(Dreamstime/TNS)Business NewsLOS ANGELES (TNS) — Digital payments giant PayPal was soaring high five years ago, riding the surge in online shopping after the COVID-19 pandemic reshaped people’s buying habits. PayPal’s stock jumped 4% to $58.32 Tuesday after the company reported second-quarter earnings that beat Wall Street’s expectations. The merger could help lower processing fees, spurring more merchants and consumers to use online payment services. In the second quarter, PayPal reported a net income of $1.1 billion, down 12% from the net income of $1.26 billion the company reported for the same period last year. Under the new chief executive, PayPal also reorganized its business into three parts: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto.