What’s PayPal’s promise to merchants? What to expect from PayPal’s new offerings? How PinWheel Payments can help you in this increasingly digital world?
PayPal’s Strong Growth
2020 was a record year for PayPal. This year, Q2 showed strong results for the company, thus marking some of the best performance in the payments giant’s history. PayPal CEO Dan Schulman notes that if a merchant does all his/her business with them, this merchant can see a decrease in overall costs.
Now, the payments giant is working on expanding its crypto capabilities. So, it’s no wonder that the company’s current focus is on its cooperation with regulatory agencies and central banks around the globe. A number of countries are already interested in central bank digital currencies (CBDCs). So, PayPal aims to be ready to support CBDCs, which are, in fact, inevitable.
Electronic Payments, Merchants, Pricing, & PayPal
PayPal, which is among the biggest forces with regards to traditional electronic payments, is growing with rapid advances. What can you expect from PayPal? Well, now, the company enables its American users to use crypto as a funding source for their PayPal wallet. According to Schulman, as a result, digital coins will stop being a speculative asset class and will become a utility.
PayPal’s 30 million merchants can now accept bitcoin without the need to worry about conversion fees or other complexities. As you may know, an external blockchain address can’t accept BTC from PayPal. However, it’s still possible to benefit from price volatility. What this means is that you can purchase BTC through the PayPal app when it drops and then sell it for a higher price.
Thanks to PinWheel payments, you can enjoy exemplary services, custom-built technologies aimed at providing the highest level of reliability and security. This is a fine opportunity to bring exceptional effectiveness and efficiency to your business, as well as use innovative payment technologies focused on multi-currency processing.
Thanks to PinWheel, you can manage your global payments from a single platform. In addition, you can make your transactions simpler and enjoy frictionless fraud prevention services.
PayPal for Merchants
Digital acceleration is happening in all spheres. Digital payment processing is gaining more traction. PayPal is working on helping merchants benefit from pricing.
Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.