PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare::PayPal Holdings Inc. will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.
Who are their rivals? Looking for an alternative and the site is walled.
Websites now take Google pay.
Restaurants and startups are using toast and squarespace.
People are using cash app and venmo.
There are a lot more alternatives to PayPal than 10 years ago.
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Wise is great for virtual accounts, prepaid debit card (physical and virtual) and international transfers. Virtual cards can be created for each service/payment and deleted when you need, also used with Apple Pay, etc. You can create “accounts” in any currency with bank account info to receive bank transfers or set up direct debits. I use it for over a decade personally, then their business account for 3 years to accept payments in foreign currency and I’m happy with it.
Maybe Shop Pay? I didn’t read the article, just guessing.
Affirm is a big one. Bloomberg spent the past few weeks talking with the Affirm CEO.