Why PayPal Decided to Join Their Enemies Instead of Fighting Them

Jim Magats, PayPal‘s senior vice president of payments and SMB solutions, says that since joining the company in 2004, he’s heard PayPal’s demise predicted many times — when Apple Pay came out in 2014, when PayPal was banned in Greece in 2015, and again that year when the company ended a 13-year alliance with eBay. But it wasn’t until 2016, when credit card firms got fed up with PayPal discouraging users from linking their plastic to complete transactions, that Magats — along with CEO Dan Schulman, former CCO Gary Marino, and former COO Bill Ready — found an unbeatable enemy.

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