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PayPal Names Chief Communications Officer

SAN JOSE — PayPal Holdings has announced that Amy Bonitatibus has been named Chief Corporate Affairs and Communications Officer, effective May 28, 2024. Bonitatibus will report to Diego Scotti, Executive Vice President, Consumer Group & Global Marketing and Communications. Bonitatibus will be responsible for leading the Global Communications team and social impact and sustainability efforts across PayPal’s family of […]

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Rachel Kobetz Named Chief Design Officer at PayPal

PayPal announced this month that Rachel Kobetz has joined the company as Senior Vice President and Chief Design Officer (CDO), reporting to John Kim, Executive Vice President and Chief Product Officer. Rachel comes to PayPal from her most recent position as SVP and Global Head of Design at Expedia Group, where she was responsible for […]

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PayPal Signs Deal With Ticketmaster

PayPal Holdings has signed a multi-year deal with Ticketmaster parent company Live Nation Entertainment. The deal makes PayPal the Preferred Payments Partner of Ticketmaster, the nation’s leading ticket sales platform for sports and concerts. As a part of the partnership, fans will be able to pay with PayPal, PayPal Pay Later products, and Venmo (in […]

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PayPal Laying Off 2,000 Workers

PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]

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PayPal Introduces Grant Payments

SAN JOSE — PayPal has partnered with National Philanthropic Trust (NPT) and Vanguard Charitable to introduce Grant Payments, a new product that enables Donor-Advised Fund (DAF) sponsors, community foundations and other grantmakers to deliver grants to charities quickly and electronically via PayPal. Grant Payments will enable charities to receive grants shortly after the funds have […]

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PayPal Launches Cash Back Small Business Card

SAN JOSE — PayPal is introducing a new business credit card to better meet the everyday financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with […]

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PayPal Lets Users Transfer Crypto

In an untimely move, PayPal announced last week that users can now send crypto between accounts. Since then, Bitcoin has plunged by more than 30% and is now under $19,000 as of Saturday. PayPal said it now supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. This feature has been consistently […]

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PayPal, Venmo Instant Transfer Fees to Go Up

Fees for instant transfer of funds on Venmo and PayPal are both increasing in May and June. Instant Transfer allows customers to transfer their money instantly to a bank account or debit card for a fee. With Standard Bank Transfers, customers who can wait a few days can transfer their money for no fee, which […]

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PayPal Launches New Credit Card With 3% Cash Back

SAN JOSE — PayPal has introduced a new Cashback credit card, issued by Synchrony, which gives customers even more cash back when they shop with PayPal. With the new card, customers earn unlimited 3% cash back when paying with PayPal at checkout – online, mobile, or in-store with PayPal QR Code where eligible – and […]