![[Targeted] eBay: Pay Using Venmo Or PayPal & Get $10 Off $30+, Use Promo Code FOPPPV3 – Doctor Of Credit](https://reportwire.org/wp-content/uploads/2020/05/ebay-deal-1.png)
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Direct link to offer (This site contains affiliate links for which I may be compensated.)
Nice deal if you’re targeted.
Hat tip to curmudgeon
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William Charles
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PayPal is investing in its platforms and capabilities to keep up with consumer demand for digital payments. “Today, we operate in a massive, $6 trillion plus, global e-commerce market that benefits from the ongoing digitization of payments,” PayPal President and Chief Executive Alex Chriss said during today’s second-quarter earnings call. To keep up with the […]
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Whitney McDonald
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PayPal has sent out an e-mail to PayPal Cashback Mastercard cardholders informing them of the following change:
Starting on August 1, 2024, Eligible Purchases made using your card but not through PayPal checkout will now earn unlimited 1.5% cash back.
The good news is that Eligible Purchases made when you check out with PayPal will always earn unlimited 3% cash back. Plus, you’ll still earn additional cash back by saving offers in the app and on PayPal.com before you shop.
This card used to earn 2% on all purchases and 3% when checking out with PayPal. Only really annoying for people that don’t have another card that earns 2% cash back on all purchases.
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William Charles
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Savant Capital LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,890 shares of the credit services provider’s stock after selling 726 shares during the quarter. Savant Capital LLC’s holdings in PayPal were worth $792,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of PayPal by 5.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 478,411 shares of the credit services provider’s stock valued at $27,968,000 after purchasing an additional 24,231 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of PayPal by 41.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 32,119 shares of the credit services provider’s stock worth $1,878,000 after buying an additional 9,377 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in PayPal by 114.3% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 7,500 shares of the credit services provider’s stock valued at $438,000 after buying an additional 4,000 shares in the last quarter. Telemus Capital LLC grew its position in PayPal by 58.7% in the third quarter. Telemus Capital LLC now owns 10,387 shares of the credit services provider’s stock valued at $607,000 after acquiring an additional 3,843 shares during the last quarter. Finally, Veracity Capital LLC raised its stake in PayPal by 19.2% during the third quarter. Veracity Capital LLC now owns 4,121 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 663 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.
In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.
NASDAQ PYPL opened at $65.70 on Friday. The company has a market cap of $68.73 billion, a P/E ratio of 16.55, a PEG ratio of 1.20 and a beta of 1.41. The company has a fifty day simple moving average of $63.69 and a 200 day simple moving average of $60.50. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on PYPL shares. Robert W. Baird raised their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen boosted their target price on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, Evercore ISI upped their target price on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Wednesday. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $72.73.
Read Our Latest Stock Analysis on PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
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ABMN Staff
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HSBC is restructuring the organization by leaving some geographic territories, investing in tech and — most recently — undergoing a leadership change. The bank is looking for a replacement for Chief Executive Noel Quinn, HSBC Chairman Mark Tucker announced during today’s first-quarter earnings call. Tucker said he hoped to have a replacement for Quinn by […]
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Vaidik Trivedi
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Vaidik Trivedi
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Whitney McDonald
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It started off innocently.
I owed my brother some money and was going to Paypal him the money. As I’m about to press Send, it dawned on me that I still have $800 left on my Chase Freedom card that hadn’t been maxed out from the Q4 2023 5x categories. Why not send the money with card funding, swallow the 2.9% fee, and get the 5x rewards.
As I’m about to press Send on the $800 card payment, I recalled an old DoC post about Chase charging cash advance fees for ‘Family & Friends’ payments on Paypal payments funded with Chase cards. I haven’t heard of this issue in a while, and assume that it’s no longer an issue, but I wasn’t able to get an concrete verifications in the comments there.
To avoid any cash advance questions, I switched the payment from ‘Family & Friends’ to a payment for ‘Goods and Services’. The only difference when choosing this option is that the 2.9% fee comes off the side of the recipient who is the business owner. When sending $800, my brother will land up getting around $776. We can work that out.
My brother received the payment, along with notification, “You have money on hold, Add your Tax ID by March 20, 2024 to end the tax ID hold and avoid 24% IRS backup withholding.”
Ouch. I didn’t think of that.
Basically, Paypal is factoring in a recent federal law from 2022 which requires them to report revenues generated of $600+. Since this payment was sent toward ‘Goods and Services’ they need his tax ID to send the 1099-K.
The law was delayed for 2022 and even for 2023. But the Paypal system is already set up to only allow business payments of $600+ for those with tax ID on file so that they can send the tax forms as needed.
I’m pretty sure that Paypal won’t actually send form 1099-K’s in excess of federal mandate, and my brother won’t actually get a tax form if he would give Paypal his tax ID number. I can say from personal experience that in 2022 they did not send out a 1009-K tax form for those with revenues less than $20,000.
We came up with an easy solution – my brother refunded me the payment from within the Paypal system. No harm no foul, right?
Wrong. Apparently, the Paypal system considers a refunded payment toward the $600 threshold. And so they refunded me the money, and debited his personal bank account for the $800! They’re keeping the $800 received payment locked up, and they debited his bank $800 to account for a refund on a payment that he never asked for. It’s crazy they can literally steal money from someone’s bank like this, but such is life when dealing with automated systems.
And that’s where we stand now. Either we have to add the Tax ID or contact Paypal to try getting resolution…
(Ironically, there’s a chance I’ll actually get the bonus points from Chase, depending how the return comes back…)
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Chuck
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PayPal has an offer that can save you 10% on Uber Eats orders. You need to save your order first and then use PayPal to pay for your order.
The post Save 10% on Uber Eats with PayPal appeared first on Danny the Deal Guru.
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DDG
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Update 12/22/23: Deal is back, now it’s 10%, found at this link. Valid through 12/31/23.
I believe this is a click-through tracking offer – when you click through from the above Paypal link while logged in it’ll track the cashback to your Paypal account. You should be able to use any payment method on UberEats.
Hat tip to philosophers_groove
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Chuck
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Vaidik Trivedi
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PayPal (NASDAQ: PYPL), the online payment processor, has found itself in a curious position lately. While peers in the tech sector soared like skyrockets on the wings of e-commerce growth, PayPal remained grounded, trailing the pack by a significant margin. Yet, whispers of a potential breakout are starting to circulate, fueled by a recent change in the economic climate and a chorus of bullish analyst pronouncements. So, is PayPal poised to shed its underperforming skin and become a market darling once again?
The recent shift by the Federal Reserve has altered the financial market landscape. Rising interest rates, once a major concern for technology stocks, have been replaced by the possibility of rate cuts. This change creates a potentially favorable environment for the tech sector. While the broader market, as represented by the S&P 500, may see steady growth, the tech sector, as represented by the Technology Select Sector SPDR Fund (XLK), has the potential to surge ahead.
However, within this potentially favorable tech tide, PayPal remains an anomaly. Despite its robust fundamentals and dominance in online transactions, its share price has stubbornly resisted the rising tide of the sector, trailing the XLK by a noteworthy 31.7% year-to-date. This divergence begs the question: why is PayPal struggling to keep pace with its nimble tech peers?
The answer lies partly in PayPal’s distinct exposure within the tech sector. While cloud computing and software-as-a-service companies thrived on the increased digital adoption during the pandemic, PayPal faced headwinds from inflationary pressures and economic uncertainty. Consumer spending, the lifeblood of many online businesses, contracted, impacting PayPal’s transaction volume and revenue growth.
However, the Fed’s pivot could catalyze PayPal, acting as a tide turning in favor. As interest rates potentially decrease, businesses may loosen their spending constraints, leading to a potential resurgence in online activity and a subsequent boost for PayPal’s transaction engine.
Although most investors think of PayPal for its well-known online payment processing, its true value lies beneath the surface. PayPal empowers businesses, especially small and medium-sized enterprises (SMBs), to navigate the ever-changing digital commerce landscape. PayPal’s focus on SMBs gives it a unique advantage in capitalizing on the potential tailwinds of a more relaxed Federal Reserve.
Through its diverse solutions, including digital wallets, branded checkout buttons, and data-driven marketing tools, PayPal helps SMBs reach new customers, streamline checkouts, and gain valuable insights into consumer behavior. These services become even more attractive in a climate where advertising budgets can potentially stretch further. As Morgan Stanley (NYSE: MS) analysts aptly noted, this potential for increased digital ad spending could propel PayPal’s share price towards their optimistic target of $118, representing a substantial climb from current levels.
Furthermore, PayPal’s ability to seamlessly integrate with existing online platforms and marketplaces gives it a distinct edge. SMBs don’t need to overhaul their entire infrastructure to tap into PayPal’s vast network of consumers. This ease of use and accessibility further strengthens PayPal’s value proposition in a potentially resource-constrained environment.
While PayPal remains a titan in the online payments sector, its valuation compared to peers raises intriguing questions. Is it a diamond in the rough, ripe for appreciation, or an overvalued giant facing headwinds?
Let’s consider the price-to-earnings (P/E) ratio, a key metric for gauging a stock’s relative value. Compared to the industry average of roughly 40.3x, PayPal currently sits at a 16.69x multiple. This translates to a 69.4% discount, suggesting that investors are attributing significantly lower future earnings potential to PayPal than its peers.
But is this pessimism warranted? A closer look at PayPal’s historical performance and growth projections paints a different picture. Despite economic challenges, PayPal has consistently delivered strong annual revenue growth throughout the past decade. Analysts anticipate this trend to continue, with estimates suggesting 10% annual revenue growth over the next ten years. Such projections would seem to contradict the prevailing market sentiment reflected in PayPal’s valuation.
Further adding to the intrigue is PayPal’s insider buying activity. With management investing over $1.4 billion in open market repurchases, a clear signal of confidence in the company’s future trajectory emerges. This insider vote can bolster investor sentiment and potentially trigger a revaluation of PayPal’s price tag.
However, it’s crucial to acknowledge the competitive landscape. Players like Block (NYSE: SQ) boast a higher P/E ratio closer to the industry average. While such comparisons can be tricky, they raise questions about whether PayPal’s lower valuation reflects inherent weaknesses or simply a different risk-reward profile.
PayPal’s potential resurgence in the shifting market is contingent on a favorable economic climate and its diverse services for small- to medium-sized businesses (SMBs). Despite a lower valuation than its peers, the company’s consistent growth and insider confidence suggest promise. However, comparisons to competitors raise concerns about its valuation and risk profile, advising prospective investors to proceed cautiously.
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Jeffrey Neal Johnson
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Buy $100 DoorDash or Instacart gift cards for $85. These look like new deals, so you should be able to purchase again, even if you did so recently. Limit of 2 for each brand.
The post PayPal: 15% Discount on DoorDash and Instacart Gift Cards appeared first on Danny the Deal Guru.
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DDG
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Paypal Digital Gifts is offering some nice discounted gift card deals:
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Chuck
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American Express has a targeted offer for select cardholders that can earn you up to $15 credit for using PayPal. The offer has been sent out by mail and email, but there’s also a link where you can check if you are targeted. Check out the full details below.
Earn up to $15 after you check out with PayPal using your American Express® Card. Through January 28, 2024, spend a minimum of $50 and check out using PayPal to get $5 back as a statement credit up to three times (total of $15). Terms apply.
Check the promotion link to see if you are targeted. You can enroll using your RSVP code received via mail or email, or log in using your Amex account credentials.
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DDG
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Pay with Chase Freedom for 5x this quarter.
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Chuck
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PayPal has a shopping offer for DoorDash, offering a 20% discount for your orders. This offer seems to be available for most PayPal users. You need to check your account and save it before making a purchase. Check out the details below.
Get 20% Cash Back when you pay for your DoorDash order with PayPal. Here’s how it works:
You can check your PayPal Shopping offers here. You can also check the PayPal app.
A nice discount for DoorDash orders that can be stacked with any promo codes that you might have in your account.
I don’t see a limitation for maximum cash back for this offer.
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DDG
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Apple has been accused of non-competitive practices regarding payment methods used on their devices several times in the past.
The most notable example of the Cupertino electronics manufacturer being taken to task for these practices would be the landmark case vs. Epic Games, who eventually won the right to inform users of their app of alternative payment methods that could bypass Apple’s 30% cut of the revenue generated via Apple Pay.
In September, the giant was forced to deal with a private anti-trust lawsuit in which they were accused of abusing their dominance on Apple devices to the detriment of competing wallets. A similar investigation has also been undertaken by EU regulators. So far, their findings have not been announced.
However, a new class-action lawsuit has now been filed in California against Apple, specifically accusing the company of heavily restricting cryptocurrencies as an alternative payment method. According to the plaintiffs, Apple users are routinely subject to inflationary price hikes imposed on payment services at Apple’s discretion, with no viable alternatives.
“The iPhone is the ideal platform for mobile peer-to-peer payments. Decentralized payments would allow iPhone users to send payments to each other without any intermediary at all—and with transaction costs far lower than what Venmo, Cash App, and Apple ultimately charge to move money to and from bank accounts and credit cards. Despite the obvious utility, there is no means to make decentralized payments on the iPhone. This is because of Apple’s control over every app installed[…] through its App Store.”
According to the new lawsuit, Apple has allegedly entered anti-competitive agreements with CashApp and Venmo, peer-to-peer payment platforms run by Block and PayPal, respectively.
“These agreements limit feature competition—and the price competition that would flow from it—marketwide, including by barring the incorporation of decentralized cryptocurrency technology within existing or new iOS Peer-to-Peer Payment apps.”
Interestingly enough, PayPal and Block were not sued by the plaintiffs. This may indicate that the plaintiffs believe the terms of said anti-competitive agreements were forced onto PayPal and Block.
Whether the two companies were strong-armed into the agreement or whether the terms were beneficial to both parties is up to the judge to decide.
The lawsuit also accuses Apple of banning crypto-related apps from its App Store, naming the Zeus Bitcoin wallets as an example. Dorsey-backed decentralized social networking app Damus was also threatened with removal from the App Store due to its tipping feature, although it was eventually allowed to stay on the platform.
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Cristian Lipciuc
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Whitney McDonald
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Bloomberg News
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