e-Bay purchasing Pay Pal outright

[Buck]

Just caught this story this morning.

Interesting, e-Bay says they will drop the processing for gambling sites, which represent 15% of PayPal's total revenues. Too risky long-term, apparently.

Wonder what changes we'll see at PayPal, if any.
Click here for article (http://www.startribune.com/stories/535/3043985.html)

[kitchin]

They freeze your funds but give you a beenie baby to hold onto.

[Deb]

EBay would close its own similar service, eBay Payments by Billpoint, which was later to the game and hasn't proved as popular as PayPal; more eBay sellers accept funds through PayPal than through Billpoint.
... http://orlandosentinal.com/business/sns-ap-ebay-paypal0708jul08.story?coll=orl%2Dhome%2Dheadlines I feel for those that chose to use Billpoint instead of PayPal :( I also wonder how much the rates will go up? Last but not least, I of course hope Ebay improves the PayPal services and that the merging of fraud protection routines brings the best of the two together rather than the worst.

Time will tell.

Deb
- Bigger Fish < Big Fish

[Andilinks]

...brings the best of the two together rather than the worst. I am hopeful that it will, I think it's a good pairing. I'm not usually a fan of mergers and acquisitions, but this can work. IMHO

Andi

[jeep]

Weird. I was just getting into Billpoint which I prefer over PayPal - it's simpler. And now Billpoint is going the way of the Dodo.

Ah well.

Jason