” adds Cascarilla. Part of the capital raise will be invested in regulatory infrastructure, which Cascarilla cites as one of the key reasons for Paxos’ success with onboarding strong institutional clients, such as PayPal and Credit Suisse CS +0.4%.

The investment news comes the day after bitcoin breached the $20,000 mark for the first time ever. Paxos likely played a role in cryptocurrency’s meteoric rise over the second half of the year. On October 21, PayPal announced its entry into the cryptocurrency market by integrating Paxos’ API-based crypto brokerage service and giving its 350 million customers access to bitcoin and a handful of other cryptocurrencies.

MORE FOR YOUWho Are The Biggest Businesses In Blockchain? Forbes Blockchain 50 Call For Nominations, 2021Visa Partners With Ethereum Digital-Dollar Startup That Raised $271 MillionHow To Track Official Election Results On Ethereum And EOS

PayPal’s embrace of crypto coincided with bitcoin’s rally, and some analysts have even expressed the view that the online payment giant is actually fueling the spike. Earlier in July, the American division of the U.K.-based fintech firm Revolut integrated Paxos’ technology into its app, enabling the fintech’s customers in 49 U.S. states to buy, hold, and sell bitcoin and ether. 

Paxos however shies away from positioning itself as a purely crypto-native venture, stating its commitment to provide infrastructure for multiple asset classes. In February, the firm facilitated what it describes as the first live application of blockchain technology for U.S. listed equities when Credit Suisse and Nomura Instinet began using the startup’s technology to settle equity trades. 

Invest $300 and get $2500 in a week completely legit and real

Paxos Settlement Service is a private, permissioned blockchain network allowing two parties to bilaterally settle securities trades directly with each other without using a middleman. In September, French banking giant Societe Generale became the third broker-dealer utilizing the service. To date, 15,000 trades worth approximately $75 million have been settled on the platform. 

On December 8, Paxos filed an application for a national trust bank charter with the Office of the Comptroller of the Currency (OCC), a regulatory agency that supervises banks and branches and agencies of foreign banks. If granted, Paxos could become the first custodian of digital assets to be regulated at both the state and federal levels. In 2015, it obtained a trust charter from the New York State Department of Financial Services (NYDFS) to become one of the first regulated companies in the state to offer crypto products and services. Follow me on Twitter or LinkedIn. 

Nina Bambysheva

Nina Bambysheva

I report on cryptocurrencies and emerging use cases of blockchain. Born and raised in Russia, I graduated from New York University Abu Dhabi with a degree in economics and Columbia University’s Graduate School of Journalism, where I focused on data and business reporting.

.

.

Cryptology News

The partnership announcement between the payments giant PayPal and the issuer of the major stablecoin Paxos Standard Token (PAX) might reportedly be made this week. PayPal is planning to bring crypto trading to its user base and has chosen New York-based Paxos to handle the new service’s supply of digital assets, reported CoinDesk, citing “two people familiar with the matter.”As for which cryptoassets PayPal would include in its rumored crypto trading option is not yet known and might be revealed with the official announcement of the partnership itself.

All data is taken from the source: http://cryptonews.com Article Link: https://cryptonews.com/news/paypal-an… #paypal #newswomen #newstodaybbc #newsworldabc #newstodayfox #newsworldwide

PayPal CEO Dan Schulman Explains His Strategy For Investing In Employees’ Financial Health

Health/Medicine News, PayPal App

Last year, PayPal PYPL -0.2% CEO Dan Schulman commissioned a study to understand how many of his employees were financially strapped. “I was almost positive the response would be, ‘No, we’re not, because you’re paying so well,’” Schulman said Wednesday at Forbes’ JUST 100 virtual summit. Internal research had shown that staff salaries were at or above market rates.

But the study’s results painted a different picture. “In all of our call centers and among our entry-level employees—more than 10,000 people inside of PayPal—two-thirds of that employee base struggled to make ends meet. That was such a huge wake-up call for me,” he said. 

Hedge fund manager and philanthropist Paul Tudor Jones II spoke on the panel with Schulman and noted that, for every year he has done research for the JUST 100 list of the most responsible public companies, “The number-one element of what makes a just company is pay and living wage.” The research polls thousands of Americans to identify what factors they deem most important in defining fair corporate behavior.

In October 2019, Schulman responded to the troubling survey results by lowering the cost of healthcare for employees by 60%. He gave every worker equity in PayPal, raised salaries and rolled out a financial education program to encourage saving. The changes reportedly cost tens of millions of dollars.  Recommended For You

Then PayPal did another poll to see if the changes had an impact. “Employees were four times more engaged, and three times less likely to leave the company,” Schulman said.

Higher morale creates a workforce that serves customers better and leads to better shareholder returns, the CEO believes. His company’s stock has risen nearly 90% this year, reaching a market value of $235 billion. “This idea that making a profit and having a purpose as a company are at odds with each other is fundamentally wrong. I actually think if you don’t have a purpose as a company, you don’t see your workers as your most valuable asset and you minimize your profitability.”

PROMOTED UNICEF USA BrandVoice | Paid Program Fighting COVID-19 In Venezuela With Soap And Water And Expertise Grads of Life BrandVoice | Paid Program Creating A Culture Of Inclusivity: A Spotlight On Atlassian & Genesys Works Civic Nation BrandVoice | Paid Program This Is What College Voter Engagement Looks Like Right Now Follow me on Twitter or LinkedIn. Check out my website. Send me a secure tip. 

Jeff Kauflin

Jeff Kauflin

I cover fintech, cryptocurrencies, blockchain and investing at Forbes. I’ve also written frequently about leadership, corporate diversity and entrepreneurs. Before Forbes, I worked for ten years in marketing consulting, in roles ranging from client consulting to talent management. I’m a graduate of Middlebury College and Columbia Journalism School. Have a tip, question or comment? Email me jkauflin@forbes.com or send tips here: https://www.forbes.com/tips/. Follow me on Twitter @jeffkauflin. Disclosure: I own some bitcoin and ether.

.

.

PayPal reported a record amount of new active accounts added to its platform in April, but it saw a drop in quarterly profit as the Covid-19 pandemic weighs on consumer spending. PayPal President and CEO Dan Schulman, joins “Squawk Box” to discuss.

For more coronavirus live updates: https://www.cnbc.com/2020/05/04/coron… For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

.

.

This App Lets You Build a Fully Functioning Website in Seconds

Content Marketing, PayPal App, Website Builder App

1

Any entrepreneur worth their salt knows you need a website to make your brand stand out and help your business scale. Websites help generate new business, simplify your operations, and give you greater standing in your community and with your customers. However, not everyone has the technical expertise to build a website from scratch, nor the capital to enlist a web designer when you’re just starting out. There are better solutions out there. Take, for instance, Sourcery Website Builder.

Sourcery is a simplified website builder that helps you create complete websites from scratch that are fully customized for your business. All you have to do is type your company name, connect your social profiles, and Sorcery will craft your website and keep it updated, optimized, and relevant automatically. It takes literally seconds to set up your website, which is why Sourcery was named a #5 Product of the Day on Product Hunt.

728x90

Sourcery is an appropriate name because it does sort of feel like magic. The program learns about your visitors through your public data and social profiles, automatically mining that data to keep your site fully relevant. Its instant setup and intelligent designs let you optimize your site manually and generate SEO-optimized, mobile-ready content in an instant. Your site is automatically listed in Google searches, is completely ad-free, and supports unlimited traffic and sales.

Sourcery also provides additional features like a Contact Us form, your operating hours, products and services offered, a public Google Calendar with events, and even Yelp reviews. You can collaborate on site with multiple users and view basic site analytics right in the primary dashboard.

There may be no easier or affordable way to get your business online. A lifetime subscription to Sourcery Website Builder is just $39.99 today.

Source: https://www.entrepreneur.com

Shopify: https://www.sitebuilderreport.com/try…
Webflow: https://www.sitebuilderreport.com/try…
Carrd: https://www.sitebuilderreport.com/try…
Weebly: https://www.sitebuilderreport.com/try…
Wix: https://www.sitebuilderreport.com/try…
An overview of the 6 website builders I recommend: Squarespace, Shopify, Webflow, Carrd, Weebly and Wix. Watch until the end to see my pricing comparison. My work is supported by affiliate commissions— so I may earn a commission from the links in the video description.

PayMember – How To Protect Your Files, Articles, Videos Using PayPal &  Allow VERIFIED PayPal Customers Access | Online Marketing Tools

PayPal App, Protection Tools, Security Apps

Do you want to have to spend hours learning how to use a software? Do you want to have spend hours more configuring and integrating everything? Nope, not me either!

And what happens if you don’t want to use WordPress anyway? Most membership site software only comes in the form of a WordPress plugin…

Don’t worry, PayMember is here to HELP!

Unlike other membership site software. PayMember is not expensive..

We are currently selling for just ONE LOW Fee. No subcription required, get full access for one payment today.

PayMember is EASY To Use

 

You literally just have to enter the URL of the content page you want to protect and click a button. EVERYHTING on the page, text, download files, images, videos are all protected for you just like that!

 

PayMember Works On ANY KIND Of Site

Paymember is a SAAS app that lets you protect any kind of content (files, videos articles etc) on ANY kind of site. You don’t need to use WordPress!

 

Step 1 : Add a Campaign

Click a button to create a new campaign for the content page you want to protect.

 

Step 2 : Enter the URL of the webpage you want to protect

You can protect any page on any site. Just enter the URL into PayMember and EVERYTHING on that page, including any download links is fully protected, and only verified customers, who have paid money into your paypal account, will get access.

 

Step 3 : Enter the name of your protected content ( to identify it in your Paypal transactions), and click a button!

PayMember works by looking up your PayPal transactions to make sure only customers who have PAID you get access to your content. So all you need to do is enter the name of your content to identify it in Paypal, and then your content is protected for you.

Source: PayMember – How To Protect Your Files, Articles, Videos Using PayPal &  Allow VERIFIED PayPal Customers Access | Online Marketing Tools

Why Sweden’s iZettle Sold To PayPal For $2.2 Billion Rather Than IPO

Business Assistance/Consultant, Business Assistant, Business Hacks, business News, Business/Innovation, Content Marketing, Joint Venture/Corporate, PayPal App

iZettle co-founders Jacob De Geer (left) and Magnus Nilsson

The announcement just 10 days ago that Sweden’s iZettle was planning to go public provoked cheers among European tech boosters, but that excitement proved to be short-lived. Instead of celebrating the rise of an independent tech company, we’re watching yet another local startup be gobbled up by a U.S. tech giant.

In this case, the deep pockets belong to PayPal, which announced it is paying $2.2 billion for the Swedish fintech company. That price tag offers the first clue as to why iZettle took the money rather than pursuing the IPO, which was expected to give the payment company a valuation just north of $1.1 billion.

iZettle cofounder Jacob de Geer penned a note explaining the decision, ticking off the usual boxes about how the companies have similar cultures and visions and how the deal will allow iZettle to go further faster.

“By joining the PayPal family, we’ll become iZettle with superpowers and jump on a fast track to realise our vision,” he wrote. “The opportunity to become part of PayPal was too good to pass up. Not only because of what it means for iZettle and for iZettle’s employees, but because of what we can offer to our merchants.”

That may turn out to be true, though tech mergers as a whole typically tend to start off with such optimistic sentiments only to run into sobering realities. There’s always a chance that the iZettle-PayPal hookup will be an exception, but success is far from guaranteed.

Given that iZettle is in 12 countries compared to PayPal’s 200, the latter can certainly help it deal more quickly with the various regulatory issues needed to expand into new geographies. But just how iZettle will be integrated (or not integrated) with PayPal’s own competing point-of-sale payment services remains to be seen.

Still, the IPO likely posed even greater risks for iZettle. On May 8, the company announced its intention to list on the Swedish stock exchange but had only provided preliminary financial details. In fact, iZettle had not published a more detailed prospectus before the PayPal deal was announced.

Naturally, the numbers iZettle disclosed were bullish. The company is on track for $165 million in revenue this year, up 60 percent from a year ago, while losses appear to be narrowing.

With that momentum, the company had said it hoped to raise about $227 million with the IPO. But it hadn’t gotten around to detailing, for instance, how much of that might go to insiders who were selling shares, nor how much would go to the corporate treasury.

Speaking of which, iZettle raised a total of $150 million in venture capital over the years, including a round of $47 million just last December. But at least $83 million of that was debt funding. Between paying off that debt and possibly watching some money go to insiders, an IPO looked a lot less like a possible corporate windfall.

Of course, the company was itching to get its hands on that money, having watched another U.S. competitor, Square, enter the U.K. market last year and talk up its European ambitions. With a market cap of about $22 billion, Square likely had the brand awareness and financial resources to give iZettle a good run for its core point-of-sale market.

The prospect of battling Square and PayPal for the hearts and minds and wallets of retailers — and with far fewer financial resources —  meant iZettle executives would have had to do one hell of a selling job to make the IPO a success, let alone ensure the company would continue growing and reach profitability.

So when PayPal came calling, it’s no surprise iZettle was willing to listen. The $2.2 billion price tag will certainly make this one of the biggest European deals to date, and it’s PayPal’s biggest acquisition by a huge margin, though PayPal has still not detailed how much of that figure is cash or stock, or whether it includes assumption of iZettle’s existing debts.

For iZettle’s part, the company appears to be retaining some independence, and de Geer will continue to run operations in Stockholm. But European tech boosters will have to be content with iZettle becoming yet another significant branch of a U.S. tech company.

“iZettle will become a center of excellence for PayPal’s in-store product and services offerings for small businesses going forward, which I’m really excited about,” de Geer wrote. “Creating a center of excellence in Stockholm with a global reach means a lot to me.”

By: @obrien  

PayPal’s 5 Biggest Acquisitions Before Its $2.2 Billion IZettle Deal

Business Assistance/Consultant, Business Assistant, Business Hacks, business News, Business/Customer Care, Business/Innovation, Content Marketing, PayPal App

PayPal announced last night that it is buying European Square competitor iZettle in a deal worth $2.2 billion. While this may raise questions around the ambitions of European technology startups, given that iZettle had recently revealed its intention to go public, it also highlighted how eager PayPal is to boost its brick-and-mortar aspirations in Europe.

But how does the iZettle deal compare to PayPal’s previous acquisitions? It turns out that iZettle represents PayPal’s biggest acquisition by a hefty margin.

Here’s a look at the five biggest previous PayPal acquisitions that we have figures for. Some of these include deals technically completed by eBay, as PayPal’s previous parent company.

1. Xoom (2015): $890 million

PayPal snapped up international money transfer service Xoom for $890 million back in 2015. This was PayPal’s final acquisition before it spun out from parent company eBay. The San Francisco-based company continues to operate today as a standalone service within PayPal.

2. Braintree (2013): $800 million

Mobile and web payments processing company Braintree became part of PayPal’s business in 2013, with the latter paying $800 million to close the deal. Braintree remains a key business unit for PayPal today, facilitating payments for ecommerce companies around the world.

3. Paydiant (2015): $280 million

PayPal bought out mobile payments startup Paydiant for $280 million in 2015, and it continues to operate as a PayPal unit under its own brand today. Paydiant provides a range of services for merchants and banks, including a white-label platform for companies to build their own mobile wallets.

4. Tio Networks (2017): $238 million

PayPal snapped up Canada-based bill payments services company Tio Networks last summer for $238 million. However, all has not gone well — PayPal suspended Tio Networks’ operations late last year following a data breach and broader concerns over security vulnerabilities in its platform.

In March, PayPal announced it would be winding down Tio Networks permanently.

5. Swift Financial (2017): $183 million

PayPal acquired Delaware-based Swift Financial last year, with a view to expanding the working capital program for small businesses it launched in 2013. Terms of the deal were not disclosed at first, but an SEC filing shortly afterward pegged the value of the deal at around $183 million.

PayPal has made 13 known acquisitions in its nearly 20-year history, and though we don’t have dollar values for each of them, we can be sure that iZettle represents its biggest acquisition by 2.5 times. That’s how much PayPal wants to infiltrate physical retail outlets in Europe.

By: @psawers  

PayDrill Ultimate PayPal Solution – Change The Way You Look At Your Paypal Account

PayPal App

PayDrill Created specially to work with PayPal and make your life easier, see stuff you’ve never seen before with this. Installs and ready to go in under 2 minutes, downloads data seamlessly and gives you faster access to transactions.

With our dynamic search and filters, never again will you have to wait every time you search for a transaction or a customer, PayDrill gives instant results. Whether you sell online or just use PayPal for purchases, now you can track everything easily. Save Money and Grow Your Business at the same time.

Simply knowing your average value per customer can tell you how much you are willing to spend to acquire them and how you can scale your business, get a BETTER ROI instantly. Just like you, we have been using PayPal for YEARS and have been desperately waiting for these metrics to be added to their interface.

PayDrill is the ultimate Paypal software the reveals amazing metrics for your online business – tells you everything you need to know about your income, sales, customers, products and your latest 5000 transactions inside Paypal.

It also works 10 TIMES FASTER than your regular Paypal interface giving you INSTANT search results for product, sales and customers.With PayDrill, you’ll have access to super smart info, insider data that you’ll never see inside your PayPal account.

  • Track all your purchases and payments in one place.
  • Cancel subscriptions in 1-Click
  • Spot unauthorized transactions immediately
  • Smart Trend Charts show you graph of your payments
  • Highlights give you intelligent info about your payments
  • Immediately see All Details about a payment
  • Filter and Sort payments in 1-CLICK
  • Dynamic Search lets you immediately find payments
  • Monitor payments and file a dispute if the product/ service has not been received

 

 

 

Paypal Profit Formula

PayPal App

1.jpg

In the step by step PayPal Profit Formula, you’re going to learn how to start making money easier and faster than ever.It’s true, I’ve uncovered a proven formula for finding hungry buyers who are ready to hand you cash because you have exactly what they want.After spending a year studying and dissecting all the top money makers online… I uncovered the same proven formula and pattern that each one used.And just from following it… you’ll be creating stuff that people already want to buy… meaning they WANT to give you money.I’ll show you how to stand in front of buyers who are looking for what you have… so they just buy it and put money into your PayPal. Best part: you only need around $20 in ad costs to get the flow of money started! Unfortunately, I can’t reveal any specific details of what this system entails.If I gave you all the steps and details, you may try to do it yourself… setting yourself up for even more failure because you wouldn’t have the secret that ties it all together.Remember… trial and error is why you’re here right now, struggling needlessly.

A

PayPal Tip Jar

PayPal App

1

Adding a PayPal “Buy Now” button on our blog, review page, or website opens up that digital door, inviting money to freely come in. 

Less than 7 minutes of work lets us attract payments and accept gratuity for anything we wish to ask for or offer such as….

  • People hiring us for our services…

  • People buying our physical or digital products for sale…

  • People paying us for coaching or phone consultations…

  • People Giving Us TIPS (aka: Accepting Gratuities!)

Those two simple words “BUY NOW” attracts attention from both buyers and givers.Even if our blog isn’t offering anything for sale, simply setting up a PayPal Button to work just like a tip jar lets people GIVE SOME GRATITUDE whenever they feel like it. 

It’s a fact — customers, clients, and our everyday readers LOVE GIVING GENEROUS TIPS for helpful advice. 

You and I both know the act of giving truly feels GOOD and lot’s of people out there feel that same way too. 

A big portion of our readers, clients, and potential customers would love the opportunity to give us extra thanks and gratitude, so don’t overlook that true fact.

Not having a PayPal Button available is totally ignoring the customers wholehearted desire to Buy or Give as they wish.  

And we know it (because we do it too) sometimes people buy things and give money just to express their ongoing thanks in return support.

Remember: That simple act of buying a little something from us, or giving us a well deserved tip out of the kindness of their heart, is allowing the customer to feel their happiest

This only takes a few extra minutes of work. The steps to include a custom PayPal button at the bottom of any blog post, review page, or wordpress page are simple. 

Image result for paypal tip jar

It quickly becomes the best part of our everyday writing workflow and truly said, there’s no excuses for not taking action towards attracting money.

Overlooking the idea by thinking that it’s “too complicated” for you is totally False. If you can copy and past you can keep up with the pace.

3 Reasons that PayPal reflects the importance of your site:

 REPUTATION: Everyone knows PayPal’s branding. That positive energy reflects directly back onto us, our product, and our service all at once. It’s the standard method for digital transaction accepted globally. A PayPal Button is recognized as the “Safe, Normal, Natural Way” to pay for orders online from anyone anywhere.

SECURITY: A PayPal Button shows our customers our honesty. Fast instinctive buying (and giving) happens naturally when the time comes to “BUY IT NOW!” We’re giving people the OK to feel comfortable and excited about their purchases. (versus anxious and worried.)

INTEGRITY: Everyone knows PayPal is built on trust between both buyer and seller. We can insure our customer 100% guarantees. PayPal gives us the personal control to provide instant returns at a moments notice when necessary.

Your custom PayPal Tip Jar Button will continue rewarding you 24 hours a day, 365 days a year. 

paypal tip jar image 5.jpg

 You’ll always have open opportunities to make money from your work in thanks to taking a few extra minutes of added effort.

It’s an energizing feeling when your smartphone is pinged by the PayPal App relaying that you “got paid” for a sale or “Tipped” again just for sharing good advice that you wrote the day before.