melttc
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Ebay and Paypal parting company soon...
- Thread starter melttc
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melttc
DW Regular
- Joined
- Oct 12, 2005
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Hi Mick
I am not sure to be honest it is a bit vague but it says that most things will stay the same?
It will all stay the same basically as they will still be the same company under the table.
If some tosser decides to take you for a ride ebay will still grab money out of your paypal just as quick as they do now.
I'm pretty sure ebay wont be going back to how they used to be when they allowed you to put various other payment options on your listing, like nochex, worldpay, pppay, sagepay, or one of several dozen others. They took all other options off just before they annouced they had bought paypal. You can still take whatever method you want but you have to sort it with the buyer directly instead of having the payment buttons directly on your listing, as other sites still do.
The biggest problem with ebay & paypal is they are so big that no one will use other sites like ebid, CQout, Ioffer etc.. so ether you sell/buy on ebay or don't bother, and ether you take paypal or don't bother.
If some tosser decides to take you for a ride ebay will still grab money out of your paypal just as quick as they do now.
I'm pretty sure ebay wont be going back to how they used to be when they allowed you to put various other payment options on your listing, like nochex, worldpay, pppay, sagepay, or one of several dozen others. They took all other options off just before they annouced they had bought paypal. You can still take whatever method you want but you have to sort it with the buyer directly instead of having the payment buttons directly on your listing, as other sites still do.
The biggest problem with ebay & paypal is they are so big that no one will use other sites like ebid, CQout, Ioffer etc.. so ether you sell/buy on ebay or don't bother, and ether you take paypal or don't bother.
PayPal is parting ways with eBay following a decision by the auction site to allow the online payment business to compete separately.
The move comes as the online payment market is set to hot up, with Apple recently launching Apple Pay and Alibaba unveiling Alipay.
EBay said yesterday that PayPal would become a separate, publicly traded company during the second half of next year.
While eBay’s business is more sizeable than that of PayPal's, the latter is experiencing more impressive growth. Revenues for PayPal are growing at 19% a year – twice as fast as eBay’s.
The decision by eBay to split the businesses marks a reversal in strategy, with chief executive John Donahoe having previously argued the case for keeping them together. Earlier this year, investor Carl Icahn mounted pressure for eBay to sell PayPal, but his courtship was rebuffed.
Donahoe said: "The industry landscape is changing, and each business faces different competitive opportunities and challenges."
PayPal is available in 203 markets across the globe and is expected to handle one billion mobile payments this year.
Donahoe will not have an executive role at either company once they are separated. Devin Wenig, president of eBay Marketplaces, will become chief executive and Dan Schulman of American Express has been lined up to head PayPal.
The move comes as the online payment market is set to hot up, with Apple recently launching Apple Pay and Alibaba unveiling Alipay.
EBay said yesterday that PayPal would become a separate, publicly traded company during the second half of next year.
While eBay’s business is more sizeable than that of PayPal's, the latter is experiencing more impressive growth. Revenues for PayPal are growing at 19% a year – twice as fast as eBay’s.
The decision by eBay to split the businesses marks a reversal in strategy, with chief executive John Donahoe having previously argued the case for keeping them together. Earlier this year, investor Carl Icahn mounted pressure for eBay to sell PayPal, but his courtship was rebuffed.
Donahoe said: "The industry landscape is changing, and each business faces different competitive opportunities and challenges."
PayPal is available in 203 markets across the globe and is expected to handle one billion mobile payments this year.
Donahoe will not have an executive role at either company once they are separated. Devin Wenig, president of eBay Marketplaces, will become chief executive and Dan Schulman of American Express has been lined up to head PayPal.
