It's a well established fact that backing a crowdfunded campaign is like playing with fire. Unfortunately for backers everywhere, however, there's yet another roadblock in the way of getting that cash back: PayPal is taking away its purchase protection for crowdfunded payments.
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A report in Recode today suggests that Apple is planning to bring Apple Pay to websites later this year, which will let you buy stuff online with your iPhone. An incremental change to a marginally popular payment service doesn't sound exciting, but it's arguably the biggest payment move Apple has ever made.
Despite some slightly questionable practices, PayPal continues to be the best (or only) way for millions of online businesses to take your money. So an outage, even just a few hours long, can cost millions.
PayPal, a company that specialises in online payments and screwing over its customers, has a new user agreement. Headlining the changes is a new provision that will let PayPal bombard your phone lines with robocalls — and there's no opt-out. It's put up, or get lost.
Yesterday, PayPal agreed to pay customers $US15 million for ripping them off over the past few years. After I wrote about it, reader horror stories started flooding my inbox and comments.
After the US Consumer Financial Protection Bureau filed a complaint against PayPal today, the company quickly agreed to refund $US15 million to customers it ripped off over the past few years.
Tech companies are continuing with the long, hard struggle to rid the planet of credit cards. Today's slightly awkward solution comes courtesy of PayPal and Pebble, who will now let you ditch your wallet, provided you own a Pebble smartwatch, have a PayPal account and shop at stores that take PayPal.
PayPal has just taken its very first baby step towards allowing Bitcoin payments for goods, thanks to a partnership with payment processors BitPay, Coinbase and GoCoin. PayPal's move isn't a wholesale endorsement of the crypto-currency: by partnering with existing Bitcoin payment processors, PayPal doesn't actually have to handle (or hold onto) any Bitcoin itself, which basically makes this a risk-free move on PayPal's part.
There's a new contender in the digital wallet arena: Amazon has launched Amazon Wallet in the US, the e-commerce company's would-be answer to PayPal and Google Wallet.
Square hasn't even launched in Australia yet, and already the Commonwealth Bank is running scared. The bank has plans this week to launch a small, portable mobile payments device to gobble up the small business payments market before competitors Square, PayPal, MYOB or local rival Westpac have the chance. Meet Emmy.