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Ebay buys PayPal

Posted by CmdrTaco on from the i-think-ebaby.com-should-sell-children dept.

mdahlman was among several readers who submitted the story that eBay has bought Paypal in a deal worth $1.5B in stock. The article is mostly numbers and money related stuff, but it also briefly mentions some of the controversy surrounding eBay.

4 of 181 comments (clear)

  1. More info... by scrm · · Score: 3, Informative

    ... here and here.

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    ---- scrm
  2. eBay is not the News-Wels Fargo is! by linuxislandsucks · · Score: 3, Informative

    You guys missed it..sure eBay got PayPal all of it..

    But look at who partnered with PayPal and invested in Paypal before the eBay transaction..

    Wells Fargo..

    PayPal is going to be pushed as the online pay site for all online transactions by Wells fargo..

    eBay just wants to make sure they have a full handled on that leader..

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    Don't Tread on OpenSource
  3. Official answer from eBay on Billpoint and more... by wideangle · · Score: 4, Informative

    What will happen to eBay Payments (Billpoint) users?

    "eBay Payments (Billpoint) will continue to function as a provider of online payment services until the acquisition is finalized around year-end 2002. At that time we plan to phase out eBay Payments (Billpoint) as we integrate PayPal into our platform. Since a majority of eBay Payments (Billpoint) users already use PayPal too, the transition will be quite simple for them. For eBay Payments (Billpoint) users who have never used PayPal, we will work closely with them to make sure that the transition happens in the most user-friendly way possible."

    FAQ
    Original announcement
    Discussion #1
    Discussion #2

  4. Re:Yeah, I agree... BUT... by Anonymous Coward · · Score: 3, Informative

    I hate Paypal. I will never give checking account or bank account info away.

    It's too bad people are stupid. If nobody would agree to give their bank account information out then paypal would be forced to go bankrupt or change their policy.

    Paypal is not FDIC insured and has already had incidents where bank account information was leaked and customers suffered without any recourse.