But which will not be all excellent news, in keeping with na analyst.
Susquehanna’s James Friedman downgraded PayPal shares PYPL to neutral from positive Tuesday, warning that Braintree’s growing prevalence within the broader PayPal business could have negative impacts on the company’s margins and its take rate, or the company’s cut of every transaction.
While PayPal is best known for its namesake mobile wallet and checkout button, the corporate also owns Braintree, which allows retailers to just accept online payments more broadly:
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