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PayPal to Offer Free Payment Processing for ‘Qualifying’ Merchants

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In a bid to one-up Square, PayPal is offering free payment processing through the rest of the year for some U.S. businesses that use its PayPal Here mobile payment system.

Starting next month, PayPal will offer free credit, debit card and check processing to "qualifying" merchants. The company's announcement didn't outline how such businesses can qualify for the program. Reps from PayPal could not be reached for comment.

When PayPal Here launched in March 2012, PayPal took a 2.7% fee, though each merchant that signed up got a PayPal debit card, which earned the merchant back 1% instantly, taking the cut down to 1.7%. Square charges a 2.75% fee for every transaction, though the company also offers a program in which a participating companies can pay a $275 monthly fee in lieu of the per-transaction charges Read more...

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Elon Musk Is an Entrepreneurial Role Model, But Is He a Genuis or a Madman?

elon musk, tesla, spacex, paypal, sxsw, startups, silicon valleyTackling dry subject matter, Elon Musk captivated a massive audience at SxSW by pairing his larger-than-life undertakings with a seemingly understated demeanor that gave nerdy entrepreneurs an ideal role model. But it became clear watching Musk speak that he operates on another wavelength altogether. Is he a genius or a madman?

Musk, the CEO and the chief technical officer at SpaceX, CEO and chief product designer at Tesla, the chairman of Solar City and the father of five children, repeatedly left his on-stage interviewer, former Wired editor Chris Anderson, with nothing to interject but an flummoxed giggle.

Texas is the leading candidate for a future commercial SpaceX launch pad, Musk crowd-pleasingly announced. But locating in the state will require policy changes including granting SpaceX immunity from some lawsuits and exclusive access to beaches that the state requires to be open to the public.

“Nothing major,” Musk said without any irony. He said he expected a decision on the company’s first launch site not on military land this year, with construction to start next year and the first launches within three years.

Musk became a polarizing figure recently when he responded to a less-than-glowing New York Times review of the Tesla S with repeated, aggressive accusations that the reporter had lied. Asked what he might do differently seeing how it all played out, Musk thought quietly for a moment before deciding that he should have published “a rebuttal to the rebuttal.”

Interviewer Anderson tried again, prompting Musk that he’d said elsewhere that he thought it was important to listen to critical feedback.

“I don’t have a problem with critical reviews. I have a problem with false reviews,” Musk reasserted, leaving Anderson nothing to do but chuckle and move on.

Describing space travel as an obvious area of business once one accepts that humans will be a “multiplanet species,” he spoke of the early days launching a company that competes with NASA.

Musk described going to Russia to try to purchase “a couple of the biggest ICBMs.”

“It was definitely an interesting experience. I sort of got the feeling I could have bought the nuke, too, but I didn’t want to go there,” he said. Uncertain if he was kidding, interviewer and audience laughed.

Musk was asked about his offer to help Boeing resolve the trouble with its batteries that had grounded its 787 Dreamliners. Helping Boeing? Musk described it as just trying to be useful, before diving deep into the specifics of the technical solution he’d proposed. Eyes glazed.

“It’s not super complicated,” Musk concluded to more nervous laughter.

But Musk isn’t just bravado. He treated the audience to a short film, completed just a half an hour before, of a SpaceX rocket blasting off, doing a U-turn and returning to earth, using propulsion to slow its descent into a controlled landing.

It was dramatic technological innovation seen within days of its first successful test, the lifeblood for the entrepreneurs who make up SxSW’s core audience.

Of course, there’s another, more prosaic, driver of the cult of technology: money. Musk reportedly has a net worth of $2.7 billion, according to Forbes. But for tech entrepreneurs, it’s even more exciting to lose money and recoop it than it is simply to have it.

Musk put all of the money he’d made as a co-founder of PayPal into his current ventures, he said. And he thought the most likely outcome was that he would fail.

Adrenaline, like the kind you get from gambling, driving fast and watching rockets launch, is the best companion for cash.

“I’d like to take it down just a scootch, honestly,” said Musk of his seemingly impossible accomplishments.

“The last few years have been really great, but there were a couple of years that sucked horribly. I’d like it to be a little bit less intense. I mean, these last few years have been filled with accomplishments but I haven’t had much fun,” he said.

It’s lonely at the top.

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Social Media Newsfeed: Cyber Monday | Facebook Privacy

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Cyber Monday Deals: How to Find the Best Online Sales and Save Some Major Green (The Huffington Post/Reuters)
In a one-day blitz of shopping, consumers are expected to empty their wallets of more than $1 billion on Cyber Monday, the online shopping spree today, according to spending projections from research firm comScore. Cyber Monday 2012 may offer the best deals on technology products this year, said Brian Hoyt, senior writer for RetailMeNot.com, a coupon code site. USA Today/AP Amazon.com, which started its Cyber Monday deals at midnight, is offering as much as 60 percent off a Panasonic VIERA 55-inch TV that’s usually priced higher than $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is offering 75 percent off all of its diamond earrings and $60 off a 12-in-1 multi-game table on sale for $89.99. AllThingsD According to IBM, in a report titled “The iPad Factor:” “The [Apple] iPad generated more [Black Friday] traffic than any other tablet or smartphone, reaching nearly 10 percent of online shopping. This was followed by iPhone at 8.7 percent and [Google] Android 5.5 percent. The iPad dominated tablet traffic at 88.3 percent followed by the Barnes & Noble Nook at 3.1 percent, Amazon Kindle at 2.4 percent and the Samsung Galaxy at 1.8 percent.” And, over at eBay and its PayPal unit — which spewed out all kinds of data on mobile transactions that showed volume was between two and three times greater, mostly on Apple devices — the company noted that one of its best-selling items on Black Friday was the iPad 2, selling 250 per hour from 12 to 8 a.m. PT. SocialTimes According to an infographic from Cyber Monday at HSN, “This year, Americans will spend more than $586 billion during the holiday season. Of that, a staggering $96 billion will be spent online as shoppers search for the best deal.” The infographic takes a look at the relatively new Cyber Monday trend and why buying online is so much more appealing than missing out on sleep, waiting in lines and wading through crowds to get the best Black Friday deals. CNET Black Friday was a bright day for Internet retailers, as online sales for the key shopping day surpassed $1 billion for the first time. As adoption of tablets and smartphones continues to grow, sales of digital content and subscriptions achieved the greatest sales growth, logging a 29 percent increase over last year.

Facebook Proposes Ending User Voting System on Site Governance (PC Magazine)
Facebook wants to do away with the voting system that allows users to vote on proposed policy changes on the social networking site. The company plans to continue posing “significant changes” to the policy and retain the seven-day comment period, after which users would be able to submit questions at a Q&A session with the chief privacy officer. Mashable Facebook urged its employees in August to switch from iOS devices to Android so that flaws in the company’s mobile app could be addressed more rapidly. Now, photos have emerged of posters hung around the Menlo Park, Calif., headquarters of Facebook, which further urge employees to make the switch that they’re calling ‘Droidfooding — as in testing your own product. AllFacebook Follow these simple steps, and you’ll be able to run your Facebook ads on auto-pilot. We’re not going into the finer points of multiplying ads in power editor, conversion spec, custom audiences, or any of that — just the basics you need for a solid campaign.

Gaza Violence Leads Lawmakers to Call for Shuttering Terror Groups on Twitter (The Hill)
Recent violence in Gaza has rekindled calls by seven House Republicans for Twitter to shutter the accounts of U.S.-labeled terror groups such as Hamas. An FBI spokesperson told The Hill last week that the agency “will respond to members of Congress directly. Our response is being considered internally.”

Blackhawks’ Dave Bolland Regrets Retweet (ESPN)
Chicago Blackhawks center Dave Bolland has expressed regret for retweeting a post that called for commissioner Gary Bettman’s death, saying it was a mistake. As the lockout continues to drag on, Bolland on Friday reposted a Twitter entry that read: “can I get a RT for wanting Bettman dead?”

Sorry, Bieber: ‘Gangnam Style’ is YouTube’s Biggest Video Ever (The Daily Dot)
There’s a new king in YouTube-ville. K-pop sensation PSY’s smash-hit “Gangnam Style” is now officially the most viewed video of all time.

OMG, They’re Reading My Email: How the Media Inflames Privacy Panic (GigaOM)
An alarming story about a Senate plan to let federal agencies read your email turns out to have been a false alarm. Unfortunately, fears over online privacy mean such stories travel quickly — and that we’re likely to see the media crying wolf in the future.

Prankster Replicates Facebook Users’ Profile Photos, Then Friends Targets (Mashable)
Reddit user CasinoRoy‘s talent is creeping out strangers on Facebook, and perfectly replicating their profile photos. The prankster searches for Facebook users with his name, and then re-creates their profile photos by imitating their wardrobe and facial expression.

How to Get Your Complaint Heard on Twitter (AllTwitter)
Twitter is becoming the new call center, with customers tweeting to companies to voice their complaints, comments and questions. But in order to get an answer, you’ve got to know how to make your 140-character concerns stand out from the crowd and grab their attention.

Turkey Day Pictures Help Instagram Set a New Upload Record (VentureBeat)
Instagram Users uploaded more than 10 million photos mentioning Thanksgiving via photo captions in some form or fashion last Thursday. Instagram also reports that during several peak times, users were sharing upwards of 200 turkey day photos per second — at the highest point (12:40 p.m. PT), users hit 226 photos per second.

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eBay Announces StubHub Ticketing, PayPal Billing for AEG Arenas

AEG, sporting events, ticketingeBay Inc. and AEG announced that they have signed a deal to deliver sales of sports and music tickets and branded items using StubHub ticketing, PayPal payment and, in some cases, eBay Marketplace sales.

AEG owns more than 100 arenas around the world, including L.A.’s Staples Center, the Best Buy Theater in Times Square and The O2 Arena in London. The corporation includes AXS ticketing and the music merchandise company BandMerch.

Beginning in early 2013, StubHub will become the exclusive secondary ticketing solution for AEG venues and AXS Ticketing. PayPal will also become one of AXS Ticketing’s new methods of payment. And BandMerch will begin to extend its artist rosters to the eBay Marketplace.

The announcement also promises “further integrations … between eBay Inc.’s portfolio of businesses and AEG’s collection of assets.”

Image: JoeJohnson2 via Wikimedia Commons

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Social Media Newsfeed: Pinterest-y eBay | Reddit Tour | Facebook Searches

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New eBay LogoeBay President Reveals How the Site Will Get Social [VIDEO] (Mashable)
eBay unveiled a Pinterest-inspired redesign, which gives every user a personalized “feed” of products up for sale, on Wednesday at an event in New York City’s Meatpacking district. Devin Wenig, president of eBay Marketplaces, said it’s one part of the site’s new features to make shopping more personal and social. eBay also rolled out a new logo and deals. USA Today The Feed lists brands that users follow and makes suggestions based on their browsing history and past purchases. It rolls out to U.S. customers over the next 100 days, with international launches beginning in early 2013. CNET In addition, eBay launched a new app, eBay Now, for same-day delivery service. It’s currently available only in San Francisco, Calif., but more cities will follow, a spokesman said. Shoppers can order items from a variety of retailers — Finish Line, GNC, Home Depot, Macy’s, Office Depot, RadioShack, Target, Toys R Us and Walgreens — and get them delivered to their door, usually within an hour. The Next Web As for the site redesign, it’s live, but certain aspects, including the new product pages, should become available soon. Noteworthy site improvements include the new one-page checkout process, much deeper PayPal integration and a generally clearer visual hierarchy. Fast Company eBay has come a long way from its origins as a destination for collectors of the kitschy, nichey and hard-to-find. Today, its competitors include everyone from Amazon to Etsy to Fab, and it drives more than $70 billion in sales annually. continued…

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Facebook Embraces Antivirus, Faces Protesters | WordPress Is a Powerhouse

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Announcing the Facebook Antivirus Marketplace (Facebook Newsroom)
We’re announcing the Antivirus Marketplace, developed with industry partners to enhance protection for people on Facebook. AllFacebook The Antivirus Marketplace features free downloads and six-month licenses from Microsoft, McAfee, TrendMicro, Sophos and Symantec. GeekWire The social network says its URL blacklist — which aims to stop its users from accessing malicious sites from Facebook — will also now incorporate the databases of those companies. The Next Web To access the new protection tools, all you have to do is visit the Facebook Security Page and select from the options listed on the page. continued…

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Zuckerberg in Japan | LivingSocial Takes on Takeout | Draw Something Scam

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Star-struck Japan PM Befriends Facebook’s Zuckerberg (Reuters)
Japanese Prime Minister Yoshihiko Noda frequently entertains dignitaries from all over the world, but he was a touch star-struck on Thursday when he hosted a young billionaire with a whiff of celebrity: Facebook chief executive Mark Zuckerberg. As cabinet ministers filed through Noda’s residence for a late afternoon meeting, it was Zuckerberg who drew a fusillade of camera flashes from a hefty media contingent as he strode through the entrance like a movie star. ZDNet It is still not clear exactly what Zuckerberg’s visit to Japan will entail, but it is already appearing more business orientated than his holiday in China. AllFacebook The International Herald Tribune’s Rendezvous blog reported that Zuckerberg and girlfriend Priscilla Chan were spotted in Shanghai Tuesday, immediately fueling speculation that Facebook was making another attempt to gain a foothold in a market where access to the social network is severely restricted. continued…

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PayPal Mobile 3.0 for Android: Repay a Friend by Tapping NFC-enabled Phones

How would you like to repay a friend using PayPal by just tapping phones? That’s what is possible using the the updated PayPal Mobile for Android app and if (this is a big “if”) you both use one of the few NFC (Near Field Communications) Android phones such as the Nexus S. Sending money by tapping phones is done using the new Request Money with NFC.
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