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Is PayPal a Payment Gateway or a Payment Processor?

Payment Gateway vs. Payment Processor: What's The Difference?

American Express makes easy to send money and exchange purchases with family and friends of our members.

As we prepare for a socially distant holiday season, American Express makes it easy to send money and exchange purchases with family and friends of our members.

Say hello to Amex Send and Split with PayPal and Venmo. Send & Split allows eligible consumer card members in the United States to send money to any other PayPal or Venmo customer directly within the American Express® application, giving you more flexibility in how you send money. Additionally, card members can also split their purchases with PayPal and Venmo customers and receive a refund directly to their card. It is easy to use and configure. Here’s what you can do as a member of the American Express card, after signing up, starting today:

SEND MONEY

Now, US Consumer Card members can send money to friends and family in the US via PayPal or Venmo at no charge. When you sign up for Send & Split, an Amex Send™ account is automatically set up. You can add funds to this account at any time with your American Express card and send money to any other PayPal or Venmo customer. This means you can send money now and return the money to us later.

SPLIT PURCHASES

With Amex Split™, after making a purchase on your card for a shared expense, such as a holiday gift for your mom that you share with your siblings, you can seamlessly share it with other PayPal and Venmo customers and it will be reimbursed directly to your card as a credit on the statement. In the Amex app, choose any pending or posted purchases that you want to split. We can divide the purchase amount evenly for you, or you can adjust the individual servings so that everyone is asked to pay only their share.

You can track these requests directly in the Amex app to see who reimbursed you (and who didn’t), giving you a consolidated view of your spending and allowance. Best of all, even if you split the purchase, you get all the rewards for the purchases you divide in the same way that you get rewards for other purchases. Amex Send & Split works seamlessly, whether it’s reimbursing the family for a group gift or sharing the expenses with a friend via PayPal or Venmo. This is just another way to make it easier for you to manage your shipments, expenses and divisions, all in the Amex app.

All customers in the United States will be able to purchase cryptocurrencies directly from their PayPal accounts.

PayPal announced today that it will be removing the waiting list to buy, hold and sell cryptocurrencies in the United States. With this decision, all customers in the United States will be able to purchase cryptocurrencies directly from their PayPal accounts. U.S. customers will also receive alerts about the new feature via email and a push notification in the coming days, the company says.

This feature was already partially available in the United States, but PayPal has attracted interested customers from a good list. With the update, users no longer have to wait for the location to open.

Additionally, PayPal claims to have increased the weekly cryptocurrency purchase limit from $ 10,000 to $ 20,000 per week at the request of the first customer.

The partner is helping to improve the new PayPal service, allowing customers to buy, sell and hold a variety of cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Lightcoin.

For the next year, PayPal plans to allow users to make PayPal purchases with cryptocurrencies as well, the company said.

In terms of exchange rate, PayPal will charge $ 0.50 on transactions up to $ 24.99, 2.3% on transactions from $ 25 to $ 100; 2% on transactions from $ 100.01 to $ 200 USD; $ 1.8 on transactions of $ 200.01 to US $ 1,000; and 1.5% in transactions over US $ 1,000.

PayPal notes that there is no charge for holding crypto in your account. And for starters, PayPal will waive the fees until 2021.

The company released the news quietly today via an update to last month’s press release. It states that users can download the PayPal app or log into their PayPal account for more information.

“Paytm Subscriptions”, the subscription service for businesses.

Local payment gateway Paytm has expanded its services and made it easier for companies to collect payments through various methods. Called “Paytm Subscriptions”, the subscription service for businesses will allow them to collect payments from their users through flexible payment methods such as Paytm Wallet, UPI or cards, the company said in a statement Tuesday. Subscribers and customers can choose and pay for themselves through their preferred payment option. Additionally, customers can make periodic payments for subscription-based services. While Paytm previously launched the subscription-based recurring payments feature, it has been limited to card and bank account transactions to this day and has now been extended to UPI as well.

The payment gateway will also be equipped with features such as pre-debit notifications, smart attempts, smart routing between multiple bank gateways, card expiration notifications, and smart error code management to ease the process of payment. The company now expects to attract more than 1,000 businesses over the next six months, as it has already integrated several leading online platforms such as Zee5, Disney +, Epic On, JioSaavan and Gaana among others.

Meanwhile, Paytm’s e-commerce subsidiary, Paytm Mall, recently suffered a massive data breach after a group of hackers attacked it. The group of attackers called John Wick demands a ransom in exchange for the data. The group was able to get unrestricted access to all its databases (Paytm Mall), a US cyber risk intelligence platform Cyble said in a report posted on its blog on Sunday.