PayPal Shares Fall on Concern Visa Deal Will Hit Profit Margins
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PayPal Holdings Inc. shares dropped the most in four months on concern about the cost implications of a new agreement between the digital payments company and Visa Inc.
The companies announced an agreement Thursday in which PayPal will stop discouraging customers from linking accounts to Visa cards and share more data with the card network in exchange for "long-term Visa fee certainty" and help with in-store payments.