PayPal stops payments to and from India
Online shop eBay’s popular electronic payment system PayPal seems to have been blocking all personal transactions to and from India. Strangely, it has offered no justification for this decision.
In a perplexing move, popular electronic payment gateway PayPal Inc has suddenly started blocking personal transactions to and from India. PayPal was allowing business transactions till a few days ago, but now has also stopped it along with personal and gift payments.
eBay and PayPal Now Offer Bill Me Later
If you’re shopping on eBay, Bill Me Later will be available as a payment option for both Buy It Now and approved auction purchases. This is according to the PayPal Blog.
PayPal, eBay to Integrate Bill Me Later Into Sites
Almost a year after eBay purchased online billing company Bill Me Later, the company’s offerings will be integrated into eBay and PayPal in the coming weeks.
Bill Me Later will launch for a limited number of sellers and buyers on eBay and PayPal in the next few weeks, Sam Shrauger, PayPal’s vice president of global product strategy, wrote in a blog post.
EBay —Not PayPal—To Handle Dispute Resolution
EBay, which decided to limit major announcements to twice-yearly, has been quiet up until this week when it announced its spring policy and site changes for buyers and sellers.
Last year eBay slugged through harsh policy changes that kept many sellers in an uproar for most of 2008, such as DSR restrictions and opening the site to larger catalog merchants.
eBay: Good in Parts
At the Accel Symposium, we heard John Donahoe, eBay CEO, admit that there was little synergy between core eBay, PayPal, and Skype. He lauded PayPal, showed some false modesty around Skype, and talked about core eBay in a way that indicated a clear understanding of its limitations and challenges. If that sounds a tad negative, that was not what I took away. What I did take away was that eBay is a great collection of parts, a really great collection of parts, that would be more valuable as independent entities.
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.
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