Ted Bauman gives his followers some creative ways for taking advantage of the shift towards the modern digital payment methods in investment. The truth of the matter is that very few people embrace the old payment methods because of convenience and safety measures. Bauman notes that many online payments listed companies in the stock exchange perform better than other companies. Ted Bauman gives an example of PayPal listed in the New York Stock Exchange as PYPL. The company formerly collaborated with eBay for payments, but after parting ways with eBay, it opened doors for other merchants. The best part of the PayPal payment method according to Bauman is the protection between the merchant and the buyer. However, as much as these companies are worth investing in them, the investors should not consider Visa and Discover because the credit card companies may not be useful in the future like the online cashless payment platforms.
Ted Bauman notes that a survey done by Statista in 2017 put PayPal in front of other platforms with the 40% of the respondents while another more than the same preferred credit cash methods. Bauman notes that PayPal launched credit card services recently in partnership with MasterCard. Bauman added that the company has over 240 million users, which makes it the leader in online payment platforms. He adds that PayPal launched Venmo, a money transfer application that allows users to share cash among themselves. The new venture made PayPal stronger with the addition to PayPal Here feature that gives users the freedom to accept transactions from PayPal anywhere. Bauman, therefore, advises the investors through his newsletter published in the Banyan Hill Publishing to consider the company. He notes that the share price of PayPal went up by 20% since it hit its low in May. He adds that the company is in its rebound phase making it the best for investors and the momentum the stock is growing is safe for investing.
Ted Bauman studied in South Africa, earned two degrees before engaging himself in the finance and housing sector and worked for 25 years helping people get housing opportunities in poverty-stricken areas. Today, he specializes in low-risk investment strategies, asset protection, international migration, and privacy and offering investment advice through Banyan Hill Publishing.