Entries with tag internet transactions.

PayPal Overhauling Payment Process

EBay announced it is simplifying the checkout process its PayPal payments service uses. Rather than directing online shoppers to a separate PayPal site, they can now complete the process on a merchant’s website with the click of an icon that opens a small checkout window. The in-context checkout technique, says EBay, will make shoppers more likely to complete transactions and spur greater PayPal use. The company is now testing the new process with select merchants. The feature will initially be made available to large businesses in the first half of 2014. (Associated Press)(Tech Crunch)(PayPal)

US Senate Passes Internet Tax Bill

By a vote of 69 to 27, the US Senate passed a bill that would enable sales taxes to be collected from Internet transactions, regardless of where in the United States the seller is based. The Marketplace Fairness Act, which received support from most Democrats and some Republicans, was opposed by hard-line conservatives, states without sales taxes, and antitax activists. The House of Representatives and President Barack Obama will have to approve the measure before it becomes law. Businesses with less than $1 million in online sales would be exempt. Currently, a state can require retailers to collect sales taxes only if it has a store or other physical presence in the state. This exempts Internet-only firms such as eBay and Amazon, which collect taxes only in states where they have offices or distribution centers. (SlashDot)(The Washington Post)(The Wall Street Journal) 

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