PayPal-owned Venmo appears to be going through a service outage which is preventing users from making peer-to-peer payments. User reports to Downdetector began spiking around 10 a.m. PST today. A resolution, however, seems to be gradually rolling out.
PayPal is launching support for U.S. customers to trade and hold cryptocurrency and to use it as a funding source for retail purchases. The payments processing company has expedited plans for global expansion as it looks to catch the first big wave of future digital public currencies.
When a company has the reputation that Facebook has, it's unsurprising that it will want to point to anything positive it does when the opportunity arises. Today, the company has announced that its fundraising tools have been responsible for more the $1 billion making its way to various charitable causes.
Google Pay has come a long way in the last few years, with tons of banks and financial institutions now supported in many countries. An integration with PayPal was also announced last year, giving users even greater options, but it's only been available in the US. If you live in Germany, you'll be pleased to hear it's now rolling out to you too.
PayPal's partnership with Google is "deepening" (as the company puts it) to allow making PayPal payments simpler across Google's multiple products. Soon, adding PayPal as a payment method to one Google service — Google Pay, the Play Store, YouTube, et cetera — will make it available on all of Google's services, including, for the first time, Google Pay Send.
Back in July of last year, Samsung announced that its home-baked payment system, Samsung Pay, was adding PayPal as a payment method. Nine months later Samsung seems to be making good on that declaration. We've received reports that people are finally seeing the option to add a PayPal account as a form of payment in Samsung Pay.
It's been a long time coming, but it appears that you can now add your PayPal Business Debit Mastercard to Android Pay. That means holders of this debit card can finally enjoy that sweet unlimited 1% cash back on eligible purchases when making contactless payments with their Android smartphone.
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.