Mobile payments service to stem from PayPal and Magento deal

Paypal Mobile Payments

The new service will allow consumers to be able to pay using the app while inside stores. Magento has belonged to eBay since 2011, providing it with an e-commerce platform that merchants were able to use for the creation of customized online shops, but this has been kept separate from PayPal, another acquisition, until the latest mobile payments service was developed. This program will bring eBay’s PayPal and Magento together, changing the current environment. eBay has just announced its most recent partnership which will bring Magento’s service together with the…

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Mobile payments drive in retail sector outlined by eBay

mobile payments John Donahoe, CEO of ebay

The massive online marketplace has ambitious intentions for testing the use of its services. eBay has now announced its intentions to put considerable testing into place in order to measure the behaviors of consumers who use its mobile payments services while they are in stores and restaurants throughout 2013. This is because its plans include the doubling of the current size of its PayPal business. According to the chief executive of eBay, John Donahoe, “Mobile is becoming the new normal.” He discussed a new partnership that the company has just…

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Mobile payments record broken by eBay

eBay mobile payments

The American smartphone transactions volume increased by 133 over last year’s figures. Mobile payments and everything in the smartphone commerce sphere has been making news headlines throughout the entire holiday shopping season, and the figures are now starting to reveal that records are being broken this year. eBay, for example, has shown that year over year, its use has exploded over smartphones and tablets. Similarly, Waifair.com, a home goods retailer, has reported that its Cyber Monday revenues spiked by 75 percent this year, when compared to the same day last…

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NFC technology still a possibility for PayPal

NFC Technology Mobile Payments Infrastructure

The online payments service has not given up on near field communications despite statements from eBay. Even though PayPal’s parent company, eBay, has brushed off NFC technology in the past, according to Adrian Christie, a spokesperson for the company, it has not entirely given up on it as a potential mobile payments option. Christie is the head of PayPal’s PR and communications and says the eBay subsidiary is still considering it. Earlier this year, when the results of the second quarter for the subsidiary payments company were being announced, John…

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eBay mobile payments lead to solid Q1 2012

eBay mobile payments

eBay has reported double digit increases to its mobile payment income through Marketplace and PayPal. Leader in global commerce and mobile payments, eBay Inc. has announced that its first quarter revenue for 2012 was $3.3 billion, which is an increase of 29 percent when compared to the same time last year. The eBay first quarter report indicated that the company saw a GAAP net income of $570 million, which translates to $0.44 per diluted share. It also stated that its non-GAAP net income was about $0.55 per share, at $725…

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