PayPal completed $4B acquisition of Honey in 2020

PayPal Holdings Inc. has completed the acquisition of Honey Science Corp. for about $4 billion in cash. Honey is an interesting company based in Los Angeles. It is a digital shopping and rewards platform. It is helpful when it automatically adds online coupons and incentives when ecommerce shoppers browse for deals. Honey will "automatically try to find the best coupon codes for you."

Honey is now one of the many PayPal subsidiaries. The company helps provide powerful useful services and tools for merchants and consumers. The shopping experience is now significantly improved.

Honey was founded in 2012. The company website is joinhoney.com. The company operates an interesting browser extension that aggregates and automatically applies online coupons. Honey's revenue comes from a commission made on user transactions with partnering retailers. Users are notified of price drops and price history on selected items sold by participating online stores. Its browser extension is available on Google Chrome, Safari, Firefox, Opera, and Microsoft Edge.

PayPal Holdings Inc. is a massive American company operating a worldwide online payments system that supports quick online money transfers. The useful company serves as an electronic alternative to traditional paper methods like checks and money orders.

Established in 1998 as Confinity, PayPal had its IPO in 2002. It became a wholly owned subsidiary of eBay later that year. eBay spun off PayPal in 2015.

The CEO of Paypal is Daniel Schulman (From Jul. 2015).

Paypal Holdings Inc stock is (NASDAQ: PYPL).

Here are the Paypal Subsidiaries:

Venmo
Xoom Corporation
Braintree
iZettle
Honey
Tradera
Bill ME Later, Inc.
Simility, Inc.
Paypal Singapore Private Ltd
Honey Science Corporation
Hyperwallet Systems Inc.
Paydiant
Jetlore, Inc.
Paypal China
PayPal International Ltd
Swift Financial, LLC
Paypal Argentina SRL
PayPal Israel Ltd
TIO Networks Corp.
PayPal Hong Kong Ltd
PayPal Europe Services Ltd
PayPal France SAS
Zong mobile payments
PayPal Data Services Inc
PayPal India Private Ltd
PayPal Deutschland GmbH
PayPal Payments Pte. Ltd
PayPal Spain SL
Paypal Giving Fund Uk
PayPal Global Holdings Inc
Nihon PayPal KK
PAYPAL ASSET MANAGEMENT INC
PayPal Payments Pte. Holdings S.C.S.
PayPal Bilisim Hizmetleri Limited Sirketi
PayPal Settlement Services (ChongQing) Co., Ltd.
PayPal CA Ltd
CyActive Security, Ltd
Paypal Payment Holdings Pte. Ltd.
PayPal Services Canada Ltd
PayPal Japan K.K.
LLC NBCI "PayPal RU"
PayPal 2 Sarl
PayPal Polska Sp z o.o.
PayPal (BVI) Holdings Inc
PayPal Australia Pty Ltd
PayPal Taiwan Services Limited
PayPal Nederlands B.V.
Yinbaobao Information Technology (Shanghai) Co., Ltd.
Paypal Canada Co.
PayPal Mexico, S. De R.L. De C.V.
PayPal (Europe) S.a r.l. and Cie, S.C.A.

How is Stripe different from PayPal?

Stripe has 1 option only: the checkout process resides on your website. However, Stripe securely handles the transaction from its end. You do have the choice though of fully customizing the look of it to match your brand. One of the main reasons to choose PayPal over Stripe is name-brand recognition.

The good news is that for most online transactions, PayPal and Stripe charge exactly the same amount. However, Stripe also accepts ACH transactions, which PayPal doesn't, and offers them for just 0.8% per transfer. Stripe's in-person payments solution is still in beta, so it isn't actually widely available.

What are ACH transactions?

ACH transactions consist of direct deposits and direct payments, including B2B transactions, government transactions, and consumer transactions. An originator starts a direct deposit or direct payment transaction using the useful ACH Network.

Stripe is an interesting software company. Stripe is a great American technology company based in San Francisco, California. Its software allows individuals and businesses to make and receive payments over the Internet. It was founded in 2009. The CEO is Patrick Collison (From 2010). Number of employees is more than 2000.

Here are the Stripe Subsidiaries:

Indie Hackers

TouchTech Corporation

Tiempo Labs, Inc.

Kickoff

Runkit

Index Systems, Inc.