Archive for Paypal

PayPal Brings You The Top E-commerce Moments Of The Last 25 Years

Posted in Commentary with tags on August 8, 2019 by itnerd

This Sunday, on August 11th, the world celebrates the 25th anniversary of e-commerce. An invention that changed everything: the way we shop, travel, communicate and conduct business. And the people at PayPal have gathered a list of key milestones:

  1. 1994 Dan Kohn, a 21-year-old entrepreneur makes the first online transaction.  On August 11, 1994, Kohn sold a CD of Sting’s “Ten Summoner’s Tales” to a friend, who used a credit card to spend $12.48, plus shipping costs. That transaction was the first to be protected by encryption technology.
  2. 1995 – eBay was born, first as the ‘AuctionWeb’. Its creator Pierre Omidyar wanted to create an online marketplace, and he reportedly wrote the first code for it in one weekend.
  3. 1998PayPal launches as a secure online payment system.
  4. 2004 – Blockbuster Video were the first official online film and video game subscription service. Despite their demise, they developed a simple subscription model framework that is still used today by Netflix and Amazon Prime.
  5. 2004Shopify, a Canadian e-commerce company supporting online retailers,  launches a Canadian online store selling snowboards. Today Shopify reports it had more than 800,000 businesses in approximately 175 countries using its platform, with total gross merchandise volume exceeding $41.1 billion for calendar 2018.
  6. 2006 – Canadian blogger Kyle MacDonald bartered his way from a single red paperclip to a house in a series of fourteen online trades over the course of a year.
  7. 2006 – The most expensive thing purchased via e-commerce (eBay) is a $168 million, 405-feet-long Gigayacht designed by naval architect Frank Mulder for Russian billionaire Roman Abramovich.
  8. 2009 – Crypto currency, Bitcoin, launched on Jan 3rd.
  9. 2011Canadian heartbreaker Justin Bieber’s hair is sold on eBay by Ellen DeGeneres for $40,668.
  10. 2013 – KISS rocker Gene Simmons gum sells for almost $250,000.
  11. 2017 – 50% of online businesses launched within the last two years owned by women.
  12. 2017 – Cyber Monday sales exceed $6.5B. 
  13. 2017While four out of five Canadians shop online, less than one in five (17 per cent) of Canadian SMEs businesses are using online payment tools such as electronic invoicing, online marketplaces, or e-commerce-enabled websites.
  14. 2018 – PayPal surpasses 250 million active accounts worldwide.
  15. 201887% of Canadians made an online purchase in 2018 (46% on mobile).

It will be interesting to see what the next 25 years has in store for us.

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Visa & PayPal Team Up To Allow Consumers & Small Businesses In Canada To Access Money Faster

Posted in Commentary with tags , on July 2, 2019 by itnerd

Visa and PayPal today launched a feature that allows consumers and small businesses in Canada to instantly access funds. PayPal’s new Instant Transfer, powered by Visa Direct, Visa’s real-time1 push payments solution, moves money from customers’ PayPal accounts to their bank account via their Visa debit cards – providing an experience that offers speed, security and convenience, 24/7/365.

The desire for faster payments is escalating: 60 per cent of consumers report that having funds available more quickly for personal use is a benefit of real-time funds disbursements2. For small businesses, the ability to manage cash flow is critical to their growth and success – 85 per cent of small businesses say they would likely switch to a new merchant acquirer who offered real-time payments3.

Instant Transfer for PayPal consumers is now widely available, and for small businesses it is currently available to an early access group of PayPal customers, with plans to be released across Canada in the coming months. For more information about Visa Direct, visit: https://usa.visa.com/run-your-business/visa-direct.html.

PayPal Rolls Out New shipping solution For Small Business

Posted in Commentary with tags on June 12, 2019 by itnerd

In a significant move that will help boost cross-border trade, PayPal Canada launched a new solution that offers small businesses up to 75 per cent in shipping discounts. Additional features include a one-day shipping service to the U.S., tracking links on every parcel and an integrated platform where online sellers can import their orders from popular marketplaces to arrange shipment.

High shipping costs and a lack of efficient shipping options have long held back Canadian business owners from selling internationally. Despite the fact that Canada currently has 14 trade agreements with countries around the world, only 12 per cent of small and medium businesses take advantage of these opportunities. Some of the greatest international growth opportunities are in the U.S., Canada’s largest export market, where businesses can send goods valued up to $800 free of tax, duties and brokerage fees.

In addition to deep discounts, there are a number of beneficial features of this new service:

  • Sellers conducting business on different platforms now only have to go to one web page to meet all their shipping needs. After importing their sales from Shopify, Etsy, eBay or WooCommerce into the platform, sellers can easily pick and choose the quickest and most affordable way to send their parcels.
  • Tracking links are available for every parcel, making it easy for packages to be traced until they reach their destination.
  • One-day delivery to the United States, Canada’s leading export market.
  • While most shipping solutions are subscription based, this shipping tool is available to use at no extra charge.

This new shipping solution gives Canadian business owners a strong incentive to reach beyond the nation’s borders.  In an effort to save small business owners’ money, PayPal has partnered with netParcel, a Toronto-based technology company that provides access to discounted shipping rates. As a result, more than 250,000 businesses that use PayPal can now take advantage of aggressive shipping discounts—whether they are shipping parcels within Canada, to the U.S., or anywhere overseas.

Shipping through PayPal is available now to all Canadian customers. For more information, visit  http://paypal.ca/shipping.

PayPal Canada Partners With Nissan Micra Cup To Save Fans Time & Money

Posted in Commentary with tags on May 9, 2019 by itnerd

PayPal Canada today announced it is the official payments partner for the 2019 season of the Nissan Micra Cup presented by JD Promotion & Competition Inc., in collaboration with Nissan Canada. This will allow motorsport fans to save time and purchase tickets for the two 2019 Nissan Micra Cup races taking place at Canadian Tire Motorsport Park (May and August) online through PayPal.

In further support of this race series, PayPal has also joined hands with Motorsports in Action (MIA) to be the title sponsor of two Nissan Micra Cup cars in this highly competitive series. PayPal Canada-MIA will campaign the #58 car of Taylor Near, 28, and the #97 car of Marco Signoretti, 21. Two promising racers, Near is a Toronto native who has claimed multiple top-five finishes in the Ontario Formula 1200 Championship and claimed the rookie of the year title in his debut year in the Ontario Formula Ford 1600 Championship, and Signoretti is one of Canada’s best up-and-coming young drivers, having claimed the Eastern Canadian Karting Championship and representing Canada in the Rotax World Finals in 2016 and 2017.

The Nissan Micra Cup is the most affordable motorsport series in Canada. Unlike most motorsport events, each Nissan Micra race car has the exact same specifications, resulting in a competition that truly reveals the most skilled drivers. The Nissan Micra Cup exclusively features the stock Micra 1.6 S manual transmission model with minor modifications to render it race-ready. From May to September, across six races in Ontario and Quebec, over 25 Nissan Micras tackle Canada’s most established and challenging racetracks, offering fans an adrenaline-packed show at every turn.

The Nissan Micra Cup features six race weekends across Ontario and Quebec:

Schedule

PayPal has also partnered with Canadian Tire Motorsport Park (CTMP), one of the foremost racing and automotive performance facilities in Canada.  Opened in 1961, the iconic CTMP track is the home to a full calendar of world-class events and attracts more than 530,000 visitors annually. Starting today, race fans will be able to save time and purchase tickets with PayPal for all of CTMP’s major 2019 events including the two Nissan Micra Cup events online at www.CanadianTireMotorsportPark.com.

Fans can pay with PayPal to save 25 per cent off a Weekend Super Ticket or a Sunday Ticket for the upcoming May 17-19 Victoria Day SpeedFest Weekend at Canadian Tire Motorsport Park. Tickets can be purchased here using code PayPal25.

Last Minute Tax Tips, Pay With PayPal

Posted in Commentary with tags on April 24, 2019 by itnerd

The tax deadline is fast approaching and If you’re putting together tax tip roundups, here are a few tips you might want to include.

Canadians want a way to pay their taxes quickly and easily and now they can with PayPal.

Paying with PayPal has many benefits:

  1. Trusted way to pay: PayPal doesn’t share customer financial information with merchants, so payment information is protected.
  2. Earn credit card rewards: Taxes can be paid with the credit card associated with a PayPal account and collect rewards points on that card.
  3. Canadians abroad can now stay on top of paying taxes online: About 2.8 million Canadian citizens live abroad. Canadian expatriates who have to file their taxes and owe money to the CRA can pay online easily while abroad.
  4. Use your PayPal balance: More than 250,000 Canadian small businesses use PayPal. Now, these entrepreneurs can simply use the existing balance in their PayPal account to pay income taxes, creating a seamless flow for busy business owners. Of course, anyone can also choose to pay with other options in their PayPal account, including bank account, Visa Debit or credit card.

Taxpayers can beat the deadline by visiting www.paysimply.ca/paypal.

New Data Shows Increase Of Mobile On-Demand Apps Usage Across Canada: PayPal

Posted in Commentary with tags on November 27, 2018 by itnerd

With the holiday season in full swing, Canadians are increasingly turning to their phones using mobile on-demand apps to streamline their tasks and checking off their to-do lists. New research from global mobile payments leader PayPal reveals that Canadian mobile app users on average spend at least $2,500 annually on apps for everyday tasks. Coming in particularly handy over the holidays are apps for travel, cab rides, food and grocery delivery, cleaning, laundry, and at-home beauty services.

As the mobile on-demand economy continues to grow, the PayPal Canada study reveals half of Canadians rely on an average of three on-demand apps, a trend that continues to accelerate. Recent data found Canadian mobile app usage has grown by 74 per cent in the past two years accounting for nearly half of global internet traffic last year.

Chores are less of a bore with mobile apps saving the day

Mobile apps are defining a new lifestyle trend with more and more Canadians incorporating mobile on-demand apps into their daily routines to streamline daily chores and tasks. With holiday demands and endless to-do lists, it’s no wonder that one in five Canadians have started using mobile apps for their laundry and dry-cleaning (22%), beauty services (21%), and grocery delivery (19%) and these numbers are likely to increase during the holidays to free up time better spent enjoying with friends and family.

Men versus Women: who relies more on apps

The data reveals that men are leading the charge when it comes to on-demand task-based app usage. The study reveals men are significantly more likely than women to rely on mobile on-demand apps to tackle day-to-day tasks.

  • When it comes to getting around town, nearly three quarters of men (74%) rely on apps for taxis or rideshares, compared to two out of three women (64%).
  • Men are more likely to use a mobile app to get groceries delivered – 42% compared to 31% of women.
  • More men (32%) use a task-based app such as a house cleaning service compared to women (22%).
  • Similarly, more men (29%) use mobile laundry and dry-cleaning services to ease the burden of chores than women (17%).
  • However, women (28%) are more likely to treat themselves to beauty services via mobile apps like Style or Soothe than men (25%).

Fueling holiday hunger

Some of the first mobile on-demand apps developed – specifically food and beverage apps – continue to drive usage with 70 per cent of Canadians taking their morning meal on the go by ordering coffee and breakfast items. Nearly two out of three Canadians are using mobile apps like UberEats and Foodora for food and meal delivery (63%).

In British Columbia, using mobile apps to streamline the morning routine is even more prevalent with 78 per cent usage whereas those in Quebec are the least likely to use mobile apps to order coffee or breakfast items (54%).

Going further, the survey found a huge proportion of Millennials turning to mobile solutions, with 77 per cent of them using food and meal delivery apps, versus 43 per cent of Boomers.

From arriving in style to parking with ease

As the holiday season comes into full effect, Canadians will plan their holiday events and gatherings and likely use cabs to get to where they need to be as quickly as possible. The study reveals more than two thirds (69%) of Canadians rely on mobile apps for taxi or rideshare services, such as Uber or Lyft and these numbers are likely to spike during the holidays when festivities rise.

Parking apps are seeing greater adoptions. Nearly half of Canadians (49%) are using mobile apps for parking, such as Green P or EasyPark. This is not only a trend in urban centres. Three quarters (76%) of urbanites use mobile apps for taxis and rideshares, while 64 per cent of their suburban counterparts, and 52 per cent of those in rural areas, do the same. However, both urban (51%) and suburban (48%) Canadians prefer the convenience of paying for parking through an app.

For more information on mobile on-demand apps, please visit www.paypal.ca/shopping.

Study methodology

The online survey was conducted through the Legerweb panel. The study was in field between August 30 – September 6, 2018, and surveyed n=1,807 Canadian mobile app users* starting from the ages of 18 and older. The survey was offered Canada-wide in English & French. The estimated margin of error for the total sample is +/- 2.31% at a 95% confidence level.

*To qualify as a Canadian mobile app user, the respondent must be 18+ years old, and use 1 or more mobile apps for on-demand services (i.e. taxi and ride sharing (like Uber or Lyft), parking, food and meal delivery, coffee, beverage, and breakfast items, grocery delivery, beauty services, laundry and dry-cleaning, and other task-based services such as dog walking, handyman, and house cleaning). The incidence rate for those using one or more mobile apps for on-demand services is 50% of the adult population.

PayPal Giving Fund launches in Canada with Facebook

Posted in Commentary with tags , on November 15, 2018 by itnerd

In a move to enable greater charitable giving in Canada, PayPal Giving Fund Canadalaunched yesterday, with a mission to partner with leading companies like Facebook to develop innovative online giving programs that inspire a new wave of philanthropy.

Canadian charities registered with the CRA can now enroll via this link to reach more donors to support their cause.

Also announced yesterday is a partnership between PayPal Giving Fund Canada and Facebook where, for the first time in Canada, charities can raise money directly on Facebook using PayPal Giving Fund Canada’s platform without any charges, because Facebook is covering the payment processing cost. Details of Facebook charitable giving tools can be found here.

PayPal Giving Fund Canada, a CRA-registered charity, uses PayPal technology and financial support to help raise funds to benefit Canadian charities. Operating costs are covered by partners, meaning that charities or individual donors are not charged for any services. 100% of donations made to PayPal Giving Fund Canada are distributed to Canadian charities. In the US and UK, PayPal Giving Fund helped raise over CAD $130 million to benefit 46,000 charities in 2017.

You can find additional information on this announcement here.