Send Money in Style with PayPal and Jonathan Adler This Holiday Season

Payments leader teams up with designer Jonathan Adler for custom
digital holiday cards

SAN JOSE, Calif.–(BUSINESS WIRE)–PayPal
is teaming up with renowned designer Jonathan
Adler
for a first-of-its-kind partnership to enhance its
person-to-person (P2P) payment service, so that sending the gift of
money for the holidays feels more personal and heartfelt. A recent
PayPal study found that money is the number one gift Americans want this
holiday season, and 62 percent wish they could ask for cash instead of
traditional holiday presents. But, the study also found that the main
reason people don’t give money as a gift is because they’re afraid it’s
not personal enough (63 percent).


This press release has an accompanying Smart Marketing Page providing
further details about the organization, products and services introduced
below. You can access the Smart Marketing Page via the following link: https://smp.newshq.businesswire.com/pages/send-money-style-paypal-and-jonathan-adler-holiday-season

To bring more style and personalization to the gift of money so people
get what they really want this year, PayPal has partnered with Jonathan
Adler, whose designs have added glamour and luxury to homes, hotels and
restaurants around the world. Adler is bringing that creativity to
PayPal, with six exclusive digital holiday and generic gifting cards
consumers can use to personalize their gift of money and add a chic
touch to their holiday well-wishes, with more cards to come.

The card designs feature the iconic touches, fresh accents and polished
style Adler is known for. The cards range from holiday greetings and
thank you cards to generic gift giving. PayPal’s P2P gifting experience
is available in 17 countries – including Australia, Austria, Belgium,
Canada, Denmark, France, Germany, Italy, Netherlands, Norway, Poland,
Russia, Spain, Sweden, Switzerland, United Kingdom and United States.
Consumers in the U.S. and Canada will see designs created by Jonathan
Adler, and consumers located in one of the other countries will enjoy
designs created specifically for their markets. Gift givers can log into
their account on PayPal.com,
simply select Send Money to make it a gift, pick their favorite card
design, designate the amount of the gift, and send1.

“Fact: Money makes the world go round, which kind of makes it the
perfect present. Sending money digitally as a gift never felt truly
personal or stylish—until now,” said Adler. “With PayPal, we have
created something that with just a few clicks lets you send money easily
and chicly. It’s a gift people are as excited to receive as they are to
spend.”

Instead of stressing over what to get the babysitter, a picky relative
or that friend who already has everything this holiday season, people
can send the gift of money with a Jonathan Adler-designed card through
PayPal. During the month of December alone, PayPal expects to see more
than 17 million P2P payments – with gifting being one of the most
popular reasons for sending money2.

“With more people asking for gifts – and giving money – via P2P payments
this holiday season, we needed to find a way to make it personal,” says
Patrick Adams, CMO of PayPal North America. “Our partnership with
Jonathan is unlike anything we’ve ever done, and helps consumers stress
less. His unique holiday card designs make sending money easy and
fashionable – something that gift cards and traditional holiday cards
simply don’t provide.”

For information on the programs and deals PayPal is offering this
holiday season, visit www.paypal.com/holiday.

About the Study

The study was commissioned by PayPal and conducted online by independent
research company Koski Research in October 2016. The study polled 1,000
Americans planning to celebrate the holidays this season.

About PayPal

At PayPal (Nasdaq:PYPL), we put people at the center of everything we
do. Founded in 1998, we continue to be at the forefront of the digital
payments revolution. PayPal gives people better ways to manage and move
their money, offering them choice and flexibility in how they are able
to send money, pay or get paid. We operate an open, secure and
technology agnostic payments platform that businesses use to securely
transact with their customers online, in stores and increasingly on
mobile devices. In 2015, 28% of the 4.9 billion payments we processed
were made on a mobile device. With our 192 million active customer
accounts, PayPal is a truly global payments platform that is available
to people in more than 200 markets, allowing customers to get paid in
more than 100 currencies, withdraw funds to their bank accounts in 56
currencies and hold balances in their PayPal accounts in 25 currencies.
For more information on PayPal, visit https://www.paypal.com/about.
For PYPL financial information, visit https://investor.paypal-corp.com.

About Koski Research

Koski Research specializes in custom research solutions that answer the
most complex business questions of Fortune 1000 companies. Answers to
these questions result in national media coverage, drive business growth
and prepare clients for the future. As the creator of the Engagement IQ,
a proprietary measurement system that assesses the public’s sentiment of
a company based on key social behaviors, Koski Research excels in
leveraging research to drive customer engagement.

_________________

1   Funds go right into the recipient’s PayPal account. And if the
recipient doesn’t have one, an account can quickly be opened for
free.
2 Based on the average number of global transactions (Venmo + PayPal)
we have seen on our platform in December for 2013, 2014 and 2015.
 

Contacts

PayPal
Juliet Niczewicz, 408-318-9146
jniczewicz@paypal.com
or
Edelman
for PayPal
Jess O’Mahony, 404-444-1650
jess.omahony@edelman.com