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PayPal stops payments to and from India

Francis — Sat, 06 Feb 2010 16:56:11 +0000

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.

This article from Moneylife.in 6 February 2010
Read complete artcile at Moneylife.in site.

eBay and PayPal Now Offer Bill Me Later

Francis — Wed, 21 Oct 2009 10:40:05 +0000

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.

Read full article at PayPal Blog

PayPal, eBay to Integrate Bill Me Later Into Sites

Francis — Sat, 26 Sep 2009 07:23:35 +0000

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.

This article from PC Magazine 23 September 2009
Read complete story at PC Magazine site.

EBay —Not PayPal—To Handle Dispute Resolution

Francis — Fri, 17 Apr 2009 10:15:38 +0000

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.

This article from eCommerce-Guide.com 16 April 2009
Read complete article at eCommerce-Guide site.

eBay: Good in Parts

Francis — Sun, 01 Mar 2009 13:07:25 +0000

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.

This article from ReadWriteWeb 26 February 2009
Read full article at ReadWriteWeb site.

BillMeLater; Just Not on Amazon

Francis — Sat, 03 Jan 2009 04:00:19 +0000

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.

This article from Mashable 31 December 2008
Read more of this story at Mashable site.

PayPal Unwraps 2008 Holiday Promotions

Francis — Fri, 31 Oct 2008 11:39:38 +0000

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.

This article from Market Watch 1 November 2008
Read more of this article at Market Watch site.

WorldPay Merchants To Offer PayPal and RevolutionCard

Francis — Sat, 18 Oct 2008 04:22:04 +0000

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.

This article from Finextra 17 October 2008
Read more of this article at Finextra site.

PayPal Glitch Freezes Sellers’ Cash For Weeks

Francis — Thu, 16 Oct 2008 15:19:15 +0000

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.

This article from The Register 16 October 2008
Read more of this article at The Register site.

Payment Volume From PayPal’s Merchant Services Tops Volume Received From eBay Auctions In Q3 2008

Francis — Thu, 16 Oct 2008 14:29:25 +0000

In Q3 2008, the merchant-services part of PayPal’s transaction volume has exceeded the volume generated by eBay auctions for the first time.

This article from The Paypers 16 October 2008
Read more of this article at The Paypers site.

PayPal to refund shoppers defrauded on eBay

Francis — Sun, 05 Oct 2008 08:53:02 +0000

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.

This article from TimesOnline 4 October 2008
Read more of this article at TimesOnline site.

PayPal branches out from eBay’s money tree

Francis — Thu, 07 Aug 2008 07:49:58 +0000

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

Francis — Tue, 05 Aug 2008 09:51:32 +0000

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.

This article from iBLS 3 August 2008
Read more of this article at iBLS site.

Why PayPal Should Be Worried By Amazon’s New Checkout Service

Francis — Sat, 02 Aug 2008 14:36:00 +0000

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.

This article from ChannelWeb 30 July 2008
Read more of this article at ChannelWeb site.

Amazon takes on eBay with PayPal rival

Francis — Thu, 31 Jul 2008 07:11:01 +0000

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.

This article from TimeOnline 30 June 2008
Read more of this article at TimeOnline site.

Ebay Members to Seek Recourse Through the Courts

Francis — Sun, 13 Jul 2008 17:55:39 +0000

“The group of ebay members which has guided a large number of us in recent weeks to make written submissions to the ACCC, petition and attend a conference, and write to Ministers, Senators, ASIC, the Banking Ombudsman, industry regulators and our banks, will now launch a further series of initiatives to bring ebay into line with decent trading practices. The first of these initiatives will be to seek remedies through the courts.”

They have released a media statement which is on the next page.

“MEDIA STATEMENT: Ebay Members to Seek Recourse Through the Courts

“Early last week a well co-ordinated group of eBay members was instrumental in facilitating large numbers of their peers, nationally, to write to their local Ministers, Senators, The Banking Ombudsman and to ASIC and other relevant organisations to register complaints over the aggressive manner in which eBay continues to promote PayPal as its preferred payment method.

“The complaints are well documented and numerous, and ranged from: eBay’s misrepresentation, suppression of other payment methods, deletion of sellers’ listings without cause, refusal to allow sellers to pass on PayPal charges and the issuing of misleading statements to further the illusion that PayPal is more secure than other established and proven payment methods.”

“Other complaints included PayPal’s freezing of member’s accounts, the inequity of the PayPal User Agreement and PayPal’s refusal to sign the EFT Code of Conduct – therein denying eBay members the same protection which banks and other financial institutions provide to their customers.

“Later in the week the group again led their peers to write en-masse, but on this occasion to their respective banks, to air concerns over eBay’s public statements that PayPal is the safest product in the EFT marketplace, implying that all other EFT transactions – and in particular Direct Deposit – are unsafe by comparison.

“On the basis that the ACCC concluded in its draft Notice: “The evidence available does not support the view that PayPal is the most secure method of payment or offers the best service for all transactions”, eBay members sought reassurance from their banks that eBay’s assertions are incorrect and that Direct Deposit is a safe transaction method.

“This week the group will launch a further series of initiatives. Mr Tony Green, the group’s spokesman on legal matters, announced today that “… as eBay’s response to member’s legitimate concerns is woefully inadequate it is now time to commence our next offensive which will be to seek remedies through the courts”.

“Mr Green went on to say ”eBay’s recalcitrant behaviour has pushed us to the point that we must now use the legal system to bring eBay into line with decent trading practices.”

“Mr Green said, “In a conference last night the group decided unanimously that it would use legal due process to stop eBay from destroying its own site and, in the process of this, destroying the livelihoods of hundreds of thousands of loyal eBay members”. He added, “We are eBay’s customers and to date they have refused to listen to us. eBay has left us no alternative than to appeal to the courts to right the wrongs that eBay has forced upon us.”

“In anticipation of this offensive the group has had a team of researchers looking at legal precedents, similar legal actions and the various legal alternatives available to it.

“We discussed several options available to us in prosecuting these actions,” said Mr Green “… and the possibility of a major legal firm doing the work on a no win no fee contingency basis is being examined.”

“The principles at issue here are of vital importance to the largest consumer group in Australia – 5 million people according to eBay’s own figures – only a few of these are commercially scaled businesses, most are mums and dads striving for a modest supplement to the household income, and these people do not have the financial resources to pursue fair and just treatment at the hands of eBay”, said Mr Green.

“It appears that political leaders and regulators have yet to fully comprehend the significance of the issues and have not yet commenced the required corrective actions, and thus the group has stepped up its activity to rally eBay members together and to take eBay on as one. Ultimately, eBay will be made to comply with all of the laws of our country.”

“Contact has been made with a University Law School as the group are exploring the possibility of engaging law students – ironically, many of them also disaffected eBay members – to research this area and begin cataloguing the huge volume of accumulated evidence assembled by eBay members.

“Further, there are a growing number of other eBay members offering to contribute to a fighting fund to pay for the planned actions.

“eBay members are delighted to learn of Paymate Pty Ltd’s announcement on 11th July of it having lodged a formal complaint to the ACCC concerning eBay’s alleged breaches of s47 and s52 of the Trade Practices Act 1974,” said Mr Green, ” … and our group will now examine the merits of approaching Paymate with a view to the pooling of evidence and conducting a joint legal offensive against eBay.”

“Our research to date is moving us on from the Trade Practices, and other Acts, competition sections to those sections dealing with unconscionable conduct, and breach of contract “, said Mr Green.

“We need to do something dramatic, and quickly, to protect eBay members – mums, dads and businesses – from being destroyed by a company that can see no further than its own profit figure. If the anger of its loyal customers means nothing to eBay we intend to look to the courts to uphold Australian Law and to give us respite from the excesses of eBay”, said Mr Green.

“eBay believes that eBay members are isolated from each other, largely ignorant of eBay’s actions with regard to PayPal and are therefore ineffectual in complaining about or opposing eBay’s deplorable practices. For the average eBayer being channelled into paying by PayPal may seem to be a risk free and temporary thing rather than a calculated deception by eBay”, Mr Green said.

“Most eBayers are unsure how and where they should complain, and eBay are counting on this to push its policies through. We intend to expose this tactic to all eBay members.”

“The discussion boards on eBay are a good indicator of the level of anger at eBay’s new policies. There is no flocking to the boards by people who support the new policies. To the contrary they are full of horror stories and tales of anger and frustration from people who are violently opposed to them”, said Mr Green.

“Between them the co-ordinators of the group have a data base of over one hundred thousand email addresses of eBay members who have purchased from us, and through other supporting sellers access to many hundreds of thousands more. If necessary we will contact every one of them to alert them to the full consequences of the disastrous policies that eBay have introduced. We will do the job that eBay is morally obliged but too frightened to do – to keep eBay members informed,” said Mr Green.

“The group will conference again this evening to make decisions on its first legal offensive against eBay and to decide on a timetable.

“Meanwhile, activity on the eBay site from both buyers and sellers has taken a nosedive, member’s anger and frustration continues unabated, and the level of disaffection with eBay is growing. eBay’s only response has been to temporarily discount listing fees – again – the third such promotion in the past six weeks in a desperate move by eBay to arrest the steady decline in the number of listings.”

eBay backs down on forced PayPal payment plan

Francis — Thu, 03 Jul 2008 14:15:45 +0000

EBAY’S contentious plan to funnel almost all of its online auction payments through a subsidiary is over, after the company finally capitulated to pressure from its sellers and the competition regulator.

This article from BusinessDay 4 July 2008
read more of this article at BusinessDay site.

Confusion sets in over eBay payment policy

Francis — Tue, 24 Jun 2008 03:26:18 +0000

AUSTRALIAN eBay users have been left confused by conflicting messages as the company prepares to clash with the consumer watchdog over its controversial PayPal-only policy.

This article form News.com.au 24 June 2008
Read more of this article at News.com.au site.

Clerical error exposes Google as anonymous eBay critic

Francis — Fri, 30 May 2008 08:10:17 +0000

The Australian competition watchdog has accidentally revealed Google as the anonymous source of a submission that is highly critical of eBay’s proposal to force its users onto the PayPal payments system.

This article from The Sydney Morning Herald 29 May 2008
Read more of this article at The Sydney Morning Herald site.

For PayPal, it is only the beginning

Francis — Mon, 26 May 2008 17:15:23 +0000

Scott Thompson, president of online payment solutions provider PayPal was in Israel this week to attend the IVA conference in Tel Aviv. He told "Globes" why he believes almost all payments will be made online within three to five years.

This article from Globes Online 25 May 2008
Read more of this article at Globes Online site.

‘Secure’ PayPal page is… you guessed it

Francis — Sat, 17 May 2008 04:47:39 +0000

A serious scripting error has been discovered on PayPal that could enable attackers to create convincing spoof pages that steal users’ authentication credentials..

This article from Channel Register 16 May 2008
Read more of this article at Channel Register site.

EBay, GE Money Expand PayPal Credit To EBay Site

Francis — Sat, 17 May 2008 04:42:12 +0000

Ebay diving into the murky waters of consumer credit in a bid to boost sales, even as consumer debt delinquency rates are rising nationwide.

The Internet auction site said its popular PayPal electronic-payments unit, which saw revenue rise 32% last quarter, would begin offering financing options for purchases on its eBay.com auction site with credit issued by General Electric Co.’s (GE) consumer credit arm.

This article from CNN Money.com 16 May 2008
Read more of this article at CNN Money site.

Online payment firm sees silver lining from eBay/PayPal decision

Francis — Wed, 14 May 2008 05:45:15 +0000

Australian online payments company Centricom says that while it is angry with eBay’s decision for force customers to use its wholly-owned subsidiary PayPal, it may actually benefit from a backlash against PayPal from other merchants.

This article from SmartCompany 12 may 2008
read more of this article at SmartCompany site.

Mayday! eBay raises white flag over forced PayPal in US

Francis — Wed, 14 May 2008 04:48:38 +0000

The public outcry over eBay Australia’s intentions to introduce mandatory use of its PayPal online payment system has forced the US office of eBay onto the back foot. eBay, through a spokesperson on the company’s official blog has stated publicly that the world’s dominant online auction site will not try to introduce PayPal-only transactions on the site in the US.

This article from ITWire 13 May 2008
Read more of this article at ITWire site.

eBay army mobilises to oppose PayPal

Francis — Thu, 08 May 2008 07:07:58 +0000

The Australian Competition and Consumer Commission has received more than 200 submissions opposing eBay Australia’s proposal to force its buyers and sellers to use PayPal.

The issue has attracted attention around the world as many eBay users allege that Australia is the proving ground for a plan that will be rolled out across all eBay jurisdictions. eBay Australia confirmed two weeks ago that other eBay divisions were watching the outcome of the proposed ban on alternative payment providers.

This article from the sheet 8 May 2008
Read More of this article at the sheet site.

Obopay vs. PayPal: Ease-of-use vs. cheap to use

Francis — Wed, 07 May 2008 06:12:14 +0000

The battle is on for mobile money transfers as eBay’s PayPal, the online payment veteran, is taking on the plucky, young up-start, Obopay for domination in the budding space.

This article from Fierce Wireless 30 April 2008
Read more of this article at Fierce Wireless site.

PayPal Protecting Users or Stealing Under Guise of Protection?

Francis — Wed, 07 May 2008 06:00:28 +0000

PayPal already has a notorious reputation as highlighted in several past legal cases and entire web sites devoted to this company which parades as a financial service but is not registered as such

This article from Mathaba News Agency 6 May 2008
Read more of this article at Mathaba News Agency site.

Australian banks question eBay – PayPal monopoly strategy

Francis — Wed, 07 May 2008 05:50:19 +0000

The Australian Bankers Association and The Reserve Bank are asking the Australian Competition and Consumer Commission (ACCC) to stop eBay from forcing eBay customers to use its PayPal service to make payments on the online auction website. EBay intends to introduce this rule change on 18 June and the ACCC has given interested parties until the 2 May to make submissions on the move.

This article from ePaymentNews Network 5 May 2008
Read more of this article at ePaymentNews Network site.

Paypal Canada announces lower fees

Francis — Fri, 02 May 2008 08:21:15 +0000

Paypal Canada have just announced a fee cut for Canadian users. The fee has been cut from CA$0.55 to CA$0.30 per transaction for receiving funds. At the same time, the conversion rate for US Dollars to Canadian Dollars will be lowered for some.

Click here for full details of the fee changes.

Paymate issues open challenge to eBay over buyer and sell protection

Francis — Tue, 29 Apr 2008 10:29:47 +0000

Australian-based Internet payment services provider Paymate has issued an open challenge to eBay Australia to prove claims made to iTWire last week that eBay-owned PayPal offers better buyer and seller protection than Paymate are true. In addition, Paymate says that its payment system can be easily integrated with the eBay site contrary to the claims made by eBay.

This article from ITWire 29 April 2008
Read more of this article at ITWire site.

Seller Gets Scammed On Ebay, PayPal Won’t Help

Francis — Sat, 26 Apr 2008 06:36:30 +0000

Matt just got his first taste of Ebay, and it wasn’t good—as soon as he mailed off the Best Buy gift card to the buyer, the buyer reversed payment on Matt’s PayPal account and stopped communicating with him. We’re pretty sure he’s screwed on this one, but does anyone have any good advice for what he can do next?

This article from The Consumerist 25 April 2008
Read more of this article at The Consumerist site.