Markets

PayPal slammed after eBay snubs it for another payment partner

PayPal‘s stock fell on news that eBay has signed up with a new primary payment processor. EBay accounts for 13% of PayPals processed payments. PayPal will remain on eBay’s platform until at least July 2023. Watch PayPal’s stock in real time here. Shares of PayPal plunged after news broke that […]
PayPal slammed after eBay snubs it for another payment partner
Markets

CREDIT SUISSE: Apple will never catch Venmo

Apple released Apple Pay Cash on Monday in the US. Credit Suisse says it poses no threat to PayPal’s entrenched Venmo business. Apple released Apple Pay Cash on Monday, which allows US users with an an up-to-date iPhone to send money to other iPhone users through the company’s Messages app. […]
CREDIT SUISSE: Apple will never catch Venmo