PayPal could be on its way to Amazon; CEO says the two are “in conversations”

amazon paypal news office
Ken Wolter
PayPal is a pioneer of web payments and has made itself known all over the web. There is, however, one major website that has evaded its rise — Amazon. According to recent reports, that could soon change. PayPal confirmed in a report from Bloomberg that it has recently been in talks with Amazon to bring its payment services to the online shopping site.

“We have been in conversations with Amazon,” CEO Dan Schulman said in the interview with Bloomberg. “We’re closing in on 200 million users on our platform right now. At that scale, it’s hard for any retailer to think about not accepting PayPal.”

A deal with Amazon would be huge for PayPal. Its shares have been in a slow decline of late and Amazon is estimated to account for  74.1 percent of all online sales.

There is likely a reason it has taken this long for Amazon to adopt PayPal as a payment platform. The company was once owned by Amazon rival Ebay but separated from the company around 18 months ago to focus on expanding its business to other websites and services. Since that split, Schulman has been trying to create as many agreements as possible in an attempt to expand the number of people using PayPal.

Amazon, however, has its own ambitions in the online payments business, according to Bloomberg. In fact, the company recently hired former PayPal employee Patrick Gauthier to head Amazon’s online payments efforts. Not only that, but Amazon began allowing users to pay for things on other websites using their Amazon account.

Many would likely celebrate if the online payment platform finally came to Amazon. Hopefully, the talks between the two companies will end in an agreement.

Mobile

Google might release a smartwatch and multiple Pixel phones in 2019

Google seems to have a lot planned for 2019. According to a report, Google is planning on releasing multiple new Pixel phones, a smartwatch, a new Google Home, and a Nest Security camera this year.
Wearables

The Google Pixel Watch could finally launch sometime this year

From its Pixel smartphones to Google Home, the Google brand is quickly becoming synonymous with high-quality consumer hardware. Eventually, according to rumors, Google may branch out a little further by creating its first smartwatch.
Emerging Tech

Own a drone? New rule means you have to change the way IDs are displayed

Registered drone owners will need to put their machine's ID number on the outside of the aircraft from February 23 in accordance with a new FAA rule. It means the ID can no longer be placed inside the drone's battery compartment.
Gaming

The ‘Apex Legends’ Battle Pass and seasonal rewards arrive in March

Apex Legends players can expect seasonal rewards and a Battle Pass to arrive in March according to an FAQ on the EA website. Similar to Fortnite, unlockable seasonal content includes exclusive skins, loot boxes, and more.
Business

‘Lego Movie 2’ wins the box office amid slow start for 2019

The slow start to 2019 continued, but animated sequel The Lego Movie 2: The Second Part still won its opening weekend, holding off challenges from several other new releases to become the highest-grossing film of the three-day span.
Outdoors

Uber’s bikesharing service is eating into its regular business

A bikesharing service acquired by Uber nearly a year ago is causing riders to take fewer car journeys with the company. It is, however, part of the plan as Uber looks to offer an integrated mobility platform for cities.
Computing

YouTube beats Apple, Netflix as the most trusted brand by millennials

The popular video sharing website YouTube climbed up in an annual Mblm study, moving up from third place in 2018 and coming ahead of both Apple and Netflix in final 2019 rankings. 
Mobile

OnePlus breaks into the top five among U.S. smartphone companies

We've been impressed with the value offered by OnePlus phones for years, but in 2018 the Chinese manufacturer really stepped things up. After impressive sales, OnePlus broke into the top five U.S. smartphone companies in the high-end…
Smart Home

Review board says Dyson should cease unsubstantiated vacuum claims

The National Advertising Review Board recommended Dyson make three changes to claims about suction power, running time, and battery technology for its V8 cordless vacuums. Dyson agreed to the recommendations.
Mobile

AT&T adds Minneapolis and Chicago to its mobile 5G road map for 2019

Ready to experience a radical transformation in mobile communication? AT&T is launching mobile 5G in cities across the country over the next few months. Here's everything you need to know about the AT&T 5G rollout.
Mobile

Allstate’s SquareTrade buys phone repair service iCracked

Allstate may be looking to diversify its service a little. The company announced that SquareTrade, a company Allstate owns, is buying iCracked, a popular phone repair service that currently operates in more than 60 cities.
Mobile

T-Mobile says Sprint merger will boost 5G speeds by up to 6 times

2019 will be a huge year for T-Mobile. Not only is a merger with Sprint likely, but T-Mobile is also in the midst of building out its next-generation mobile service. Here's everything you need to know about the T-Mobile 5G rollout.
Mobile

Sprint’s 5G rollout: Everything you need to know about it

Sprint is building its next-gen 5G network in preparation for a 2019 rollout, but it's taking a decidedly different approach than some of its competitors, including Verizon and AT&T. Here's everything you need to know.
Mobile

Verizon wants you to lobby the government for 5G deployment

Verizon is in the midst of a massive 5G rollout. In addition to fixed 5G service, it will also begin deploying mobile 5G in the coming months. Here's everything you need to know about Verizon's 5G network and when it will be in your town.