Category Archives: PayPal

Buy Mobile Gift Cards With Square Wallet For The Holiday Season Today (Video)

A new version of the Square Wallet app, which works with Apple Inc.  iPhone and iPad as well as devices running Google Inc.’s software, lets users buy and redeem mobile gift cards in amounts from $10 to $1,000. Square enables retailers to accept payments with a device that plugs into a smartphone or tablet.

Mobile Gift cards are Square’s latest effort to convince customers to choose its fledgling service over PayPal Here, a mobile card reader that also works with smartphones and tablets. Square’s gift certificates may help the company gain share in the market for mobile payments, which Juniper Research estimates may top $170 billion in transactions by 2015, up from about $60 billion last year.

PayPal Sees Mobile Payments Jump 193 Percent On Black Friday

eBay-owned PayPal is reporting that Black Friday global mobile payments volume was up 193 percent from last year.

eBay is also reporting a major increase in transactions; total mobile volume in the U.S. was up 153 percent, and GSI Commerce saw a 198 percent jump in mobile sales.

PayPal spokesperson Anuj Nayar says that the payments giant believes that this is the year where holiday shopping on mobile devices has gone mainstream. Shoppers in Houston made the most purchases via PayPal using mobile phones. For the previous three years, New York City has taken the top spot.

PayPal Enhances Their Mobile Payment Strategy With Card.io

PayPal challenged the darling of the mobile payment space, Square, by unveiling its own mobile payment solution, PayPal Here.

Now PayPal seems to be doubling down on that bet. The company announced that it has solidified its relationship with the company powering PayPal Here–credit card scanning start-up Card.io–by acquiring it for an undisclosed amount.