PayPal Nears Deal for Braintree Payments

The deal for Braintree would give PayPal access to data and lucrative transaction fees from Braintree’s expanding network, which currently processes more than $10 billion annually for companies like OpenTable, Uber Technologies and Airbnb. Braintree charges merchants a 2.9% commission and 30-cent transaction fee.

via PayPal Nears Deal for Braintree Payments – Digits – WSJ.