This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n
The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal's diverse payment methods, including wallet transfers, bank transfers, and debit card transactions.<\/p>\n\n\n\n MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal's diverse payment methods, including wallet transfers, bank transfers, and debit card transactions.<\/p>\n\n\n\n MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal's diverse payment methods, including wallet transfers, bank transfers, and debit card transactions.<\/p>\n\n\n\n MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal's diverse payment methods, including wallet transfers, bank transfers, and debit card transactions.<\/p>\n\n\n\n MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\n Ten retail plaintiffs, ranging from delis to clothiers, have taken a stand against the financial giant<\/a>, alleging overcharging on credit and debit card fees for consumer transactions. The lawsuit aims to challenge American Express' policies, which the plaintiffs argue violate U.S. antitrust law by inhibiting competition.<\/p>\n\n\n\n At the center of the matter, American Express is accused of utilizing \"non-discrimination provisions\" to prevent merchants from incentivizing customers to use payment cards with lower transaction fees. By imposing such restrictions, the plaintiffs claim that American Express stifles competition, leading to higher costs for merchants and consumers.<\/p>\n\n\n\n According to the plaintiffs, American Express' rules prevent merchants from encouraging customers to use cards with lower fees. The lawsuit argues that this hurts competition and leads to higher expenses.<\/p>\n\n\n\n See Related:<\/em><\/strong> American Express Annual Transactions Surpassed By Bitcoin<\/a><\/p>\n\n\n\n This legal action against American Express mirrors similar swipe-fee allegations brought against industry giants Visa and Mastercard. While Visa and Mastercard had abandoned rules restricting merchant steering by the end of 2013, American Express continues to enforce such provisions, according to the lawsuit.<\/p>\n\n\n\n The plaintiffs face hurdles in their quest for justice, particularly due to an arbitration clause between American Express and merchants. Despite initial attempts at arbitration, American Express refused to pay arbitration invoices, leading to the cases being administratively closed. This prompted the merchants to seek recourse in the federal court system.<\/p>\n","post_title":"American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"american-express-faces-class-action-lawsuit-for-allegedly-overcharging-merchants","to_ping":"","pinged":"","post_modified":"2024-03-26 02:45:18","post_modified_gmt":"2024-03-25 15:45:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15994","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
As FIT21 advances towards a House vote, stakeholders across the cryptocurrency ecosystem await the outcome. While its passage in the House would signal a major victory for proponents of crypto regulation, the journey is far from over. The bill's fate in the Senate remains uncertain, highlighting the ongoing challenges of navigating the complex legislative process.<\/p>\n","post_title":"US Crypto Market At Crossroads As House Prepares To Vote On Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-crypto-market-at-crossroads-as-house-prepares-to-vote-on-bill","to_ping":"","pinged":"","post_modified":"2024-05-13 00:33:58","post_modified_gmt":"2024-05-12 14:33:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16851","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16765,"post_author":"1","post_date":"2024-05-06 23:09:01","post_date_gmt":"2024-05-06 13:09:01","post_content":"\n MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal's diverse payment methods, including wallet transfers, bank transfers, and debit card transactions.<\/p>\n\n\n\n MoonPay's co-founder and CEO, Ivan Soto-Wright, highlighted<\/a> the nature of the partnership, emphasizing how it expands the reach of both platforms. With MoonPay's user base and PayPal's market presence, the deal promises flexibility and convenience in crypto transactions. Additionally, this integration extends PayPal's existing range of crypto tokens, offering users a wider selection for investment and trading.<\/p>\n\n\n\n \u201cNow more than ever, consumers are exploring different avenues of financial systems\u2013whether that be crypto, retail investing, or digital banking\u2013and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access,\u201d <\/em>Soto-Wright said. \u201cBy integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment and significantly lower the barrier to entry for new users.\u201d\u00a0<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform<\/a><\/p>\n\n\n\n Soto-Wright described the collaboration as \"symbiotic,\" highlighting the mutual benefits for both companies and their users. With MoonPay's focus on cryptocurrency and PayPal's extensive user base of over 426 million active accounts globally, the partnership aims to open new opportunities for crypto enthusiasts.<\/p>\n\n\n\n By integrating PayPal, MoonPay aims to enhance accessibility and flexibility for its users, providing them with a convenient payment option for purchasing cryptocurrencies. Soto-Wright noted that this partnership streamlines the buying process, particularly for individuals who may have faced challenges with traditional banking systems. With billions of dollars processed in cryptocurrency transactions, MoonPay anticipates a significant expansion of its customer base through this collaboration.<\/p>\n\n\n\n Soto-Wright acknowledged the complexity of integrating PayPal's services into MoonPay's platform, emphasizing the diligence required to ensure a smooth user experience. Despite the challenges, the partnership represents a major milestone in MoonPay's mission to democratize access to cryptocurrencies and streamline the buying process for users worldwide. <\/p>\n","post_title":"PayPal Partners With MoonPay To Take Crypto Mainstream In The US","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-partners-with-moonpay-to-take-crypto-mainstream-in-the-us","to_ping":"","pinged":"","post_modified":"2024-05-06 23:09:08","post_modified_gmt":"2024-05-06 13:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16765","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15994,"post_author":"1","post_date":"2024-03-26 02:45:12","post_date_gmt":"2024-03-25 15:45:12","post_content":"\n Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express' policies limit competition and drive up costs for businesses and customers, Reuters<\/em> reported.<\/p>\n\n\n\nAllegations Against American Express<\/h2>\n\n\n\n
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Improving Accessibility and Flexibility<\/h2>\n\n\n\n
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Improving Accessibility and Flexibility<\/h2>\n\n\n\n
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