eBay Is Dumping PayPal For Dutch Rival Adyen (cnn.com)

schwit1 shares a report from CNN: EBay, one of the world's biggest online marketplaces, announced Wednesday that it's dropping PayPal as its main partner for processing payments in favor of Dutch company Adyen. In 2002, eBay paid $1.5 billion to buy PayPal, an online payments company whose founders include Silicon Valley heavyweights Elon Musk and Peter Thiel. It proved to be a very successful investment. When eBay spun off PayPal in 2015 -- something investors and analysts had urged it to do -- the payments company's market value was close to $50 billion. It's now above $100 billion. Based in Amsterdam, Adyen already works with other big tech companies including Uber and Netflix. It says it handles more than 200 different payment methods and over 150 currencies. The shift will start gradually in North America later this year and eBay expects most marketplace customers around the world to be using the new system in 2021.

Comments

errrr no

[Anonymous Coward]

I'd want to switch to some payment service I've never heard of and don't trust...... why?

Re:errrr no

[Anonymous Coward]

I'd want to switch to some payment service I've never heard of and don't trust

You don't, eBay does. And you will still have Paypal as an option.

Re:errrr no

[AHuxley]

AC the "why" is in the payments from gift cards, other payment systems.
Why accept CC when lots of people may want or can only use a gift card. The ability to work with a network of gift cards globally open up the gift card, bank payments, e-commerce payment systems and the CC market.
More nations, more banks, more gift cards, new payment systems.

Re:errrr no

[beelsebob]

The why is simple - the flow for paying with PayPal is terrible. It involves logging in multiple times to multiple different services, being bounced off eBays web page, to pay pal's web page, all kinds of crazy shit going on. This lets ebay just have a sane payments form like every other eCommerce site ever.

Re:errrr no

[JaredOfEuropa]

What’s so terrible about paying with PayPal compared to any other method that doesn’t involve trusting the merchant enough to receive your credit card details?

Re:errrr no

[I'm New Around Here]

I buy stuff on eBay. I click on the button to pay. I get a page that has my information on it. I either click pay, or choose which card/account I want to use for that item, and then click pay.

It is no harder than any other site with a shopping cart.

Re:errrr no

[Anonymous Coward]

The why is simple - the flow for paying with PayPal is terrible. It involves logging in multiple times to multiple different services, being bounced off eBays web page, to pay pal's web page, all kinds of crazy shit going on. This lets ebay just have a sane payments form like every other eCommerce site ever.

It hasn't been that way for some time, every item I bought last week didn't require me to then go log into PayPal, I selected it as the option then clicked pay and I was done.

Re:errrr no

[ZipK]

It hasn't been that way for some time, every item I bought last week didn't require me to then go log into PayPal, I selected it as the option then clicked pay and I was done.

Most likely you previously clicked the option that obviating the need to log in to PayPal from then on. That features has been available for several years.

Re:errrr no

[cascadingstylesheet]

The why is simple - the flow for paying with PayPal is terrible. It involves logging in multiple times to multiple different services, being bounced off eBays web page, to pay pal's web page, all kinds of crazy shit going on. This lets ebay just have a sane payments form like every other eCommerce site ever.

The "crazy" flow is the whole point.

Instead of trusting every retailer on the internet with your "secret numbers" (plus the super secret number on the back of the card! lol), you just bounce to PayPal, and log in there with your - wait for it - PayPal secrets, on PayPal's own site. Then bounce back to the retailer to complete the transaction.

All you've authorized is the one transaction you are doing right now, and the retailer never gets your secrets that would allow them to charge your account anytime they want for as much as they want. Like they would get if you use a credit card.

A few seconds thought and even non-technical people can see how this is more secure, much more secure.

Re: errrr no

[Anonymous Coward]

It had been so for a long while to make the Paypal bad reputation. Compared to escrow or alipay it was always more involved.

Re:errrr no

[Bert64]

Not so long ago ebay was forcing you to use paypal, and penalising you for using anything else...
You used to be able to accept cash or bank transfers, or charge extra to cover fees if a buyer wants to use paypal

Re:errrr no

[Bert64]

Yes the very notion of a credit card is pretty ridiculous, it's a pull method of payment instead of push, and its the reason why cards are not accepted or issued in many parts of the world with high crime rates.

But then why do you need the paypal middleman? The merchant could simply supply you with their (Receive-only) bank account number, and you can transfer directly from your own bank. The only reason services like paypal exist are because bank transfers are typically stupidly overpriced, often far too slow and the banks tend to make them too convoluted to perform.

Re:errrr no

[Anonymous Coward]

Not so long ago ebay was forcing you to use paypal,

Because eBay and Paypal were effectively the same company. They split in 2015, and as part of that split they had an operational agreement that eBay would process at least 80% of its payments via Paypal (see https://www.finextra.com/newsa...).

Now that eBay is becoming a true free elf, they are looking to cut costs by using another payment processor.

Re:errrr no

[Anonymous Coward]

Push would be crazy. You'd have people pushing the wrong amounts both before and after they bought things and then it becomes a nightmare to untangle your orders and handle refunds.

Re:errrr no

[eclectro]

The horror stories surrounding paypal are legion (search for Paypal warning - there could be some old slashdot posts around too). I still hold my breath when doing a transaction with them. They found ways to hold up sellers' money countless times and it would often just disappear. I even felt guilty using Paypal just knowing their sordid past.

This is a smart move by ebay and you can bet there are boatloads of people who are ready to jump ship.

There really seems to be a lot of karma in this, and don't forget that everyone's hero Elon Musk made his money from "horrible" Paypal.

Re:errrr no

[thePsychologist]

I don't understand your experience.

When I buy something on eBay or anywere else using Paypal, I just click 'buy with Paypal'. I log in once, click 'confirm payment' or whatever it's called, and then it takes me back to the shopping page.

Seems pretty easy to me. Used it for at least three dozen transactions in the past year.

Re:errrr no

[mysidia]

Push would be crazy. You'd have people pushing the wrong amounts both before and after they bought things

Authorization should be part of the protocol. The merchant's computer won't authorize a push for the wrong amount, and the customer-specific Push Account ID from the QR code would be ephemeral, so it could no longer be pushed to after the transaction.

Re:errrr no

[Racemaniac]

Then try it if you don't want to have a paypal account.
Recently i bought something off a site that only had paypal as paying option, i no longer have an account (nor do i wish to).
However, the link i got only let me pay if i'd create an account... after realizing there was this "sign-up" mention in the url, i tried removing that part/replacing it with something obvious, and only then i could just pay with my CC without first having to create an account.
Not sure why/how often that shit happens, but when paypal even makes it possible to have such links, the sooner they get replaced, the better.

Re:errrr no

[temcat]

Which exactly part of the payment URL did you replace and with what? Recently, I was unable to pay for a product using PayPal without logging in (even though the store was saying it WAS possible) and was so annoyed that I chose another payment method that was more expensive but bullshit-free.

Re:errrr no

[TheRaven64]

This is basically how Apple Pay works and how credit cards with chips work for in-person payments. The merchant provides the amount and the recipient. The card (or iOS device) provides an HMAC that authorises this single payment. The code is sent to the bank, who then authorises the transaction. I believe that Google Pay works the same way since the rewrite (though Apple's version stores the keys in memory that is readable only by the secure element and does the EMV handshake on the secure element, whereas Google stores the keys in protected storage on phones that support it but does the EMV handshake on the application processor allowing a compromised OS to steal it).

Some US banks provide an ad-hoc version of this, where you can generate a credit card number that's valid for a short period and only for a single transaction of a fixed amount, but I've never seen one with a UI that doesn't suck.

Re:errrr no

[Anonymous Coward]

looks like i dodged the bullet there. I have been offered an interview with them a few times...

Re:errrr no

[Anonymous Coward]

I'd want to switch to some payment service I've never heard of and don't trust...... why?

As if you trust PayPal?!?!?!

Re:errrr no

[I'm New Around Here]

Well, to be clear, I do have a Paypal account, just for buying or selling stuff on Ebay. I don't think I've used it for anything else. Had it before they merged, consolidated when they merged, and haven't noticed any change since they split. As I said, I buy something, click the payment button, and click once or twice to finalize it with my Paypal account, usually pulling money from my bank account or debit card.

I don't keep money in Paypal. When I sell items, usually Magic the Gathering cards, once the sales are done and paid I move the money to my bank account. Of course Paypal takes their cut, but so would a credit card. I have never had an issue with them, but I am not a high volume buyer or seller.

Re:errrr no

[thegarbz]

I'd want to switch to some payment service I've never heard of and don't trust...... why?

Everything at some point in your life is something you've never heard of, including Paypal.

Now the real question is do you want to research, learn about and subsequently trust a large company headquartered in a state with strict banking laws, that offers multiple banking services including credit cards, debit cards, and online payments, and is subject to some pretty sane laws....

or... do you stick with Paypal, a US company for all intents and purposes except for legal intents and purposes where it instead decided to be headquartered in Luxembourg for the sole purpose of dodging those pesky banking regulations.

I've heard of Paypal: http://www.paypalsucks.com/ In comparison a company which I don't know or trust would be a welcome change.

Re:errrr no

[thegarbz]

Oh you buy stuff. No wonder you're okay with Paypal. It's just not as fun if you get paid, or refund something, or collect donations, or have your account frozen because it is March and the moon is currently in Pisces indicating bad Paypal luck for all Capricorns this month.

Re:errrr no

[Anonymous Coward]

PayPal has plenty of issues, but the big news here isn't the change in payment processing company but the change in process. It's not clear what the final version will look like, but eBay's desire seems to be to position themselves as an intermediary in the payment process, having buyers pay them instead of the sellers and then releasing the money to the sellers later, potentially long after the sale. eBay makes money on the funds in the interim and sellers have their revenue stream disrupted. There's no way this ends up working out better for sellers, it's the next step in the Amazonification of eBay.

Re:errrr no

[coofercat]

Atrocious customer service? Paypal is great until it isn't - and when it isn't, it's an absolute abomination - it's far, far too hard to do things like remove an old card from your account, or unlock a card after they've decided it's 'locked' or any number of other things. I've never used them to collect money for me, but I'm told it's a risky business with them randomly freezing accounts and whatnot with little option to appeal or even work with them to solve the issue at hand.

As for 'trusting the merchant', you almost never do - only the big merchants work this way, everyone else sends you off to WorldPay or some such to take the money.

Re:errrr no

[JaredOfEuropa]

Yeah, I've heard the horror stories, especially from merchants getting locked out of their funds. By all accounts their support is terrible. But the service is pretty convenient for making quick payments. It's increasingly being accepted here my online merchants, and I frequently use it to order out for food or buy stuff online. It beats looking up and entering my CC details, or even using the ubiquitous direct debit system all banks here use for online payments (iDeal).

Re:errrr no

[Pascoea]

Wait a sec. I though we were supposed to hate on Paypal around here. I am on Slashdot, right?

Re:errrr no

[afidel]

One of the oldest anti-company sites on the internet is paypalsucks.com

Re:errrr no

[hazardPPP]

The only reason services like paypal exist are because bank transfers are typically stupidly overpriced, often far too slow and the banks tend to make them too convoluted to perform.

Yes, in North America (and maybe some other parts of the world, I don't know). In Europe, bank transfers are easy, and in fact, a lot of commerce is done this way...the merchant gives you the bank account number and you pay into it. Merchant doesn't have any of your data (except your name and address, which you fill in when you do the bank transfer - but you could fake that with pretty much no consequence).

Granted, it's not instant like a credit card, it usually takes a day or two for the money to show up on the merchant's account. So maybe not great for things you want access to instantly (like an online subscription), but OK for things that in any case require processing time (like something that you buy online that will anyway arrive 5, 7, 10, 30 days later).

International payments are also easy, thanks to IBANs (international bank account numbers) which contain all the necessary information in a single string of letters and digits (North American banks, for some reason, do not use the IBAN system).

Processing fees for domestic transfers are not very high (not bigger than the processing fees credit cards charge - except you don't see those, as they are rolled into the price). International fees could be quite a bit lower (however, your credit card also charges currency conversion fees...not always explicitly, but via the exchange rate).

At any rate, in Europe, the default way of paying lots of things (rent, utility bills, monthly insurance premiums, etc. etc.) is paying straight into the merchant's/service provider's account. Before the advent of online payments, everyone would get pre-filled payment slips in the mail (now in most places you can opt out of this, and go completely electronic) - payment slips use a standardised form btw - and you take these to any bank (or in many countries, also the post office) and pay at the counter. If that also happens to be your bank, they can deduct the money from your account. Everywhere you can pay with cash (and at most places nowadays, debit or credit card as well). The bank charges a fee for this transaction (usually around 1%, with a minumum and maximum fee cap, i.e. they won't actually charge 1% on a $1000 payment, but less, but neither on a $1 payment, but more). When you log into your internet banking, the interface usually presents itself in the shape of the standardized payment slip, so that you can just copy the information easily. Online merchants will, if you select bank transfer as the method of payment, often generate a payment slip for you in PDF, that you can either print (to pay in person at the bank) or just copy the information into your internet banking form.

Re:errrr no

[lsatenstein]

Only if Paypal transferred you payment less commission to the vendor on time. Not 60 days later. When we used Paypal years ago, we had to deposit an amount above the selling price. The payment was made with the remainder on deposit for the subsequent purchase. That meant that they had that amount on deposit. We could not determine how to retrieve that overpayment. I don't know if that is still the case. It was about $10 dollars.

Re:errrr no

[Anonymous Coward]

adyen

Sounds like a startup wanted a short domain name and since most names have been "cybersquatted" they had to make do with really random letters put together.

Re: errrr no

[Anonymous Coward]

Yesterday, I removed my old card, added a new one, and changed my address and phone numbers, all in one sitting. The only thing I left was my bank account. I seem to remember this being difficult in the past, but it does not appear to be the case now. Their web page is still a bit of a mess (let's find authorized autopay in a few clicks), but it works and has improved.

Whatever could be driving this?

[Anonymous Coward]

Step 1. Make Adyen even more popular.
Step 2. Buy Adyen.
Step 3. ?????
Step 4. Sell Adyen at a massive profit.

Re:Whatever could be driving this?

[slazzy]

No, Step 1 was probably signing a secret contract giving them the right to by Adyen at fixed price...

Re:Whatever could be driving this?

[TheRaven64]

Seems like steps 1 and 2 are in the wrong order. eBay bought PayPal when they were quite popular, made them the standard payment processor for one of the largest online stores, and then sold them when they had increased their value significantly. Doing things that increase a company's value before you buy them is not a great way of making money.

PayPal won't go easy...

[bobbied]

I'm just guessing here, but E-Bay will have a hard time flushing PayPal any time soon. I'm pretty sure PayPal and their customers from E-Bay will have something to say about this.

Re:PayPal won't go easy...

[Anonymous Coward]

If it is any more of hassle to set up accounts with Adyen than it is Paypal, Ebay sellers will have a collective shitfit, even if it IS cheaper in the long run.
But given their services, it'll likely be easy to do.

From what I know, Adyen will be integrated directly in to Ebay more so than Paypal is.
Paypal was always this sort of separate thing. This will be embedded right in the site.
This is both good and bad, good because less fees and more cohesive interface, bad because it will mean people will require using multiple accounts for different payment systems across the web which puts a lot of people off. Paypal is accepted in so many places. I've never seen Adyen anywhere.
That's going to be a hard sell for the average seller. (AND buyer!)

All I care about is buying my damn latex dresses. If it gets in the way of that, I'm gone.

Re:PayPal won't go easy...

[I'm New Around Here]

Paypal used to be more integrated than it is now. Until ebay sold them off. But even now, it takes me two or three clicks to buy something on ebay. Easy enough for me to not want to switch.

Re:PayPal won't go easy...

[nwf]

I'm a customer, and I hate PayPal. It's worthless. Any idiot can accept credit and debit cards directly for lower fees than PayPal. With Square Cash and Apple Pay Cash, there's no reason to use PayPal to send people cash. Their policies are anti-consumer and they randomly take people's money citing some policy you are violating.

I verified my account by linking it to a savings account, which I then closed. Good luck taking my money. Even better luck when I can completely cancel my account and pay for stuff like the rest of the web has been for 20 years.

Re:PayPal won't go easy...

[Anonymous Coward]

You'll still be able to use PayPal, but the payments will go to eBay instead of the seller.

Good news

[AmiMoJo]

PayPal is just awful. High fees, crap service, tax dodging and the dispute resolution is a joke.

These new guys can't be any worse.... Can they?

Re:Good news

[mark-t]

"Better the devil you know....." springs to mind immediately.

Re:Good news

[AmiMoJo]

No one really knows PayPal. Their ToS are some of the longest and most unreadable in the world, and change often.

Re:Good news

[bobbied]

I've never had an issue with PayPal's service... The fees are a bit higher than simple credit card processors, but not that bad considering you don't have to do any of the setup work to take credit cards with PayPal. Sure, if you are a retailer processing lots of credit card purchases you'd be better of with somebody else, but if you do one or two transactions now and then, PayPal is fine.

I find the dispute resolution part of PayPal works just fine, but you have to follow the process for shipping and insurance and demand the other party does too.

I do probably 10-20 transactions a year, both buying and selling on E-Bay and other places using PayPal and I've never had an issue with PayPal as a service, though I've had issues with buyers and sellers who where trying to use PayPal and didn't know what they where doing.

I haven't a clue what you mean by Tax Dodging....

Re:Good news

[AmiMoJo]

For example, a common issue with dispute resolution is return postage. PayPal makes it difficult to give a greater than 100% refund, as legally required when the product is faulty.

Another issue is that you can only ever open one dispute per transaction. So say the item is broken, they send you a new one and the dispute is automatically closed by the tracking number saying you have it. If breaks too or is fake or has any issue at all you can't start a new dispute. Thus the only option is to always request a full refund the first time, but you might not get it.

More over, the whole system is designed to prevent you involving any of PayPal's staff in the process. It's very hard to get things reviewed.

Re:Good news

[Anonymous Coward]

Uber, one of the scummiest start-ups in the world, uses them so by that fact alone I already don't trust Adyen. Though that could also be a plus if Adyen doesn't push their values onto their customers. So maybe good maybe bad.

But they accept gift cards. Expect within a year of the change gift cards will require your name and date of birth before you can purchase them. You'll also need to note who they're for so that your purchase (and expected gift target) can be correctly reported to the IRS.

Expect Paypal to do something. I don't know what, but eBay brings in billions and most of that was through Paypal. They're not going to like this.

Re:Good news

[mysidia]

For example, a common issue with dispute resolution is return postage. PayPal makes it difficult to give a greater than 100% refund, as legally required when the product is faulty.

Well, returning 100% is a full refund. "Give a refund greater than 100%" is nonsensical.

The warranty policy regarding return postage by most manufacturers and online retailers is -- customer is responsible for all postage in both directions for returns and exchanges. In rare cases, a retailer will offer the customer a prepaid return shipping label, in case there was actually an error that was their responsibility such as sending the wrong product --- and not just a routine warranty claim for a defective or non-functioning device or an exchange.

Re:Good news

[LubosD]

Yes, they could. I once received some money into my account at AlertPay. I didn't need the money at that time, so I left them there.

I came looking for them later and the account was empty. I learned that they introduced a new provision in their TOS that says "if you don't access your money for some time, we'll take all of them away". So I ended up with zilch.

So yes, it could always get worse.

Re:Good news

[Anonymous Coward]

The warranty policy regarding return postage by most manufacturers and online retailers is -- customer is responsible for all postage in both directions for returns and exchanges.

Not in the EU, for a faulty item. The retailer is then responsible.

Re:Good news

[AmiMoJo]

In Europe the principal is that the buyer should not be out of pocket if the item is faulty, therefore the seller pays return postage. In practice on cheap items the seller usually says throw it away.

Re:Good news

[Bert64]

They place far too much reliance on the tracking information too...
If the tracking says "delivered" then they won't ever refund you. I've had a package where the tracking said it was delivered but i had no trace of it, and noone had ever come to my door on the stated days (based on cctv evidence as well as being physically home at the time).

Turns out the guy tried to deliver it to the house next door, which at the time was empty. I only found out about it several months later when someone moved in and noticed a card with my name/address on it, and a completely ruined weather beaten package left behind his garden gate. By that time i had already tried to use paypal's resolution process, tried to contact the courier and ended up having to file a dispute with my card issuer to get refunded.

Paypal (and ebay) also try to make the buyer pay for return shipping (with tracking, which increases the price significantly), but this is against the law in many european countries where the seller must pay for all costs in cases where the goods are faulty or otherwise not as advertised.

Some sellers also ship from one country, but list their return address in a different one - paypal will only process your claim if you send the item to the registered address which might be prohibitively expensive. I've had cases where the cost of returning the goods exceeds the value of the items.

And finally, you as a buyer can also abuse the system, your claim will be automatically refunded once you submit tracking information - so buy something expensive, file a dispute, and ship a small empty box back to the seller (with tracking). Once it arrives you'll get refunded and the seller has no recourse to complain about *what* you sent back.

Re:Good news

[Anonymous Coward]

The Dutch were the originators of the modern concept of incorporation. What could possibly go wrong in an era of global corporate fascism?

Re:Good news

[thegarbz]

I've never had an issue with PayPal's service...

I have. Heck at one point my bank specifically refused to work with Paypal because of their legal skirting of banking laws. When paying for a product it works well, just don't ever use it to receive money. It has varied between not transferring my money into my bank, to sitting on my funds for 3 months for no reason when I raised an ebay dispute for an item that never arrived from a dodgy seller that suddenly accumulated a lot of negative feedback.

The irony of that not going well is that they are widely known to be heavily biased towards buyers over sellers. Stick a round in a revolver, spin the barrel, take aim at your wallet and pull the trigger. The outcome is better than receiving money through paypal.

Re:Good news

[Anonymous Coward]

A clever liar wins the dispute resolution, and there's no way to challenge the decision. If you have to dispute something, get it right first time with as much proof as possible. Even then, you'll sometimes come up against a dick who'll claim that they resolved the issue with you by phone. Make sure you use a credit card for any large value payments because you'll have a second (and better) dispute resolution process to fall back on.

Re:Dump Moscow Donald

[Anonymous Coward]

Uncle Bernie, silly! Under him, everything would be FREE!

Re:Dump Moscow Donald

[Anonymous Coward]

Hillary is a loyal American, despite the Republican and Russia propaganda campaigns that have smeared her for years. But it doesn't have to be Hillary.

It's hard to believe Mike Pence wasn't caught up in the Trump / Russia treason during the transition giving that he was in charge of the transition.

All of the Republican party is committing obstruction of Justice to cover up Russia's continuing attacks on our country, so preferably not one of those traitors.

I say we just go down the line until we find someone in the majority who isn't a traitor. By the time we get to Speaker of the House hopefully there will be a loyal American in that position.

Re:Dump Moscow Donald

[Anonymous Coward]

We did pick someone who isn't a traitor. Hopefully he fires the ones who are.

Elon Musk

[Anonymous Coward]

Can the media stop declaring that Elon Musk had anything major to do with Paypal? He was there briefly because they merged in his company, and he was forced out after trying to migrate their tech platform to Windows NT.

Huh?

[dohzer]

Wait... so eBay owns PayPal, but is going to stop using it? Huh?

Re:Huh?

[Anonymous Coward]

eBay and PayPal separated about 3 years ago. They are completely unrelated companies now. The only business between them was a (public) 5-year operating agreement to keep Paypal as the primary option. That expires June of 2020. The agreement allows a small percentage of transactions to be processed outside Paypal in 2018 and 2019 (obviously to allow time for development of an alternative).

Source: eBay employee, but not of privileged information. The above was all made public during the public earnings call this week.

Re:Huh?

[Anonymous Coward]

"When eBay spun off PayPal in 2015 "

Re:Huh?

[Anonymous Coward]

Comments like this are what happens when people don't even RTFS, let alone RTFA.

Re:Huh?

[I'm New Around Here]

That's nothing. Sometimes people don't even R.

Re:Huh?

[Xenolith0]

I know who didn't read the summary.

Re:Huh?

[Anonymous Coward]

And you are on /. so you don't F either.

eBay roadmap is clear

[Parker Lewis]

Then eBay will buy Adyen for $1.5 billion and sell it later for $50 billion.

Re:eBay roadmap is clear

[CaptainDork]

And eBay will buy both.

Re:eBay roadmap is clear

[Anonymous Coward]

Adyen was valued at 2.2 billion during the most recent investments. They expect to be valued at at least 6 billion when they do their IPO, rumoured to be this year. I don't think they will sell to eBay for pennies on the dollar.

Re:eBay roadmap is clear

[Excelcia]

Fair enough, but why would they want to buy it in the first place? They bought PayPal only to spin it off and now dump it. How does that make sense, and how would it make sense to try to do it over again?

Re:eBay roadmap is clear

[bobbied]

Adyen was valued at 2.2 billion during the most recent investments. They expect to be valued at at least 6 billion when they do their IPO, rumoured to be this year. I don't think they will sell to eBay for pennies on the dollar.

I say we hold an auction! Anybody know a website for that?

Re:eBay roadmap is clear

[Obfuscant]

And eBay will buy both.

Will they pay using PayPal or Ayden?

I've had no problem with PayPal, EXCEPT when they demanded access to my bank account because I'd successfully bought more then $10,000 of stuff through them. They actually told me that because I'd bought that much stuff and paid for it on-time and without issues using a credit card, I must prove my credit worthiness to them by giving them direct access to my bank account, which they must prove works by actually charging me something.

Fortunately I had an old almost unused credit union account from my old credit union that I could give them. It had all of $5 in it, so no big loss if they stole it all. They haven't so far.

Now I'll have to give the same info to Ayden if I want to keep using eBay? Ummm....

Re:eBay roadmap is clear

[Anonymous Coward]

FYI: They really just wanted to report you to the IRS. The IRS can connect that old account to all of your newer accounts, so they don't care if it only has $5 in it.

Re:eBay roadmap is clear

[Obfuscant]

FYI: They really just wanted to report you to the IRS. The IRS can connect that old account to all of your newer accounts

Report me for what? Making a total of $10,000 in purchases of radio and electronic gear over a 10 year period is illegal? That's nuts. If it is illegal, they better close the "hamfest loophole" (like the "gunshow loophole"), because I've certainly spent more than $10,000 unreported to the IRS at various hamfests around the country. Thirty years of Xenia (nee Dayton) at about $800 per on average means, umm, wow, $24,000 or so.

The IRS can connect my credit card number to me and to all my newer accounts, too, so why would PayPal bother demanding that they be able to debit my bank account for $0.97 for that purpose?

Re:eBay roadmap is clear

[Bert64]

Because they sold it for more than they paid for it? Why wouldn't they want to do the same thing again?

Re:eBay roadmap is clear

[CaptainDork]

Just don't use Bitcoin (BTC).

I read where they are embedding microphones and video cameras into each coin and stuff.

It makes sense, you know.

Bitcoin is digital, audio and video is digital, computers and even eBay is digital, so yeah.

That's all good...

[Anonymous Coward]

... but who in their right mind would change (in the swarms eBay needs) to an unknown payment platform when everyone uses Paypal and is used to have the buyer protection that paypal offers? Unless eBay intends to offer benefits (and I mean monetary benefits) for those who make the jump, it simply don't see it happening... like... ever! And try to press me much with it and I'll just jump ship to aliexpress and never look back at eBay again. Up until now the only thing that kept me with eBay was the ability of paying with paypal (and have buyer protection).

Re:That's all good...

[sonamchauhan]

Simples! Ebay wants to own the relationship with you -- end-to-end. That means storing card details with *them* (ie, on Ebay servers, or their processing partner's servers. Amazon's one-click patent expired last year, so no licensing is involved with repeat one-click purchases).

Anyone suitably PCI-qualified can be Ebay's payment processor. I think the only reason Ebay isn't setting up their own payment processor (like Amazon or Google) are non-compete terms in their agreement with PayPal.

If Ebay keeps benefits to customers the same or better (buyer-protection, fees, one-click purchases), they can play it so customers won't recall, won't miss, won't care about the old Ebay-Paypal relationship.

The partnership with Ayden may simply be a joint venture to get Ayden exposure in the runup to their IPO. I won't be surprised if Ayden is receiving a token amount above their own cost, or even paying Ebay (perhaps in the form of an equity stake).

Re:That's all good...

[Anonymous Coward]

If any other platform would offer the same time of buyer protection and reliability as paypal they would already have done it. Simply it's not viable to have that buyer protection plan and be reliable without asking for a fee to cover those features... any company that advertises has having the same perks as paypal but are cheaper will be lying. The only way a company could go without those fees would be if they were part of another business and absorb the fee themselves as part of doing business (i.e. as when Paypal was part of eBay). The only reason why Paypal doesn't need to have highers fees is scale, something other companies can't claim (only VISA or Mastercard would be able to do so, but we all know they won't, ever).

So... no, not going to happen unless Ayden is bought by eBay and they absorb the cost of buyer protection, or the company lies and eventually goes bankrupt but in the mean time they do offer buyer protection as reliable as Paypal's.

Re:That's all good...

[Anonymous Coward]

eBay will charge slightly lower fees and will get to hold on to the money between the time when the buyer pays and when the item is received (when the funds will be released to the seller), pocketing the accrued interest. PayPal will operate the same way, with buyers sending the money to eBay instead of the seller. The payment processor will be largely invisible to the user, as everything will be done directly through eBay. Seriously, can you name the payment processors for any of the merchants you give credit card info to? It's not like people will have to set up personal accounts with this company, they just give their credit card info to eBay and never even realize that there's another company involved. And eBay laughs all the way to the bank.

Why not both?

[Anonymous Coward]

Why not use both and give users a choice? A big reason the ebay/paypal sucks so hard is that you have no choices. You used to be able to do personal checks and money orders (not that I'm saying we should go back to that, but it was a lot cheaper and simpler most of the time for small time buyers and sellers). I would love to see ebay offer both choices to buys and sellers rather than just repeating the same mistake with a different partner.

Adyen Supports Paypal

[muphin]

Ironically, they accept paypal too :p - https://www.adyen.com/pricing/...

Re: Adyen Supports Paypal

[Anonymous Coward]

Itâ(TM)s all funny money anyhow, so what difference does it make?

Re:Adyen Supports Paypal

[cascadingstylesheet]

Ironically, they accept paypal too :p - https://www.adyen.com/pricing/...

Good - I hate trusting random sites with my payment details.

Re:Adyen Supports Paypal

[Trogre]

So they're a payment aggregator, yes?

Re:Adyen Supports Paypal

[Anonymous Coward]

Their business seems to be to provide an interface to as many payment processing systems as they can.

For instance, in the Netherlands iDeal is highly popular. This is not a payment processing service but a protocol Dutch banks implement. When buying from a web shop the customer chooses to pay with iDeal and chooses its bank. The customer is then redirected to his own bank's website which presents the paymen details. The customer signs the transaction using the 2FA method that bank uses, the web shop gets a confirmation the payment is done and ships the goods.

Dutch web shops often use an intermediary that handles this for them and typically lets the customer choose to pay using iDeal, PayPal or credit card. Adyen seems to be such an intermediary that aims to cover just about everything there is to cover worldwide.

Re:Adyen Supports Paypal

[Teun]

Years ago E-bay bought a successful Dutch company called Marktplaats.
Marktplaats has always accepted iDeal because it is trusted and cheap.
As seller you give your bank account to the buyer who via iDeal pays the sum upon which the seller sends the item.
Very recently Marktplaats and iDeal have expanded their service by enabling the seller to send an iDeal request on which the buyer clicks and enters his/her bank details, neither of the two will see the others' bank details, the price is €0.40 per deal.
They now also offer a service whereby both sides will be guaranteed exchange of goods for money but it will cost another 2% of the sum.

Re:Adyen Supports Paypal

[thegarbz]

Ironically, they accept paypal too :p - https://www.adyen.com/pricing/...

Nothing ironic about it. Adyen is attempting to be a universal money movement service. Paypal is Paypal and you're blessed if it works with your bank, or you may as well get a credit card.

Re:Dump Moscow Donald

[uvajed_ekil]

We did pick someone who isn't a traitor. Hopefully he fires the ones who are.

Great idea, because he has such a great track record for filling important jobs and keeping capable people in place for as long as possible. Maybe by the end of his only term (which means he will go down in history like GHW Bush and Jimmy Carter, LOL) he will have nominated people to fill all the vacancies and he can go back to what he's best at without the distractions in his oval-shaped office - watching TV, playing golf badly, cheating on his wife, sexually assaulting women, and lazily defending his companies that file for bankruptcy.

Re:Dump Moscow Donald

[Anonymous Coward]

My god you're right! What happens when Donald runs out of relatives to give jobs too?

Re:Dump Moscow Donald

[CaptainDork]

Don't you want to be normal?

Don't you want to be well-liked?

Don't you want to join in reindeer games?

Get off your ass and vote and get other people to vote.

If enough people agree with you -- there ya go.

Re:Dump Moscow Donald

[Anonymous Coward]

The Nunes memo revolves around the assertion that Carter Page's collusion with Russia's spy agency should not have been caught by a FISA warrant.

By the time Carter Page was caught committing treason for the Trump campaign, he had already been caught communicating with and offering help to Russian spies in a completely separate spy ring.

In other words, the Trump / Russia collusion was the second time Carter Page has been investigated in connection to Russian spies he was working for.

Interestingly the Russian spies in the first investigation (1 did prison time, 2 fled to Moscow) thought Carter Page was an idiot who craved money. Watch one of his bumbling television appearances where he incriminates himself multiple times while trying to pretend nothing happened. Really quite amazing spectacle, and you have to conclude the Russians are right about this guy...

Re:Dump Moscow Donald

[CaptainDork]

Maybe he can fire Billy Bush.

Donald Trump On Tape: I Grab Women "By The Pussy”

At last

[rl117]

PayPal was the primary reason I didn't use eBay for over 15 years. As well as all the other reasons.

Re:At last

[Anonymous Coward]

Like, you had go outside to visit the Post Office?

Why?

[rsilvergun]

they own PayPal, don't they? What possible benefit could this have?

Re:Why?

[SeaFox]

Have you tried reading the summary? It has interesting information.

Re:Why?

[Anonymous Coward]

Facilitating their customers. Adyen accepts almost 200 payment methods. PayPal only a fraction of those.

And they divested PayPal in 2015 so even that benefit is moot.

Re:Why?

[Anonymous Coward]

It's a bit fucking disappointing that:

a) you don't already know this
b) you couldn't even be bothered reading the summary.

Perhaps spend a little bit more time on your posts, this isn't a contest to see who has the most opinions. I have seen you make good posts before, and I know you aren't an idiot.

Re:Dump Moscow Donald

[Anonymous Coward]

I will swap you Moscow Donald for barely used Moscow Vladimir.
Do we have a deal?

Re: Dump Moscow Donald

[Anonymous Coward]

[Citation Needed]

Re:Dump Moscow Donald

[Anonymous Coward]

And you know about exactly what this memo says because......You've read it? No...

It doesn't matter WHAT Carter Page did or said because he quit in September 2016 , it matters how the FISA warrants where obtained and the justification of that AFTER that. If you claim this was because of Carter Page's previous supposed Russian dealings, then the FISA warrants on Trump and his transition team based on Page's activities are invalid. Also, if the dossier was used in ANY of these investigations (before or after Page quit), it creates a huge problem for the investigation based on where it came from, which was the DNC.

The issue here is how was the dossier used by investigators and why. IF the memo indicates that this whole Trump collusion thing came even partly from that dossier, this means the DNC effectively was able to PAY to cook up bogus fake information and drive multiple investigations from it. I suppose it was money well spent, but you've got to see how this is not a good thing. IF the memo shows this connection to the dossier and the investigation, somebody is in deep deep trouble...

How does this new company compare to PayPal?

[jonwil]

Does this new company do any of the scumbag things PayPal is able to get away with but that banks generally can't legally do? Like freezing your account or taking money out of it for no reason?

Yeah, but does Adyen accept Paypal?

[Anonymous Coward]

Sorry, not really trying to have Yet Another Payment Thing unless it ads some serious value.

Re:Dump Moscow Donald

[Anonymous Coward]

Yes. I know what's in the Nunez memo because these traitors can't keep a secret from the American people any better than they can keep secrets from the law enforcement that caught them red handed committing treason.

I love how eager you are to claim that our law enforcement agencies should under no circumstance investigate someone who blatantly commits treason with a hostile foreign adversary that's currently attacking our country because you claim whatever treason may have happened must have stopped like a light switch 2 months before the election. Even when Trump himself was denying Russia's involvement in their hacking and info warfare crimes which he and his campaign colluded with.

The only way I could see someone coming up with your sort of rush to prevent the investigations that have turned up a mountain of treason, is that you support those traitors, and are at least OK with their collusion with Russia's attack on America.

A bit of free advice - Moscow Donald has been caught committing treason in a very public and obvious way. Whining about the heroes in law enforcement who saved our country from its biggest threat in decades isn't going to change that fact.

P.S.
Many parts of the Dossier have been independently confirmed. No major assertions have been disproven. Kinda silly to be hanging on your credibility on claiming that a highly accurate dossier is somehow not legitimate evidence.

I'd actually prefer they do crypto only: 0 fees

[Anonymous Coward]

As much as some people fear crypto it's easily spendable and convertible and doesn't have the insane costs of PayPal and banks (3% exceeds my profit margins on some items I sell that are low margin high cost) and you don't have to worry about fraud. Payments are one-way. Bitcoin fees have come back down although Dash has super low fees, Bitcoin Cash has low fees, and Zen Cash are what I'd like to see people move to because they've solved the privacy/anonymity issue with crypto currencies (actually Zero Coin did that and ZCash and Zen Cash have adopted it, Zero Coin is not a crypto currencies but rather it is the math/protocol/code that gives you the anonymity and the project that developed it and zero knowledge proofs which is basically the math proving it is anonymous/private).

I also get significant discounts when I purchase a variety of items with crypto. I can get as much as 33% off through SaveAtPurse.com and even during the significant drop I haven't lost anything. The increase in value I've gained from greatly too. I've been using it for years as a means of transaction business and not as an "investment". So I've done well, but am not super rich. My investments are what have made me reasonably well off. Though admittedly I would be super rich had I actually held on to all the crypto payments I've received over the years. However that's probably unfair because those payments also mean I wouldn't have made or had said money coming in had I not made my other investments in my business.

Re:I'd actually prefer they do crypto only: 0 fees

[Powercntrl]

eBay will never allow cryptocurrency, because then they wouldn't be able to forcibly refund buyers at any time during their insanely long "180 days" buyer's remorse period. I'm actually surprised eBay has any sellers left at all, after they (eBay) decided their word was final when it came to matters of customer service.

After having to deal with eBay's bullshit one too many times, which included:

1. Scammers somehow using stolen credit cards on PayPal, with the shipping address still showing as confirmed.
2. Overseas scammers buying items, and using a US-based re-shipper - again, with a confirmed delivery address on PayPal.
3. Buyers who don't understand used items do not have a warranty.
4. Buyers remorse from people who couldn't be bothered to read that I don't accept returns (because selling things on eBay once in awhile is supposed to be like a running a garage sale, not Walmart).
5. Getting dinged on shipping speed when the USPS lives up to their reputation for being "snail mail".
6. eBay's 10% cut. Enough said. ...I primarily sell my used stuff on Craigslist, for cash. It's a hassle to deal with lowballers, no-shows, and tire kickers, but I get to keep 100% of my sale. And I never have to worry about spending hours on the phone with eBay/PayPal trying to explain to someone in India that I didn't do anything wrong, and could they please remove the hold on my PayPal funds.

Re:I'd actually prefer they do crypto only: 0 fees

[Bert64]

In some jurisdictions, the law says you *MUST* accept returns if you are selling at a distance (ie online) and/or for a fixed price.

EU payment processors are way cheaper

[davecb]

North American companies used to quote my customers about 3%. EU ones quoted andout 1/2%, but wouldn't or couldn't do business in the US and Canada.

Re:EU payment processors are way cheaper

[hankwang]

1/2%, does that mean "between 1% and 2%" or 0.5% ?

Re:EU payment processors are way cheaper

[davecb]

0.5%: Thanks!

Double Dipping

[future assassin]

now you know why...

Comment removed

[account_deleted]

Comment removed based on user account deletion

Re:Dump Moscow Donald

[Anonymous Coward]

Seriously? So you are SURE The Donald was in Moscow and hired hookers to pee on his bed? Yea, that little tidbit had to be true.

The dossier HAS been show to be rife with inaccurate and made up statements which have been proven false. But one must remember that this was opposition research, which purported to be true, but isn't exactly all true.

But then you miss the whole point here.. The DNC PAID for this to be developed as opposition research, and at least SOME of this "information" came from Russian sources, supposedly intelligence sources within Russia. Isn't that pretty much the same thing your side was accusing Trump's campaign of doing? Getting help from the Russians?

As for the truthfulness of the allegations here, that's Muller's job to find out. However, one would think that with everything so nicely put on paper for Muller, he shouldn't have a problem proving it and filling in the missing pieces. But so far, we've only seen charges of lying to investigators and Manafort's 11 counts of income tax evasion... What gives? If the dossier was true, it should be a slam dunk and over by now, but it's not is it? But then you have the DNC paid for this dossier and it all starts to go sideways both legally and ethically in a hurry. You have an investigation of one party's candidate based on the opposition research paid for by the other party? Yet you seem to be just fine with this thank you... But what if the bulk of the dossier isn't true like the few examples of false statements in it? That's going to be really bad for the DNC and everybody involved...

I'd love to go though the various charges made in the dossier one by one, but most are pretty stupid ones. Trump didn't have anything to do with the DNC getting hacked, neither did the Russians.... But keep living the dream on that one. Personally I think it was an inside job by a Bernie supporter who got steamed, but hey, we won't ever know that I'm sure..

But remember the issue here is that the DNC paid for this dossier.... If it turns out to be manufactured information and contrived conclusions in that dossier that cannot be proven, the DNC took a huge risk when they passed this thing off to the FBI. If you don't catch the Donald in this, the democrats will pay, electorally for a LONG time. I can assure you the Republicans won't let this one go unpunished...If the memo shows that the dossier was a key part of the FISA warrants at some point, or that it drove even the initial investigative work, the DNC will have one hell of a bill come due and the republicans will be there to collect.

IF you happen to prove parts of the dossier true, I ask you, are you wiling to allow one party to pay for investigations of dubious nature of the other party, then pass that information on to the FBI for investigation during a campaign? Especially when that party happens to be in the White House and can appoint the heads of the FBI and Justice Department? Sounds dangerous to me..

Re:Dump Moscow Donald

[Anonymous Coward]

Christopher Steele presented the Dossier to the FBI because he could see that serious crimes were being committed. The FBI took the dossier seriously because the corroborated several parts of it. To this day it's a useful guide a preview of Trump / Russia collusion and related crimes like decades of money laundering for the Russian mafia (which is under Putin's control).

It is actually our duty as Americans (though Steele is a Brit) to report crimes to the FBI, regardless of who paid for information.

When Trump took their collusion with Russian hacking and used it to their advantage rather than reporting it to the FBI that is in itself a serious crime. When Gore received W.'s debate briefing materials he immediately turned it over to the FBI.

So please spare me your whining about the heroes who are stopping the Trump / Russia crime spree in the most difficult circumstances.

Analysts are so smart!

[tjhayes]

Good thing ebay listened to all those genius analysts back in 2015 when they told them to spin off paypal for $50B. If they hadn't listened, and kept hold of paypal instead they'd be able to spin it off today for $100B. Who would ever have wanted to double the value of something you're holding over a 3 year timespan? /sarcasm

Re:Analysts are so smart!

[j-beda]

Good thing ebay listened to all those genius analysts back in 2015 when they told them to spin off paypal for $50B. If they hadn't listened, and kept hold of paypal instead they'd be able to spin it off today for $100B. Who would ever have wanted to double the value of something you're holding over a 3 year timespan? /sarcasm

But would it have sold for $100B if it had spent the last 3 years as a division of eBay? It is hard to say. The market might have only valued it at $50B.

Did eBay sell all of their stock 3 years ago? Maybe they retained a large fraction of that stock which has now doubled in value.

Re:Analysts are so smart!

[Voyager529]

Good thing ebay listened to all those genius analysts back in 2015 when they told them to spin off paypal for $50B. If they hadn't listened, and kept hold of paypal instead they'd be able to spin it off today for $100B. Who would ever have wanted to double the value of something you're holding over a 3 year timespan? /sarcasm

Those analysts knew eBay wouldn't be able to get a hundred bil for Paypal - they don't even use blockchain!

Re:Dump Moscow Donald

[Shogun37]

Scream a lie loud enough, long enough and some one will always think it true.

I read the summary

[rsilvergun]

I read the article too. All it says is Ebay split the company off at the behest of their shareholders. That doesn't preclude them from using them as a payment service. Maybe I'm just being dense (I'm pretty tired) but I still haven't heard an definitive 'why'.

Re:I read the summary

[Anonymous Coward]

I read the article too. All it says is Ebay split the company off at the behest of their shareholders. That doesn't preclude them from using them as a payment service. Maybe I'm just being dense (I'm pretty tired) but I still haven't heard an definitive 'why'.

I think it's that "preclude" bit, as eBay isn't precluding PayPal at all, they are added Adyen along with PayPal.

As for why, PayPal only supports limited payment methods externally, such as Visa/MasterCard, Amex, Discover, and direct bank transfer with a limited number of banks.

Adyen will add most mobile payment systems used in Japan, Europe, and China, as well as direct transfers to European banks, and a few others.

In this way eBay can avail itself of all the payment methods performed by both companies.

Re:I read the summary

[mentil]

I recall hearing rumors of antitrust investigations into eBay requiring the usage of PayPal. I imagine it had a lot to do with that.

Re:I read the summary

[Anonymous Coward]

As far as I remember, general opinion back then was that ebay had great potential to grow, but I if it was seperate from eBay. That way, it could more easily make business with eBay's competition (amazon etc.). That turned out to be mostly true, since PayPal has grown quite a lot.

Also selling it would make quite a lot of money. Shareholders like money.

Re:I read the summary

[thegarbz]

Maybe I'm just being dense (I'm pretty tired) but I still haven't heard an definitive 'why'.

What can you do with Paypal? Receive money from credit cards or a few banks which partner with them.
What can you do with Adyen? Receive money from basically anything and anywhere including many esoteric local payment methods in many countries.

This may come as a shock to Americans but in much of Europe credit cards are something of an oddity.

I don't buy it

[rsilvergun]

you could fix that with a bit of low-fi tech. And besides, I pay with Paypal periodically (I also Sell Sea Shells on the Sea Shore, but I digress) and while it might be ugly tech it works and it's not hard for the user.

TIL

[Anonymous Coward]

TIL that people still use Ebay.

Seriously, I thought everyone knew that Ebay is a minefield of scams. e.g. Sale of the box without the electronics. Sales of <style font-size="0.5pt">a picture of</style> ${THING}. Buyers who pay with fraudulent cashier's checks. etc. The list goes on and on.

I first heard about Ebay's scams when a college roommate got scammed in 1999. Since then, Ebay has been top of my "warn family if you hear them talking about it" site list. I've never used Ebay, and I never will.

Re:Classy Move [-1]

[Anonymous Coward]

I have mod points and was about to downgrade your post but I couldn't find the [-1 mod: Reply so confusing you are penalized for the wasted neural processing trying to understand it] option.

..

Apple Pay (and Android Pay?) on the Web please

[mccalli]

Not many places use it, but it's good and convenient and secure. And this is not a platform war from me - if Android has similar then that too please.

Would much rather go to a ubiquitous payment method everywhere than "I pay this way online, that way in person" etc.

Re:Dump Moscow Donald

[Anonymous Coward]

Yet the Republicans reauthorized FISA just days ago...

I told you so

[Anonymous Coward]

The Dutch supremacy is neigh!!

PayPal is not the problem

[rcharbon]

PayPay is not the problem. eBay's fees are obscenely high and complicated, while Paypal's are only mildly usurious.

I will....

[MerlTurkin]

....stick with Paypal thanks. It's never been a problem.

good as an alternative

[freedom4us]

Paypal after years of working properly, has been banned to function in my country. I hope the new system may provide ebay payments again here.

Dumping paypal?

[Foundryman]

My email from eBay on this does not say they are "dumping" PayPal. They have signed an agreement with Adyen and will continue to offer PayPal as an option:

"We have signed an agreement with Adyen, a leading global payments processor, to become our primary payments processing partner. PayPal, a long-time eBay partner, will be a payments option at checkout for eBay buyers."

Canadian user.

[sethric1234]

I'm Canadian and i used to use ebay quite regularly somewhere around 10 years ago.. At some point - it became glaringly obvious that nothing on ebay was worth it anymore. I could buy 99% of what I searched for cheaper on Amazon or other e-commerce sites - brand new to boot. So I'm always blown away when i occasionally check the site for hard to find products and still find them because the realization hits me... People are still using ebay. Blows my mind. Maybee it's different in the states.. But in Canada - it's far from being worth it. PayPal on the other hand - might have high fees.. But I've been using it from its beginning.. I've GOT to have 1 or 2 thousand transactions and the odd time i had a problem with an ebay seller back when i used that garbage service - PayPal got me my money back.

Who cares?

[RogueWarrior65]

Ebay sucks anyway. The site has become a cesspool of scammers looking to buy something at a smokin' deal and then resell it for a few dollars more. Pro tip: never try to sell something that can be bought new.

fake news from Amazon

[Anonymous Coward]

And apparently what none of the fake news sites are covering is how this affects eBay _sellers_ that are being pushed into monthly disbursements (instead of instant disbursements), forced to undergo periodic credit checks to sell, and required to surrender additional information that a frequently-hacked eBay has to right to. We're being told that processing costs for us will fall but every time Devin "Dummy" Wenig says that the benefits, if they even manifest at all, accrue exclusively to Chinese sellers. You know, the same Chinese sellers that flood the site with knockoffs, take 30 or more days to deliver, don't accept returns when they send wrong/broken items or a brick, and frequently "go rogue" taking many customers' cash and resurfacing with "new" accounts.

eBay used to be a way for average people to make a few bucks, either running a small business or in cases of emergency, and a great place to shop for stuff you can't find at some one-size-fits-all big box like WalMart. Now it's basically Amazon, a controlling employer-employee relationship where you shoulder all of the risk while they suck up all of the profit. I wish I could say this would be the final nail in their coffin but lots of people love the abuse.

Re:Dump Moscow Donald

[Anonymous Coward]

Spare us your whining about "serious crimes" - of which there is zero evidence and a whole lot of hot air , while you conveniently ignore the very real corruption of the DNC during the primaries, and the fact that the Clintons did exactly what you claim Trump's team did -colluded with the Russians to get dirt on their political opponent over the course of the election. At least the dirt that came out on Hillary from the emails is factual, unlike that fantasy Dossier.

Dumping a company they already own?

[Anonymous Coward]

Why would they dump PayPal? They literally own it. Are they acquiring another company to provide more choices?