> Browse Our CoverageĬurrent subscribers can access the entire Insider Intelligence content archive here. Join other Insider Intelligence clients who receive Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.Want to read more stories like this one? Here's how you can gain access: That would underscore bigger picture long-term success-merchants are responsible for most of PayPal's revenues. It recently updated its fee structures, partnered with Aon to improve insurance access, and integrated return logistics firm Happy Returns directly into its offering.ĭoing so can help PayPal more effectively serve its 35 million merchant accounts and further expand its base, which grew 12.9% annually in Q1 2022. The bigger picture: PayPal has been doubling down on merchant services. And it can generate a new stream of revenue for the provider. Business Lending Entrepreneurs Willingness to Share Data Offers a Path to Narrowing Credit Gaps By Tammy Halevy, Ron Busby, Sr., Rhett Buttle, Ramiro Cavazos, Chiling Tong and Paul Disselkoen Amidst an extraordinary surge in entrepreneurial activity, small business owners of color face a precarious reality. It can also limit attrition: Rather than cobbling together insights and services from various third parties, merchant clients can access more from PayPal, making it more useful. Its first business card can help PayPal differentiate itself from competitors like Block and more effectively compete with larger banks that use credit to complement their small-business suites-especially as providers like Amex hone in on the space. ![]() What it means: The new card can help PayPal shore up its seller relationships and generate revenues. Interoperability. Nearly 7 in 10 SMBs rank interoperability as "very" or "extremely important." Being integrated into PayPal's platform can improve the card's utility by letting merchants maximize the services, data, and insights they can access. PayPal's new card can help meet this sector's needs and ensure businesses have the financing they need to grow. From full till setups to card readers and payment terminals, weve got the hardware to keep your. And most small businesses have more than one, per Mercator. Get started with an in-store POS that fits your business. The benefits: The new card meets several needs for PayPal's small-business clients.įinancial services. Card popularity among SMBs is swelling alongside a cash flow crunch: 29% of US employer firms sought a credit card in 2021, per the Fed.
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