What do you think of E bay Managed Payments ?

[craigcliff1]

Ebay is making me join this, what does anyone think of it. This was first I knew about it. thanks

[nbr3bagshotrow]

Ebay is getting rid of using Paypal and setting up their own payment system. Pretty much will have to agree if you want to sell on ebay.

[craigcliff1]

Thanks. what do you think about it

[pdenham]

Originally Posted by nbr3bagshotrow

Ebay is getting rid of using Paypal and setting up their own payment system. Pretty much will have to agree if you want to sell on ebay.

Great

[BMW///M3]

Originally Posted by nbr3bagshotrow

Ebay is getting rid of using Paypal and setting up their own payment system. Pretty much will have to agree if you want to sell on ebay.

Its funny that Ebay now is trying to get rid of PayPal after they made them so famous and rich.

[built2shred]

I thought at one point eBay owned Paypal and then sold it off, now it looks like they're screwing over the people they sold it to and are creating another one

[nbr3bagshotrow]

Originally Posted by built2shred

I thought at one point eBay owned Paypal and then sold it off, now it looks like they're screwing over the people they sold it to and are creating another one

Yes at one point eBay did own PayPal. eBay saw the percentage PayPal was getting and wants that. So they are making their own pay system

[nbr3bagshotrow]

Why are the two companies breaking up?

In a release on Friday, John Donahoe, president and CEO of eBay, said it no longer made economic sense for the two to be tied together. “eBay and PayPal are two great, special businesses,” he said. “As separate, independent companies, eBay, led by Devin Wenig, and PayPal, led by Dan Schulman, will each have a sharper focus and greater flexibility to pursue future success in their respective global commerce and payments markets. I am confident that eBay and PayPal each have the right leadership team, strategy, structure and operational discipline to create sustainable, long-term value for stockholders and deliver great opportunities and experiences for customers worldwide.”

Sounds like a silly question, but why was PayPal ever part of eBay?

EBay, which acquired PayPal for $1.5 billion in 2002, originally pitched the deal as a way for eBay to boost PayPal transactions by driving buyers and sellers toward the payment service. But beyond that, there seemed to be few synergies.

[mmk123]

so will a person no longer be able to purchase items on eBay and pay with PayPal any more? Or if you are selling something on eBay will the funds no longer go through PayPal?

[craigcliff1]

I don't know I read up on it and have no idea