tech planet

Thursday, 15 September 2011

EBay’s PayPal Plans to Offer Wider Range of Payment Options

 EBay Inc.’s PayPal service is adding features that give businesses more flexibility over how they sell wares and accept payments.
The changes, due in the coming months, include mobile payments, barcode scanning via handheld device, store inventory lookup and offers based on a person’s location, PayPal said today in a blog posting.
Improvements at PayPal are part of an effort by EBay Chief Executive Officer John Donahoe to accelerate growth and step up competition with Inc. in the e-commerce market. PayPal’s sales grew 31 percent last quarter, outpacing gains at the main commerce business for San Jose, California-based EBay.
“We gave merchants a sneak peek at PayPal’s new payment technologies that will help give their customers a much better shopping and buying experience through PayPal,” Scott Thompson, president of PayPal, wrote on the blog.
The new technologies will help boost PayPal’s volume of transactions in 2012 beyond the $130 billion it’s due to report this year, he said. The company had about $92 billion in payment volume in 2010.
EBay rose 74 cents to $30.14 at 4 p.m. New York time in Nasdaq Stock Market trading. It has gained 8.3 percent this year.

Editor:Parth sharma

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