Schulman was responsible for American Express' global strategy to expand alternative mobile and online payment services, form new partnerships, and build revenue streams beyond the traditional card and travel businesses.

[3][4][5] His mother, S. Ruth Schulman, was associate dean of Rutgers' Graduate School of Applied and Professional Psychology (GSAPP) from 1974 to 1999.

"[5] Schulman began his business career at AT&T, working more than 18 years there and becoming the youngest member of the company's senior executive team.

[10][9] By the time Schulman left Virgin Mobile, it had become one of the nation's top wireless carriers, with more than 5 million customers and $1.3 billion in annual sales.

[9][12] On September 30, 2014, it was announced that Schulman would become CEO of PayPal, which would continue as a separate legal entity, split from eBay in 2015.

[26] When he was CEO of Virgin Mobile, Schulman led a partnership with StandUp For Kids, a nonprofit that distributes survival kits and a hotline number to homeless youth.

To get a truer sense of what homeless kids experience, Schulman once spent 24 hours on the streets of New York City, unshaven, wrapped in a blanket, and without money, a watch, or a cell phone.

[28] "As of 2023, Schumann is a resident of San Jose, California,[29] and early in 2023 announced his intended retirement as CEO of PayPal by the end of December.

[31] He stated that "The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal's mission and culture.

[32] In protest at the new law in North Carolina, Schulman announced that the company was canceling its expansion to hire 400 people in the state.

"[31] In 2018, to support Dreamers – people who entered the U.S. as children and currently live, work, and contribute to the United States – Dan signed his name to a letter calling on U.S. Congress to take swift action on the Deferred Action for Childhood Arrivals (DACA) program.

[21] In 2019, Schulman was recognized by Endeavor Global with the High-Impact Leader of the Year Award for his work to support entrepreneurs around the globe.