How PayPal's rewards upgrade competes with banks [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
The payment company late this week announced PayPal Everywhere, a rewards marketing program that dangles up to 15% cash back, along with an easier connection to mobile payments. PayPal's move comes as it tries to compete with card issuers that have expanded cash-back reward programs to reach inflation-wary consumers . PayPal also faces competition from other payment-focused technology companies such as Block that, like PayPal, are expanding financial services for both merchants and consumers. "Merchants want to get in front of more customers, and consumers want more ways to save on everyday purchases," said John Anderson, senior vice president and general manager of PayPal's consumer group. "We're designing our omnichannel experiences to benefit both." PayPal Everywhere gives consumers the ability to choose a monthly category, such as groceries or clothing, and get 5% cash back with a limit of $1,000 a month for payments using PayPal's Mastercard debit. Consumers can also stack r
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News
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- PayPal Holdings Looks Like A Buy (Technical Analysis) [Seeking Alpha]Seeking Alpha
PYPL
Earnings
- 7/30/24 - Beat
PYPL
Sec Filings
- 9/3/24 - Form 4
- 7/30/24 - Form S-8
- 7/30/24 - Form 10-Q
- PYPL's page on the SEC website