Bitcoin Processors: PayPal Integration Was Months in the Making
PayPal revealed a series of groundbreaking partnerships earlier today when it announced a broad move to allow digital goods merchants to accept bitcoin payments via its PayPal Payments Hub service. The move has so far proved to be an expected though undeniable boon for bitcoin as it pushes toward mainstream acceptance. For example, the eBay-owned payments giant has 143 million registered users as of 2013, though only North American merchants are able to access the new payment methods. Larger effects on the ecosystem aside, the announcement is also a validation of the major bitcoin payment....
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Once seen as a direct competitor, PayPal has warmed up quite a lot to Bitcoin. Last year, PayPal's president David Marcus stated that his company was "thinking about" bitcoin. Then, just recently, PayPal announced bitcoin integration through one of its smaller projects - Braintree. And today, PayPal has partnered with three major bitcoin payment processors - BitPay, Coinbase, and GoCoin, to allow PayPal's digital goods merchants to accept bitcoin payments. PayPal Payments Hub. The PayPal Payments Hub is the company's alternative payments platform used exclusively for digital goods such as....
Braintree — a subsidiary of Paypal — announced its partnership with Coinbase last fall, confirming rumors of Paypal getting involved with Bitcoin. Now, Braintree has created a v.zero SDK as an open platform, giving merchants access to the most sophisticated payment tools and the most relevant payment methods via a single integration. Currently, Coinbase is one of the main Bitcoin payment processors, handling about 2.2 million wallets and 38,000 merchants globally. Braintree is a paypal company which lets companies all over the world accept payments online and make purchases easily. The....
Can you say landslide? That's the word that possibly most accurately describe's last week's poll. In that poll, we asked: "PayPal integrating digital currency: A good or bad thing?" We thought we might actually have a close race between "yes" and "no", but that wasn't the case at all. In total, there were about 700 votes cast, and a whopping 636 voters (90.86 percent) said that a digital currency integration into the PayPal platform would be considered a good thing. Only 64 people said that such an integration would be bad (9.14 percent). But why in the world would such a thing be....
Some pretty big news coming today from PayPal. The payments company announced Tuesday partnership with three major bitcoin payment processors: GoCoin, BitPay, and Coinbase. Merchants in North America selling digital goods - effective today - will be able to accept bitcoin from customers with an integration through PayPal Payments Hub, a utility that allows for easy payments acceptance through PayPal. PayPal writes today in a blog post: We chose to work with BitPay, Coinbase and GoCoin because of our commitment to offering innovative and safer ways for businesses to accept payments. All....
Different payment processors have different opinions on the definition of a microtransaction, commonly known as a miniscule payment for a good or service. Small businesses in the US like to require that customers make at least a $10 transaction on a credit or debit card. That's because some processors charge more for smaller transactions in order to make money on every purchase. PayPal, for example, sets its fees higher when payments are below $12, which it considers a microtransaction. Paypal's normal rate is 2.9% + $0.30, while there is a higher 5% + $0.05 micropayments rate. Can it....