PayPal has launched a new crowdfunding-type service called Money Pools, which enables users to set a fundraising goal, and share a page describing the nature of the fundraiser with friends. PayPal suggests using money pools for group gifts, planning trips, special events like baby showers, or collecting money for someone in need. Chances are it will be used predominately for the latter, as almost half of the $2 billion raised on GoFundMe has been for medical expense fundraisers. Pages can be shared through email, social media, or messaging apps.
The payment processing is handled securely, as is to be expected from PayPal.
Paypal lets you withdraw money to your bank account, but it usually takes one day for the funds to make it over. In June, the company announced instant bank transfers using eligible debit cards linked to your Paypal account. Those would typically happen very fast (few minutes up to 30 minutes) and instead of being free, they'd cost $0.25 per transaction.
The option, however, was only rolling to select beta testers. Now it appears to be live for everyone on the latest Paypal update on the Play Store. It should only work in the US though — Paypal hasn't yet announced if it will ever come to other countries.
Skype and PayPal have announced a new integration that allows users to transfer money to each other. The Send Money feature means you'll no longer have to leave a Skype conversation when money needs to be exchanged – paying off debts will be just a swipe away.
Samsung Pay started with support for a subset of credit and debit cards when it launched almost two years ago. Over time, Samsung added new cards and banks to the service. Today, it's adding something that isn't a card—PayPal accounts. Plug in your account, and you can pay with PayPal anywhere Samsung Pay is accepted.
Yesterday PayPal updated its Android app to take advantage of Xoom, a service that allows you to transfer money internationally. PayPal acquired Xoom back in 2015 and only began integrating Xoom's features into its own services late last year. With Xoom users can send money to people in over 62 countries via a few different means, including topping up prepaid phones. Anyone who may be regularly sending cash to friends or family abroad will likely welcome the new Xoom integration.
PayPal integration in Android Pay has been a long time coming. We first spotted it in a teardown back in January, and an official announcement came last month. Now the feature appears to be going live, at least for some users.
PayPal has revealed today that it will be adding Venmo as an option during checkout. For now, it will be opt-in for users of Venmo and will manifest itself with the same convenience as PayPal. During the checkout process, users will be able to select Venmo with no changes required by sellers. There is no additional cost to the customer or retailer to use Venmo over PayPal.
Paypal announced in early 2016 a desire to return to the idea of NFC payments in the wake of Apple and Google's success. Earlier this morning, PayPal announced the ability to link it to Android Pay, so you could at least use your PayPal funds over NFC that way. Now Wells Fargo has announced they're rolling out support for PayPal customers to link and pay using NFC. It looks like PayPal has NFC on the mind.
2017 is turning out to be quite the year for Android Pay. Not only have we seen more banks added, but also some really interesting integration with a few select mobile banking apps. Now, PayPal is about to join in, which is fantastic.
I'm sure we all know PayPal by now - internet payments, used for eBay purchases, fees added, etc. PayPal Here, however, might be a little less well-known; it is a card reader for businesses to get paid on an Android device instead of a card reader. In a move to ensure security, the app has been updated with fingerprint support, following its addition in the parent app back in August last year.
The app does not allow screenshots to be taken with it open, so I've had to resort to taking pictures of the phone with the app on screen.