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.
Ebay Members to Seek Recourse Through the Courts
“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.
eBay backs down on forced PayPal payment plan
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.
Confusion sets in over eBay payment policy
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.
Clerical error exposes Google as anonymous eBay critic
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.
For PayPal, it is only the beginning
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.
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