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Everything is Clicking for PayPal

The more people use Venmo to pay their friends, the more merchants want to get in on the game. Illustration: Venmo

Folks long wondered when PayPal would get steamrolled by the major banks and credit card issuers, but the company continues to prove the doubters wrong.

The digital-payment pioneer beat Wall Street’s expectations for both revenue and earnings when it reported results Wednesday night. The company also raised its revenue forecast for 2017.

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