eBay’s board of directors this week urged shareholders to reject Carl Icahn’s plan to spin off PayPal as a separate company. “Our shareholders and our customers are best served by keeping PayPal and eBay together,” the board said in a letter to investors. “No other payments competitor has achieved PayPal’s success — because no other competitor has had a commerce platform like eBay.” The board cited a few core reasons — among them that eBay accelerates PayPal’s growth and success, and sharing data results in more profitable growth.
Paypal is one of the best option to do internal transaction to be as payment gateway include excellent service. It help more for ecommerce website to provide best service for their customers.
I don't know how you are using PayPal and what you are comparing there charges to. I can only add my two cents worth as a Canadian merchant that started using PayPal several years ago as our credit card payment processor for our E-commerce websites. We not only achieved significant savings on processing fees for credit card transactions we also saved a lot of time on bookkeeping as their statements are simple and straight forward compared to what we were receiving from our bank. Concerning exchange rates, I compare them from time to time with my bank and they have always been better. I don't know how things work on E-Bay but as a payments processor I am happy with their service.
Paypal is in all reality a global bank which straddles every frontier on the planet. Not only are they regulated only by their own business interests, but they impose their own set of rules and regulations to your money and you have absolutely no recourse, no appeal process, no hope in hell, when they decide to take your money away from you, as is happening more and more.
It's not enough for the Paypal/Ebay conglomerate to milk users of outlandish fees which when tallied up especially in foreign currency conversion transactions can exceed 10% of the total sale. They have to carry on their business based on a platform whereby they exercise ultimate power over your money, and that is clearly unacceptable. The argument that you can deal with a competitor is the same monopolistic talk we've heard from Microsoft for decades. There is no effective competitor as you either deal with Paypal/Ebay or you are stuck with junior league fudge factories.
That's why it's time that Paypal/Ebay be split up, just like Ma Bell was turned into lots of Baby Bells a couple of decades ago. Let them compete in the open marketplace and offer reasonable fees and considerate customer treatment. In April 2008, eBay and Paypal (which in 2002 became a wholly-owned subsidiary of eBay) began to hold buyer payments from sellers in order to implement a 21-hold policy on funds. This hold was also placed for sales where it is clearly stated in the auction listings that (especially for custom and made-to-order items) shipping is within a certain (but not immediate) time frame.
Not only are sellers, who state their selling parameters clearly within their listings, being penalized for not having "ship same day" items, but Paypal stands to profit from interest on funds that do not belong to them.
For at-home, small business owners, this unscrupulous practice by both eBay and Paypal (which are one in the same) is an economic hardship. Sellers are expected to ship items to buyers without, essentially, being paid for their items. The buyer has their items long before (up to 21 days) a seller receives payment. During this time, selling and store fees accrue by eBay and expect to be paid even when the seller's fees are tied up. If tied to a Paypal account, eBay will still initiate a withdrawal, which instead of coming from an available Paypal balance will now come from personal funds (checking account or credit card).
eBay has initiated "options" to avoid the holds, which, again for custom-work sellers, does not work. For others, it requires the purchase and printing of UPS and USPS labels and postage via the internet and personal printers to prove shipping, which is not only time consuming but expensive and environmentally wasteful.
Clearly, eBay and Paypal are preying on the small business owner to earn interest on funds that do not belong to them, in order to cover their own losses in an economic downturn.
Because eBay and Paypal and subsidiaries, they can apparently make up their own rules that are not (and would not) be practiced between any other merchandise and banking venue.
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eBay Board Pumps Up Volume in PayPal Clash
Posted by: Kris Holt March 27, 2014 09:25 AMeBay’s board of directors this week urged shareholders to reject Carl Icahn’s plan to spin off PayPal as a separate company. “Our shareholders and our customers are best served by keeping PayPal and eBay together,” the board said in a letter to investors. “No other payments competitor has achieved PayPal’s success — because no other competitor has had a commerce platform like eBay.” The board cited a few core reasons — among them that eBay accelerates PayPal’s growth and success, and sharing data results in more profitable growth.
It's not enough for the Paypal/Ebay conglomerate to milk users of outlandish fees which when tallied up especially in foreign currency conversion transactions can exceed 10% of the total sale. They have to carry on their business based on a platform whereby they exercise ultimate power over your money, and that is clearly unacceptable. The argument that you can deal with a competitor is the same monopolistic talk we've heard from Microsoft for decades. There is no effective competitor as you either deal with Paypal/Ebay or you are stuck with junior league fudge factories.
That's why it's time that Paypal/Ebay be split up, just like Ma Bell was turned into lots of Baby Bells a couple of decades ago. Let them compete in the open marketplace and offer reasonable fees and considerate customer treatment. In April 2008, eBay and Paypal (which in 2002 became a wholly-owned subsidiary of eBay) began to hold buyer payments from sellers in order to implement a 21-hold policy on funds. This hold was also placed for sales where it is clearly stated in the auction listings that (especially for custom and made-to-order items) shipping is within a certain (but not immediate) time frame.
Not only are sellers, who state their selling parameters clearly within their listings, being penalized for not having "ship same day" items, but Paypal stands to profit from interest on funds that do not belong to them.
For at-home, small business owners, this unscrupulous practice by both eBay and Paypal (which are one in the same) is an economic hardship. Sellers are expected to ship items to buyers without, essentially, being paid for their items. The buyer has their items long before (up to 21 days) a seller receives payment. During this time, selling and store fees accrue by eBay and expect to be paid even when the seller's fees are tied up. If tied to a Paypal account, eBay will still initiate a withdrawal, which instead of coming from an available Paypal balance will now come from personal funds (checking account or credit card).
eBay has initiated "options" to avoid the holds, which, again for custom-work sellers, does not work. For others, it requires the purchase and printing of UPS and USPS labels and postage via the internet and personal printers to prove shipping, which is not only time consuming but expensive and environmentally wasteful.
Clearly, eBay and Paypal are preying on the small business owner to earn interest on funds that do not belong to them, in order to cover their own losses in an economic downturn.
Because eBay and Paypal and subsidiaries, they can apparently make up their own rules that are not (and would not) be practiced between any other merchandise and banking venue.