Ebay buys Paypal (1 Viewer)

[Patrick Sun]

http://www.washingtonpost.com/wp-dyn...-2002Jul8.html

 

[Brian Kleinke]

Zoinks! I wonder if this means more E-Bay spam since I have a paypal account :frowning:
Looks like E-bay decided competing with paypal just wasn't worth it, so they just bought em. All in all not to surprising.
Brian

 

[Dennis Reno]

Was PayPal purchased via an auction on ebay??? If so, was ebay the high bid or did they use "Buy It Now"? Just curious

 

[Thik Nongyow]

Since about 60% of PayPal's business is from eBay auctions, I wonder if this is good. Since PayPal's acquisition will not be finalized until the end of this year, I have to think whether to continue using PayPal as I am currently using it.

 

[Aurel Savin]

This FAQ should answer all near-future plans of Ebay.
Looks like Billpoint will go away by the end of the year.
http://pages.ebay.com/community/news/acquire.html

 

[Don Black]

Oh boy. Higher fees and less competition. I'm going back to USPS money orders...

 

[KeithH]

Why am I not surprised? I hope eBay will not restrict the use of PayPal to eBay transactions. I have used PayPal for many non-eBay transactions. Admittedly, I have not read the FAQ page that Aurel posted yet. Hopefully there is some good information there.

 

[Max Leung]

I wonder if PayPal "accidentally" double-charged eBay's chequing account? :wink:

 

[Don Black]

 

[Ryan Wright]

Oh boy. Higher fees and less competition.

http://pages.ebay.com/community/news/acquire.html#faq6
Will PayPal's/eBay's fees increase after the acquisition is finalized?
At this time, eBay does not plan to raise fees of either service.

 

[Don Black]

At this time

Right.... Other famous eBay quotes include:

At this time, we don't intend on raising our final value fees.

At this time, we believe out Checkout feature is a welcome addition.

At this time, we don't intend on taking over the world.

 

[Steve Enemark]

Will they change the name to ePay?