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Yeah, heard it on radio yesterday. Seems they trying to get situated to counter the new processing companies (Google, Amazon etc.). Even seen a web story on GoDaddy starting their own. -
Thank damn goodness... I can't stand either one of them, but eh... It'll be a refreshing change.Comment
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They realized the were losing business because of Donahoe's decision to stay merged. One of the top people there told them to split few years back, but the hoe didn't want to listen. Then finally when apple pay came around they kind of got a reality check.Comment
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I think it's positive. Right now, using Ebay and PayPal is like having four sets of eyes looking you over. (Which is why I prefer, especial;y for high ticket items, to use merchant account only Ebay accounts).
Integrating your NON-PayPal credit card processor DIRECTLY into Ebay checkout - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited
To some extent, and especially eventually, after the split PayPal will stop worrying so much about what is sold on Ebay as long as PayPal gets paid.
Today, a standalone PayPal transaction is much less of a headache FOR THE SELLER than when something is sold on Ebay. For example when an Ebay buyer initiates a PayPal dispute he almost always wins - not so, for standalone PayPal purchases. And the "significantly not as described" PayPal disputes are almost always settled in favor of the Ebay buyer, but are almost always denied for the standalone PayPal buyer.Comment
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The Ebay you grew up with is dead
The eBay you grew up with is dead. Cause of death: Carl Icahn – Quartz
Well, I hope so!
If PayPal becomes a truly separate entity, unconcerned with Ebay's well being, that will be GOOD for all of us sellers. We don't need four sets of eyes looking over the same transactions!Comment
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wsj.com
Highlights of the split, which will happen later this year:
• For at least five years, Ebay must ensure that at least 80% of gross merchandise sales are routed through PayPal, or else basically make up the difference.
• PayPal must pay Ebay a commission on any sales above that 80% percentage.
• PayPal is free to pursue any merchant, to pursue an Amazon, an Alibaba, and Ebay is free to bring other payment alternatives to Ebay. (The latter, of course, may turn out to be beneficial to us if those alternatives remain truly independent of Ebay.)
• Ebay will be forbidden from creating its own payment system, and PayPal from developing a marketplace to sell merchandise. However, if PayPal is acquired by an Ebay competitor, Ebay may enter the payments business as soon as 15 months later.Comment
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The amended PayPal policies that will go into effect July 1, 2015 are here:
Policy Updates
as they relate to Ebay, PayPal will apparently STILL be sharing information with Ebay even after the split, except that Ebay will now fall into the category of a third party:
"This section was modified to reflect the changing nature of the relationship between eBay and PayPal. Both parties will be separate entities, but would like to continue to provide users with the commerce experiences they have come to expect. PayPal will share account information with third parties, such as eBay, to prevent fraud or assess and manage risk, to help protect accounts from fraudulent activity or alert users if we detect such fraudulent activity on their accounts, to provide customer services, including to help service accounts or resolve disputes (e.g., billing or transactional), to facilitate shipping and related services for purchases, and for other purposes such as to help those third parties comply with their legal requirements and to enable them to run programs aimed at evaluating buyer or seller standards. "
If this is the way things go, then there will not be much effect, at least not in the beginning, with the Ebay-PayPal split as far as PayPal's watching carefully over your Ebay transactions.Comment
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Yeah I read about this the other day it is awesome!Comment
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