Ebay share price jumps as online retailer mulls PayPal spinoff August 21, 2014 Ebay is reportedly considering a spinoff of PayPal, its fast-growing online payments division, as early as next year. Shares of the online retailer jumped 4.6 per cent yesterday to $55.89 in New York. Ebay told its potential candidates for the position of PayPal chief executive, a post that former boss David Marcus left in June, [...]
PayPal launching small business lending scheme Working Capital for British firms July 22, 2014 PayPal is set to start lending to small businesses this autumn with the launch of PayPal Working Capital, the payments firm will announce today. The scheme offers PayPal’s business customers the ability to take a cash advance against their future sales for a one-off fee, rather than a traditional business loan with interest. The UK [...]
PayPal boss David Marcus out as Amazon starts rival June 9, 2014 THE PRESIDENT of payments firm PayPal has quit to join Facebook, parent company EBay said last night. David Marcus has led PayPal since April 2012, having joined when the firm took over his payments start-up Zong. He will leave on 27 June to lead Facebook’s messaging products. His departure was announced on the same day [...]
PayPal rival Stripe aims for the currency crown with expansion February 11, 2014 STRIPE, the online payments firm started by two Irish brothers in their mid-20s and valued at $1.75bn (£1.06bn) last month, has expanded its payment services from four to over 130 currencies. “This is something phenomenally important to businesses, because when you’re selling to an increasingly global audience you want to be able to make transactions [...]