PayPal Launches Digital Gift Store With Only One Client: Apple

Payments giant PayPal is hoping to coax holiday shoppers’ gift card spending out of brick and mortar stores and into its digital wallet instead. Here’s the catch: only if it’s an Apple iTunes gift card. The eBay-owned company rolled out a digital gift store exclusively with Apple on Tuesday, allowing PayPal customers to purchase iTunes gift cards ranging from $25 to $100 by linking directly to users’ PayPal accounts. The launch comes just one week after PayPal announced it would accept p...