PayPal adds 21 million new active accounts in strong second quarter
PayPal said it saw the largest quarterly increase in active accounts in the company's history during Q2.
PayPal said it saw the largest quarterly increase in active accounts in the company's history during Q2.
Stripe said it has added a customer portal to Stripe Billing that lets platforms with recurring revenue streams give their customers more control over subscription management.
The third quarter is traditionally tax season and Intuit generally performs well above its average on sales of consumer tax software.
The company cited the pandemic's impact on small business customers and the extension of the IRS tax filing deadline to mid July.
Both payments providers have faced economic challenges during the COVID-19 pandemic shutdown.
Square said merchant GPV has dropped 25% year-over-year, with declines accelerating in recent days.
The company reported its fourth quarter financial results on Wednesday.
Going forward, Intuit said the companies plan to offer "a consumer finance platform that works like a personalized financial assistant."
The company also announced that Venmo's active user based sits at 52 million. But executives cited trepidation in the economy.
Plaid is the technology layer that connects bank accounts to financial apps.