Well-known payment provider PayPal carried out an annual survey in collaboration with Ipsos on cross border purchases by consumers worldwide. For this Cross-Border Consumer Research in 2018, they collected survey results at a global level between March and May 2018, to examine how people shop online and across borders. The survey was conducted in 31 countries among a total of
US users need PayPal Cash or PayPal Cash Plus account by 29th March
Payment company PayPal has informed their US customers of changes to the way US personal account holders can use and hold a balance with PayPal. Before the end of March 2019, balances will need to be converted into either a PayPal Cash account or PayPal Cash Plus account. The reason for these changes is a new federal regulation that comes into effect on April 1st, 2019. US
Revenue Shopify increases by 59%
Shopify: a Canadian company that started out as an e-commerce software company, but has grown to be a well-known e-commerce platform that assists web shops with a variety of services. It also passed the 1 billion dollar revenue mark in 2018. The company’s full revenue growth for 2018 reached 1.073 billion dollars (950 million euros). This revenue mark is a 59% increase in
Instant bank transfer payments introduced by Otto
OTTO, the German online platform has introduced instant bank transfers to its retailers and consumers. It enables customers to transfer payments instantly for their purchases. Using this payment method, the user fills out a mask with the recipient, IBAN, amount and purpose and releases the order. The key difference: the money now reaches the recipient within seconds. "Instant
Bank of China to enable payment in Yuan on U.S. e-commerce platforms in 2019
The official Xinhua news agency reports that the Bank of China’s New York branch will enable Chinese firms to receive payment in Yuan rather than Dollars from their sales on U.S. e-commerce platforms this year. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch