Payments News
Fee Hike as PayPal Tiered Rate replaces PayPal Merchant Rate
On and from the 19th of August 2019 the PayPal Merchant Rate no longer applies. In place of the PayPal Merchant Rate, a new lower PayPal Standard Rate of 2.9% plus a 30p Fixed Fee applies to each domestic Commercial Transaction payment received by UK,
PayPal Canada new solution to save up to 75% on shipping costs
PayPal Canada and netParcel have announced the launch of a new shipping solution which promises merchants to save up to 75% on shipping discounts in domestic and international markets. Sellers can register here for the new service. What does it offer? Management of all sellers' PayPal transactions
Clearpay launches in the UK with Urban Outfitters & BooHoo
Afterpay is a service enabling retailers to offer a ‘buy now, receive now, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay. Afterpay has more than 4 million customers in the
SCA to cause €57 billion in abandoned carts says Stripe
Ecommerce platforms are warning the EU that payment changes could seriously disrupt ecommerce. New SCA (Strong Customer Authentication) will introduce friction in ecommerce checkouts which could see increases in the numbers of abandoned baskets. Amazon, Worldpay are warning of the potential disruption with research commissioned by
eBay Canada adds PayBright instalment payment provider
eBay Canada have announced the introduction of PayBright instalment payment provider to the marketplace. The move will see eBay offering their shoppers to pay for their purchases in instalments for existing PayBright users. eBay say that the integration aims to create a "fast and easy instalment payment
14m Benfica fans can now buy tickets and merch cryptocurrency
14 million Benfica fans can now buy tickets and merch with their favourite cryptocurrency such as Bitcoin or Ethereum. Portuguese champions S.L. Benfica has become the first major European football club to accept cryptocurrency payments. Partnering with UTRUST, club supporters now have the option to use
PayPal Delayed transactions now completed
You may not have noticed, but PayPal had a glitch early in May which caused a delay in sending refunds and withdrawals to bank cards. Any PayPal delayed transactions from this period cleared as of the 25th of May and PayPal have now emailed customers
PayPal Commerce Platform launch set to support sellers’ growth as ecommerce progresses
PayPal today announced the launch of the PayPal Commerce Platform which is designed to meet the individual needs of marketplace merchants by offering them a set of services and tools. PayPal say that there has been a significant change in ecommerce in recent years and several
New eBay Santander partnership to offer marketplace finance
There's a new eBay Santander deal which will see Santander backed Asto offer finance to small businesses selling on eBay. The blurb says that the idea is to offer cash flow loans to assist the 200,000 businesses trading on eBay to grow their operations and ensure