When the online marketplace giant made the announcement, PayPal started taking an immediate hit. PayPal shares have been falling since last week when Amazon announced to its users that the popular mobile payments service owned by PayPal, Venmo, would no longer be an accepted transaction method on its site or app. Amazon announced that the changes to the transaction method acceptance would start January 10. Though Venmo hasn’t yet been cut off for shoppers making mobile payments on Amazon, PayPal is already suffering from the decision as its stock price…
Read MorePayPal mobile payments suffer following Venmo’s removal from Amazon
