I don't see how this is good for Ebay in the long term, just Paypal. Ebay offers no customer service to sellers and charges outrageous fees for what they offer. If Facebook makes a competing service, I don't see how they will make it. Paypal has a huge amount of potential.
What kind of payment system is ebay going to go with? Are they planning on processing it on their own? I don't use the service anymore so I don't really know what is going on with them.
There's no reason why eBay won't continue to use PayPal. Remember, PayPal WAS a separate company in the late 1990s. PayPal was an accepted method of payment on eBay, before eBay bought them. PayPal is currently the largest online payment processor and eBay is one of the largest user-to-user marketplaces in the United States. There's no way that eBay can afford to dump them for some other service that no one has ever heard of. And since the IPO was mentioned, if anyone wants to get in on that then the solution is to buy shares of eBay right now. eBay will give shareholders 1:1 shares of PayPal when they are actually split into a separate entity.
The reason why ebay will not continue with paypal is because they are funding their own payment company I've understood.
What are your guys' thoughts on buying Paypal shares? On the one hand it's a massive company with lots of profit, on the other hand, the appearance of Apple Pay might cripple them a bit.
If Ebay is making their own payment company, I'm not sure how much I would trust it. I don't have much faith in Ebay anymore. Their fees are way too high. I'm not against giving it a try but I'd be cautious about the whole thing.
Ebay has many issues true, but it's a huge company, so I am not seeing them making this move if it was not carefully planned.
Dont think I'd be buyer at the start. I know they have the name and the reputation which means a lot on the net but I still think they will be priced too high. I'd probably start selling after six months and hold long term because my belief is that net payments will become a more locally controlled business at country level.
I agree. If the right company choose the bite some of Ebay's market share, I'd say they have a decent success rate. I don't think that's the case with Paypal though.
I think eBay has been left behind, technology wise. Ever since people figured out how to use sniping apps, eBay has been at a decline.