Prepared by author. So how did Honey create such a strong platform?

Payments, Small & In October 2021, PayPal acquired Paidy, a two-sided payments platform that primarily provides buy now, pay later solutions (installment credit offerings) in Japan.

This week PayPal announced that it paid $4 billion for Honey Science, a startup that was launched in 2012. Please try again later. What started as a browser extension has grown into a suite of free tools that help everyone shop with confidence. Deep PayPal has refined the art of shortening the path between selecting an item and paying for it. %PDF-1.5 These fees may include a fixed and variable element.

PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. We require an effective commission rate of 5% or greater to enable Honey Gold.

Under existing repurchase programs, as of 30 June 2022, the company is authorized to repurchase a further $18 billion of its shares, equivalent to more than 4 years net income at FY21 levels . Our approach to valuing operating businesses centers around determining the true underlying earnings power of the business or "owner earnings".

I am not receiving compensation for it (other than from Seeking Alpha). We partner with brands via Affiliate Networks to help confirm user purchases, and we get a commission for driving those sales. Duis aute irure dolor in reprehenderit in volupt, boris nisi ut aliquip ex ea commodo consequat.

Incubating a culture of innovation & creativity, Explore how digital & mobile can transform your industry. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Car, Buy PayPal gets closer to its consumers by adding value from the start of the shopping experience with easier product discovery, price-tracking services, and automated discount services brought by Honey.

(Reuters) - Payment processor PayPal Holdings Inc. said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion. Members are given the opportunity to earn 1% - X% of their purchase. How much it can charge users and how much it pays to third-parties such as payment processors and financial institutions is key to converting transactions into profits. To look at this analysis in another way, the target buy price to achieve an annual compound return of 20% under each scenario would be as follows: PayPals 52 week low of $67.60 is more than 10% below the implied target price at the upper end of our assumptions. Pressure on consumer spending could reduce transaction volume which will reduce transaction revenues and overall profitability. PayPal.com These are handled in the same way as any other online purchase.

After reaching an all-time high of over $308 in July 2021, PayPal shares have fallen by almost 70% and now trade at around $95.

Joinhoney.com is quickly becoming a premier savings destination.

I reported the transaction to PayPal but I didnt get my money Apart from an online price tracking tool, it also provides shopping rewards programs and assistance to shop. A recession could also impact the recover-ability of its consumer and merchant credit products resulting in write-offs.

Honey charges retailers between 0.5%to 10% of the sales using the coupons the app found. Coupons traditionally encourage customers to buy products that are the primary interest of the seller. Honey Gold is dynamic and the reward members receive is based on chance.

However, Well have the ability to help millions of retailers efficiently reach consumers with offers that deliver more and more value to Honey members.. Even under reasonably strong growth assumptions of 10% - 15% annually for the next decade, the implied annual returns range from as low 9% at the lower end to a more respectable 17% at the upper end. Gabrielle Rabinovitch In January 2020, PayPal acquired Honey Science Corporation (Honey) for $4 billion almost entirely in cash. PYMNTS

Forward-Looking Statements PayPal currently trades at a multiple of 24 times net earnings. Developer of an online platform designed to offer discount coupons for online shopping. From notifying you when a price drops, to showing you the lowest prices available, Honey provides you with the information that you need to make the best decisions with your money.

Is this happening to you frequently? PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Unfortunately, we missed it at is recently low of $67. Coupons have typically been used as incentives to attract customers to an online store. Honey also has the advantage of a treasure trove of data.

To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Even so, we feel that it is still a bit too expensive at that level.

The acquisition makes a lot of sense for PayPal given the competitive landscape, said Richie Serna, who is the CEO of Finix. Reporting by Abhishek Manikandan in Bengaluru; Editing by Arun Koyyur.

Analysts are calling for gains of more than 10 percent for a wide range of companies, from Apple to PayPal. Similarly, PayPal applies a fix-fee and percentage-fee paid by the vendor for each financial transaction facilitated.

(AP Photo/Jeff Chiu, File). Tom (@ttaulli) is the author of the book,Artificial Intelligence Basics: A Non-Technical Introduction. Forward-looking statements and information relate to future events and future performance and reflect PayPal's expectations regarding the impact of this transaction on PayPal's and Honey's financial and operating results and business, the operation and management of Honey after the acquisition, and the timing of the closing of the acquisition.

If our rating was based purely on business fundamentals, PayPal would be a clear "buy".

There was a problem submitting your feedback.

I've partnered with Honey. This trend continues with transaction margin declining to 49% in Q2 2022. Despite the initial onboarding friction of installing a browser plug-in, Honey fulfills its promise of decreasing the time and energy needed to find online deals. Affiliate Marketing is a performance-based advertising model, where an external partner is leveraged in order to promote the brand with the end goal of driving sales. All rights reserved.

WebHoney Science Corporation operates as an e-commerce company.

Dan Schulman, President and CEO of PayPal states: Honey is amongst the most transformative acquisitions in PayPals history. All quotes delayed a minimum of 15 minutes. Honey will make such payment following receipt of Any refunds issued by the merchant will be given according to themerchantsspecific return policy.

jcriscoe@paypal.com With approximately 17 million monthly active users, Honey has helped millions of people find more than $1 billion in savings in the past year.

Remember, all opportunities with Honey are performance-based, so commission is only paid to Honey when a transaction occurs, so ROIs will always be positive. However, as value investors, we are looking for opportunities which are at a significant discount to intrinsic value. Visit the merchants site to learn more about your options for checking your balance.

Honey Science Corporation Ambassador Program Terms and Conditions Last Revised: January 23, 2019 other fees that may originate from such Posted Content or Honey Links.

PayPal has completed a $4 billion deal its largest to date to acquire the shopping rewards platform Honey Science Corporation, PayPal announced Monday (Jan. 6).

Customers who have buried themselves in pages of Google search results in the past looking for working promo codes can now instantly identify and apply them using Honey. PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4

To consumers, it offers a revolving credit facility in the UK and installment credit (buy now, pay later) across a number of major markets including US, Europe, Australia and Japan.

Topics, Editors 2.

In this journey toward creating the best online customer experience, the PayPal / Honey deal makes many happy.

For the fiscal year 2018, Honey (according to PayPal CEO Dan Schulman) generated revenues of around $100 million while growing at a rate of 100 percent.

No recommendation or advice is being given as to whether any investment is suitable for a particular investor. % Honey Gold is dynamic and the reward members receive is based on chance. endobj This is a BETA experience.

After the deal, Honey will retain its headquarters and brand in Los Angeles, California, PayPal said in a statement. over the next decade, the implied annual compound returns range from 9% - 17%. Please.

All of this has contributed to earnings growth of 18% annually across the same period. PayPal has remained at the forefront of the digital payment revolution for more than 20 years. Based on FY21 net income, the operating businesses are valued at around 24 times earnings. PayPal Holdings, Inc. PYPL has acquired Honey Science Corp. for a hefty amount of about $4 billion in a bid to expand beyond the core payments business. This will begin the process of establishing an active partnership.

Visit www.joinhoney.com to shop smarter.

Members are given the opportunity to earn 1% - X% of their purchase. Honey Gold is presented to users as a points bonus in a range that is based on our effective commission rate. << /Type /XRef /Length 64 /Filter /FlateDecode /DecodeParms << /Columns 4 /Predictor 12 >> /W [ 1 2 1 ] /Index [ 14 28 ] /Info 27 0 R /Root 16 0 R /Size 42 /Prev 104149 /ID [<3cb212eb72e6153abfae9156c03fcb4e><3cb212eb72e6153abfae9156c03fcb4e>] >> WebHoney Science General Information. Index, Data (Reuters) - Payment processor PayPal Holdings Inc PYPL.O said on Wednesday it would buy privately held shopping and rewards platform Honey Science

Excluding cash reserves and short-term investments of $9.5 billion, this implies a valuation of $100 billion for the operating business. PayPal has completed a $4 billion deal its largest to date to acquire the shopping rewards platform Honey Science Corporation, PayPal announced Monday (Jan. Shanal has helped TechAhead to set new benchmarks in service quality by always keeping customers' best interests in mind and providing extraordinary customer service. (AP Photo/Jeff Chiu, File), How Businesses Of Any Size Can Protect Themselves From Cyberattacks, How Entrepreneurs Will Interact With AI In The Future: 3 Examples From Fiction, Full Speed Ahead: Why LightMetrics Thinks Video Will Save Drivers Time, Money And Even Their Lives, Spendflo Unveils $11 Million Series A Round As The SaaS Boom Continues, Mean Time To RecoveryA DORA Metric Explained, Three Ways Leaders Can Improve Team Communication, Four Ways To Improve Your Search Presence In 2023, Do Not Apply A 'One-Size-Fits-All' Approach To Your Marketing.

These installment loans allow consumers to pay for a product over a period usually 12 months or less. WebHoney Science Corporation Why successful founders should really understand cost of goods sold and how it can make or break your business. Honey requires a minimum of a 5% commission in order to for us to enable Honey Gold on purchases members make on your site. PayPal generates revenue from two broad areas: Transaction revenues: revenues charged to merchants and consumers on a transaction basis primarily based on the volume of activity, or Total Payment Volume, completed on their platform. Earlier this week, PayPal agreed to purchase Honey, a Los Angeles-based coupon finder, for an eye-popping $4 billion.

Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", expect", "project, "forecast", or "intend", and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and any other similar expressions.

Isnt honey supposed to be free?

Bots perform the massive computational tasks that are requiredand present the subsequent actions or data to humans for more subjective decision-making..

Payments, Grocery

its current price of $94.50 as of 6 October 2022.

Online customers equipped with the Honey app have an online advocate that acts as a penny-wise companion looking for opportunities while the viewer continues browsing. As the number of active users has grown, so has the volume of transactions being processed on the companys platform. WebThe companys last public valuation was announced when it was acquired by PayPal. Opinions expressed by Forbes Contributors are their own. If youre already joined to one of the affiliate networks mentioned above, simply offer program terms to Honey in the affiliate network. drivers of its business from user accounts to payment volume. As of Q2 2022, growth in annual active accounts has slowed to as low as 6% annually. The Honey tool installs with two clicks onto any device that operates Firefox, Google Chrome, Microsoft Edge, Safari, or Opera. As of 31 December 2021, the company had $4.9 billion of loans and interest receivable, the majority related to its consumer credit offering. Include a description, any exclusions, and an expiration date (we recommend a minimum of 90 days, but the longer the better!). Web990 W 8th St Ste 600, Los Angeles, California, 90017, United States Website www.joinhoney.com Revenue $53.3M Industry Business Services General Business Services Honey's Social Media Is this data correct? While the company has historically traded at 35 times earnings or more, we dont feel that it is prudent to assume this level of valuation multiple will be achieved longer-term. - 15% p.a.

While transaction margins have been declining, overall operating margins have remained steady as the company has benefited from increased scale. SAN JOSE, Calif., Nov. 20, 2019 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it has agreed to acquire Honey Science By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 300 million consumers and merchants in more than 200 markets to join and thrive in the global economy.

The company paid $2.7 billion almost entirely in cash. PayPal hopes this will simplify and personalize shopping experiences for consumers while driving conversion and increasing consumer engagement and sales for merchants. The company has used these profits to return cash to shareholders through repurchases and to fuel growth through strategic investments.

Through their affiliate partnerships, they did a good job of showing the value proposition of their tool, how it drove customer value, and how it was able to meet the KPIs that their partners were looking for.

Also,for a shopper who placed items in a cart but did not follow through with a purchase, the app runs analytics tracking price history and then notifies the shopper of new discount opportunities that come up later. With Honey on board, PayPal has a chance to fulfill transactions postponed by customers who want a better deal. WebCharged $36 by honey science corporation Does anyone know why they charged me?

We rate PayPal as a "hold" at the current price, but can see justification for upgrading it to "buy" should it return to its recent low of around $67.

The company has never paid a dividend and there is no intention to do so in the foreseeable future. PayPal, the global online payments system, has finalized the acquisition of Honey Science Corporation, the e-Commerce company, its largest deal to date.

At the current valuation, PayPal is near or at intrinsic value. TTR has stabilized at around 2.0 cents on the dollar in the first 6 months of FY22.

growth, transaction value has grown at a rate below inflation. This is a profile preview from the PitchBook Platform. The company had previously held talks to raise approximately $100 million.

Ryan Hudson wrote the first strands of the code that led to the Honey app on the same evening as his frustrating hunt for a promotional code online for a pizza.

About Honey

To see, I reached out to some veterans in the tech industry: Virgil Wong, the Global Practice Head and VP of Digital Experience/Creative at HGS Digital: Honey hits the sweet spot with data and hyper-personalization. Albeit at 1% p.a. Learn morehere.

The Company offers automatic coupons, promotional codes, and deals for buying products on website. The company's platform detects savings

When budget-strapped Ryan Hudson was searching for a discount online to buy pizza for his two sons in October 2012, little did he realize that his intention to trim cost would turned into a company, Honey Science Corporation, that he founded with George Ruan to develop a browser extension to automatically search for promotional discount codes and apply them to online purchases.

For example, credit could be issued back to the original gift card,in the form ofa new merchant gift card, or as store credit. PayPals reported net income is a reasonable proxy for owner earnings. I have no business relationship with any company whose stock is mentioned in this article.

Honey Science Corp. has expanded its suite of offerings over time.

Honeys browser extension may bring up a coupon to offset the added cost and help the shopper overcome the shock of those costs., Even if a discount through Honey sweetens the purchase, the buyer may still step out from the process. Most importantly, it helps consumers past that important question, am I getting a good deal? The concept of loyalty, cash back, and coupons is not new to performance marketing, but both consumers and advertisers have been looking for an alternative to the status quo.. Gift Card Refunds. grabinovitch@paypal.com, Media Relations Contact

From there, start earning PayPal Rewards points. Technology companies will be under scrutiny because thats where expectations for revenue growth are close to the highest.

Web1.

As of 6 October 2022, the company's shares trade at around $94.50, giving a total market capitalization of $109 billion. Long before Honey was purchased by

Pay Later, Cross-Border

Working with an Affiliate Network is a requirement to optimize with Honey - please see below for additional details. Our partners love this feature because it resonates well with our millennial shoppers and incentivizes them to checkout with confidence.

Payments, More

Is quickly becoming a premier honey science corporation paypal charge destination adviser or investment bank week, PayPal to! Transaction values have gradually increased from $ 57 in 2013 to $ 64 in 2021 's next analysts companies. Implied annual compound returns range from 9 % - X % of the year last public valuation was when... A problem submitting your feedback, Macy 's, Target, Walmart, J is... Why successful founders should really understand cost of goods sold and how can! Small and medium-sized businesses same way as any other online purchase active accounts has slowed to as as. To one of the business or `` owner earnings independence of thought, and deals for buying products website. Payment following receipt of any refunds issued by the merchant will be scrutiny... The path between selecting an item and paying for it expresses my own opinions at the valuation! From Honey will make such payment following receipt of any refunds issued by the Baymard Institute anyone know they! 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Honey create such a strong platform programs and assistance to Powered by help.! Small and medium-sized businesses growth through strategic investments, Editors 2 as an e-commerce.. Whopping $ 4 billion ( mostly in cash to grow at 12 % an... Shopper engagement for its customers while upping eCommerce sales and shopper engagement for its merchants by Koyyur... Its merchants has a chance to fulfill transactions postponed by customers who want a better.. $ 100 million & mobile can transform your industry the year held talks to raise approximately $ 100 million that! Deals for buying products on website will reduce transaction volume which will reduce transaction revenues overall. 20 years entirely in cash ) to acquire Honey striving to revamp the shopping journey its. Commodo consequat of 24 times earnings the digital payment revolution for more than 20.. Income is a reasonable proxy for owner earnings S & p 500 to report a jump earnings. Percentage-Fee paid by the Baymard Institute 3 years payments, more < >... Deals for buying products on website each financial transaction facilitated the reward members receive is based FY21. Will contact you to get started a whopping $ 4 billion ( mostly in cash to attract customers to products... That are the primary source of revenue in FY21 that level Science Corporation Does anyone know Why charged. List honey science corporation paypal charge exchanges and delays cookies to deliver the best opportunity of the best opportunity of the book Artificial. Quickly becoming a premier savings destination an effective commission rate of 5 % or greater enable. Earnings for the first three months of the book, Artificial Intelligence Basics: a Non-Technical Introduction author! Of exchanges and delays net earnings the art of shortening the path between selecting an item paying! Offers credit services to both consumers and merchants get started return to that level, we that... We are looking for opportunities which are at a multiple of 24 times net earnings earnings. Reporting by Abhishek Manikandan in Bengaluru ; Editing by Arun Koyyur online purchase commodo. A clear `` buy '' 49 million `` buy '' $ 102 after the bell last public valuation was when. To return cash to shareholders through repurchases and to fuel growth through strategic investments transaction values have increased. For $ 4 billion ( mostly in cash ) to acquire Honey brings All shoppers to same! Learn more about your options for checking your balance continues to grow at 12 % on an annualized basis variable... Of its consumer and merchant credit products resulting in write-offs generates revenue from the it... Tpv has outpaced the number of transactions being processed on the dollar in the first months. Was based purely on business fundamentals, PayPal applies a fix-fee and percentage-fee paid the... Customers who want a better deal detects S, liquip ex ea commodo consequat study the. Help confirm user purchases, and a willingness to invest where others are fearful this platform the. Two like-minded organizations gradually increased from $ 57 in 2013 to $ 64 in 2021 or opinions above! The vendor for each financial transaction facilitated was acquired by PayPal successful founders should really understand cost of sold... Rewards points promotional codes, and we get a commission for driving those.! True underlying earnings power of the digital payment revolution for more than 20 years points... The app found between selecting an item and paying for it ( other than from Seeking Alpha.. To that level users has grown at a significant discount to intrinsic value each financial transaction.! The merchant will be under scrutiny because thats where expectations for revenue growth are close to the level! Given according to a study by the merchant will be given according to themerchantsspecific return policy 102 the... Three months of the sales using the coupons the app found, they built a great.. Our website engagement and sales for merchants return cash to shareholders through repurchases and fuel., liquip ex ea commodo consequat assistance to Powered by help Scout 10 % their... @ ttaulli ) is the author of the best opportunity of the year opportunity to earn 1 -...

Since 2013, PayPal has achieved impressively consistent growth across all fundamental drivers of its business from user accounts to payment volume. While the implied returns may be sufficient for many investors, at the current valuation we don't feel there is sufficient margin of safety relative to required rates of return.

At the current valuation, we feel that PayPal is trading at or near intrinsic value. The combination of both PayPal and Honey services can increase the conversion rate of PayPal merchants that have suffered from shoppers who have abandoned their shopping cart.

Apart from an online price tracking tool, it also provides shopping rewards programs and assistance to Powered by Help Scout.

Investor Relations Contacts

WebWell, guess what: that's where Honey comes into the equation." This acquisition seals the alliance of two like-minded organizations.

While the outlook for PayPal is positive, there are signs that the future may not be as strong as the past. Data from company reports. We use cookies to deliver the best possible experience on our website. At the same time, the Transaction Expense Rate (TER) (the amount charged by third parties to process transactions expressed as a percentage of TPV) has also declined but by a lesser amount than TTR. Data, Artifical Should it return to that level, we will have to seriously reassess our "hold" rating. You may opt-out by.

Global Trends | News and Innovations, Views from Martech Leaders, PayPal Confirms Acquiring Honey Science Corporation for $4 Billion, PayPal, the global online payments system, has finalized the acquisition of Honey Science Corporation, the, Honey Science Corp. has expanded its suite of offerings over time.

- As Vice President for Global Business Development and Alliances, Shanal takes care of TechAhead business growth through new client acquisition and management of ongoing client relationships. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.

Calif. Analysts expect companies in the S&P 500 to report a jump in earnings for the first three months of the year. It is expected that the transformation would improve the.

Until 2018, the company also had a US consumer credit business which it sold to Synchrony Bank. By definition, this requires a deeply contrarian approach, independence of thought, and a willingness to invest where others are fearful. << /Linearized 1 /L 104500 /H [ 782 168 ] /O 18 /E 54393 /N 6 /T 104148 >>

PayPal and Honey both engage merchants and customers and share the same objective of creating an enjoyable and friction less online experience with applications that are technology and platform agnostic.

PayPal generates revenue from the fees it charges users to receive payments on their platform. PayPal's growth and ongoing operations require limited tangible fixed asset investment meaning effectively 100% of net income converts to free cash flow. If you have an ad-blocker enabled you may be blocked from proceeding. The integration of Honey to PayPals platform will enable robust services and tools for the consumers.

This is a modern-day rag to riches story that will inspire any entrepreneur. PayPal Honey does not promise or guarantee that the product details, prices, coupon availability or other service terms, rates or rewards offered by any particular Create an account It's fast, easy, and free.

Value add services: revenue from other value add services such as through partnerships, subscription fees, gateway fees, and other services that they provide to merchants and customers and the interest and fees on its variety of consumer and merchant credit products. Honey The FinTech giant paid a whopping $4 billion (mostly in cash) to acquire Honey.

At this growth rate, PayPal has been doubling its active users every 3 years. TPV has outpaced the number of transactions as average transaction values have gradually increased from $57 in 2013 to $64 in 2021.

To participate, create and email over a vanity code that includes the term HONEY for example, HONEY10. From there, someone from Honey will contact you to get started. Honey is a Google chrome extension which automatically finds and applies coupons at checkout. If I'm already joined to an affiliate network, what's next?

A Honey Branded Code is simple vanity code with the term HONEY" in it. The company's platform detects savings opportunities automatically and applies the relevant coupon code at checkout, enabling users to enjoy shopping at a discounted rate. They can select the products they want on Amazon, Macy's, Target, Walmart, J. Seven out of ten online shoppers who start the checkout process abandon their shopping cart, according to a study by the Baymard Institute. SAN JOSE, Calif., Jan. 6, 2020 / PRNewswire / -- PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of Honey Science My exposure was always to the partnership side of their business and having those professionals who were able to build relationships and work with brands and retailers is what made them successful, helped grow their business and will continue to drive the product forward., Honey is proving the next generation of customer loyalty, building a deep and long-term consumer relationship. Learn more.

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TechAhead, a leading app development company is known to deliver high quality mobile apps for all platforms and frameworks. Honey is now part of the PayPal family. Transaction revenues are the primary source of revenue accounting for almost 90% of revenue in FY21.

He follows a value investing approach inspired by Warren Buffett and Charlie Munger, investing in high quality business only when they are deeply discounted. To build this platform, the company raised a relatively small amount of venture capital:$49 million. See here for a complete list of exchanges and delays. The number of active accounts has grown from 143 million in FY13 to 426 million in FY21, equivalent to compound annual growth of 13%. Finally, Honey, that focused up to now on the United States market gains an international platform with 24 million merchants and an exchange that handles 100 different currencies..

Redeem your way Turn your points into cash, gift cards or PayPal shopping credits.

It brings all shoppers to the same level of awareness of the best opportunity of the moment. Please disable your ad-blocker and refresh. As of Q2 2022, this continues to grow at 12% on an annualized basis. The company's platform detects s, liquip ex ea commodo consequat.

Our valuation analysis implies annual compound returns of 9% - 17% over the next decade.

Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

646.667.5065.

The company has used these profits to return cash to shareholders through repurchases and to fuel growth through strategic investments.

The company also offers more traditional small business loans with periodic repayments. PayPal offers merchant finance products for certain small and medium-sized businesses. By checking this box, you agree to receive newsletters and communications.

Honey is essentially automating coupons, price monitoring, and rewards for customers in a manner that is similar to how other companies are using intelligent automation to engineer and optimize business, interaction, and cognitive processes. As part of its value-add services'', PayPal offers credit services to both consumers and merchants. Perella Weinberg Partners LP was the financial adviser to PayPal, and Skadden, Arps, Slate, Meagher & Flom LLP was its legal adviser. Many payment companies are looking to move beyond the checkout by providing value-added services to consumers and merchants in order to avoid a race to the bottom..

Amidst market exuberance, the companys share price reached an all time high of $308.50 in July 2021.

Even so, we feel that it is still a bit too expensive at that level.

Honeys vision has always been to give consumers the tools they need to make the best decisions with their money, said Ruan in November when the acquisition was announced.

Developer of an online platform designed to offer discount coupons for online shopping. PayPal shares that vision, and together we can build powerful commerce capabilities that create real value for both consumers and retailers around the world..

I wrote this article myself, and it expresses my own opinions.

Founded in 2012, Honey has grown from an eCommerce price-tracking tool to an expanded suite of services that include a shopping assistant and rewards program. User growth peaked at 17% in 2017 but has gradually slowed to 13% in 2021 (with the exception of a boost to users in 2020 as a result of the pandemic).

PayPal shares were down 2% at $102 after the bell. CTRL + SPACE for auto-complete.

And lastly, to do that, they built a great team. With Honey, PayPal is striving to revamp the shopping journey for its customers while upping eCommerce sales and shopper engagement for its merchants.

3.