PayPal is facing a slew of competitors in its bid to become the “operating system of mobile payments”: Apple, Amazon and Google chief among them. But which mobile payments company frustrates PayPal the most? It’s Square, according to a February 12 Forbes profile of PayPal CEO David Marcus. According to Forbes, Square “had none of the inherent advantages of the tech giants and yet has built a platform, from scratch, that could become a mobile payment standard. ‘I was shocked that PayPal didn’t already have something like this,’ says Marcus, who took over as the division’s president two years ago.” One of Marcus’s first actions and, he says, PayPal’s first major product launch in years, was PayPal Here, a Square knockoff for small merchants. Square and PayPal are increasingly at odds in the battle to sign merchants to their respective platforms. Square scored a win last week with Whole Foods, which will install payments kiosks similar to those at Starbucks. Square is also increasing its merchant sales team in order to woo more brands, the company announced last week. PayPal is battling for the same real estate. The Forbes piece opens with an incident at a supposedly PayPal-friendly restaurant: Eager to show [...]
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