BillMeLater; Just Not on Amazon
Here’s an example of a story coming full circle: Amazon invests in BillMeLater, BillMeLater is added as a payment option on Amazon, eBay buys BillMeLater, and today, Amazon pulls the plug on BillMeLater. The service, which lets shoppers buy stuff online without a credit card, will no longer be offered as a payment option by Amazon in the New Year.
PayPal Unwraps 2008 Holiday Promotions
PayPal today announced great deals and special offers for cash-strapped online shoppers this holiday season. Customers can receive up to 20 percent cash back on purchases from major retailers, such as American Eagle Outfitters, eToys and Blockbuster, as well as free shipping from select PayPal merchants and great eBay deals for anyone paying with PayPal.
WorldPay Merchants To Offer PayPal and RevolutionCard
WorldPay, a leading UK Payment Service Provider, and PayPal, one of the world’s leading online payment systems, today announced a partnership which allows WorldPay clients to offer PayPal as an additional payment method.
PayPal Glitch Freezes Sellers’ Cash For Weeks
A problem with some PayPal payments being held by the company was just a glitch, not a cunning plan to claw more money out of buyers.
Earlier this year PayPal introduced a scheme to flag certain transactions it regarded as suspicious. Payment for items where eBay determined the buyer might be dissatisfied would be held for 21 days, or until the seller received positive feedback from the buyer. Then the funds would be transferred.
Payment Volume From PayPal’s Merchant Services Tops Volume Received From eBay Auctions In Q3 2008
In Q3 2008, the merchant-services part of PayPal’s transaction volume has exceeded the volume generated by eBay auctions for the first time.
PayPal to refund shoppers defrauded on eBay
PayPal, the payment service used by 20 million online shoppers in Britain, has given in to consumer demands to offer full refunds to buyers defrauded on eBay.
PayPal branches out from eBay’s money tree
PayPal President Scott Thompson said here at the RBC Capital Markets conference Wednesday that by year’s end, his company will derive more total payment volumes from its Merchant Services than from eBay buyers and sellers. Merchant Services is the name for the payment software PayPal provides to third-party sites like Starbucks, Delta Airlines, and American Outfitters.
This article from CNET News 6 August 2008
Read more of this article at CNET News site.
Attention eBay Users: Online Sellers Facing New IRS Rules
Countless Americans selling as individual entrepreneurs on sites like eBay must now be aware that the Internal Revenue Service has modified their rules to make sure taxes are reported on private Internet transactions. As part of the housing rescue package just signed by President George W. Bush, the Internet transaction interface PayPal and other online payment processors will be mandated to report annual gross receipts to the IRS for almost all Internet sellers.
Why PayPal Should Be Worried By Amazon’s New Checkout Service
eBay’s PayPal payment service, which has been one of the bright spots for the online marketplace site, is about to get a wallop courtesy of E-tail giant Amazon.
Amazon has just launched two new payment services that strike at the heart of the PayPal business: Checkout and Simple Pay.
Amazon takes on eBay with PayPal rival
A new online service will allow retailers to offer customers one-click payment by selling via Amazon’s website.
Amazon has set out to take on eBay by unveiling an online payment service which will compete directly with PayPal.
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