PayPal to Allegedly Buy Braintree - Information portal

PayPal to Allegedly Buy Braintree

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23.09.2013 Количество просмотров 389 views
PayPalPayPal has allegedly revealed plans to purchase US-based online payment processing services developer Braintree, online media outlet TechCrunch unveils.

According to the source, the deal would give PayPal access to data and lucrative transaction fees from Braintree’s expanding network, which currently processes more than USD 10 billion annually for companies such as OpenTable, Uber Technologies and Airbnb.

The terms of the deal have not been disclosed.

Founded in 2007, Braintree enables online and mobile businesses to accept card payments. The company processes more than USD 10 billion in payments annually for over 4000 merchants, including Github, Shopify and Angry Birds creator Rovio.
Source:  The Paypers


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