***eBay Welcomes PayPal*** I am very happy to announce that eBay's acquisition of PayPal is complete. We are now working together with a common goal: to help buyers and sellers trade online. A great many eBay buyers and sellers use PayPal to complete their transactions, and have told us that they would like to have PayPal integrated into the eBay site. Within the next few weeks, that will begin to happen. In the first phase of integration, you will see PayPal featured on the Sell Your Item and View Item pages, first on www.ebay.com and then on www.ebay.co.uk. Further integration will happen over the coming months. Our goal is to make trading on eBay faster, safer and more convenient for buyers and sellers alike. I got this from RCC, end of an era as payPal is to expensive to use. Beginning in mid-October, PayPal members will be able to send and receive payments in Euros and Pounds Sterling using their credit cards, in addition to U.S. Dollars. eBay Payments by Billpoint will be available until after the first of the year. At that time, we will work closely with Billpoint users to ensure a smooth transition during the phase-out process. Stay tuned for more details about these changes over the next few months. Additional information can also be found on eBay.com at www.ebay.com/paypal.
I have a bad/sad feeling that once ebay gets it's paws on paypal, paypal's service is going to go down the tubes. I am a huge fan of paypal and I really don't want to see it's customer service become equal to ebay's (lack of) customer service. Jason
I liked how PayPal kept introducing features that made doing auctions easier. This was, it seems to me, great stimulus to eBay. It helped encourage them to smooth out their check out process for one. PayPal would also send out end of auction messages the minute the auction really ended. EBay might take up to a few hours to get their EOA message out! I love competition and regret there will be less for eBay...
I am also not real happy about eBay buying Paypal. I didn't like Billpoint, and now I assume they will turn PP into the new Billpoint. I agree, eBay customer service is horrible. Paypal's was a least a little better - and also agree it will probably go down tubes. Time will tell. :?
FYI - some may have read on 'other' forum - about the folks who are ripping off other folks auctions. ie. they are sending sellers money to pay for item they never bid on immediately after auction - and ripping off true winner. This could work both ways - so beware ---- ie. someone could contact you, the seller, immediately after auction, claiming to be the Seller and telling you to send the money to them - the rip off artist. Just wanted to warn everyone, it must be the newest in scams. 8O
This is news for me, I thought eBay had always owned PayPal. Then again, I was 5 when the merger happened, so not much more could be expected
Shoot! Digging deep for that one 'Zip. No one responded to it then so why are we responding to it now? Answer? We's just wild and crazy guys.............
Was a long time ago remember i was selling Trading card games on ebay at the time and we thought it was end of world when ebay bought it.
For what it's worth, PayPal is the fastest growing segment of ebay's business. If you skim their financial statements over the past few years it's quite apparently that they would not have had near the financial success they have today without the acquisition. Disclaimer: I do own eBay stock.
PayPal didn't even exist when I first started selling on eBay, and despite the convenience that it now offers, it was a lot more fun taking a stack of checks/M.O.'s to the bank. It made a person feel important, like a real businessman, lol.
Me too -- converted from PayPal stock at the time of the acquisition. I was doing enough eBay business through PayPal when they went public that they let me buy into the IPO. I went in for the minimum; sure wish I'd gone bigger, since the eBay stock is now worth almost seven times what I invested.
It's always a tough call. Most of the IPOs (ha, "most" makes it sound like it's hundreds, it's less than ten) that I have had the opportunity to invest in have cratered. Had not noticed that.
