Developments in eBay Australia Plan to Go PayPal Only: related news

Australian regulator blocks eBay's PayPal-only plan

EBay Inc. said yesterday it will postpone plans to make its PayPal system the only way to pay for deals on its auction site in Australia after the antitrust regulator said it would reduce competition. Australia was the first place where eBay was planning the PayPal-only system. The plan angered some users who said using PayPal would cost them more than other payment methods, and that eBay was just interested in increasing revenue for PayPal, which it owns. The government's Australian Competition and Consumer Commission opened an investigation into the plan and considered submissions from Australian banks and users of the online auction site claiming the restrictions were unfair. EBAY (Nasdaq) rose 15 cents (U.S.) to $28.23.

Developments in eBay Australia Plan to Go PayPal-Only

eBay Australia rolled out the increased buyer protection plan it had promised users when it initially announced it was moving to a PayPal-only marketplace. It had planned to roll out the ban on all payment methods except for PayPal on June 17, but Australian government regulators told eBay last week to hold off on implementing the policy.

eBay Sellers Appeal to Australia Reserve Bank over PayPal Requirement

Anthony Green, an eBay seller from Australia, sent a letter to the Reserve Bank of Australia (RBA) requesting it take action with regards to eBay's policy requiring users to offer PayPal on all transactions. Sellers are still fuming over eBay's attempt to make PayPal the exclusive payment service on eBay Australia (referred to as "Stage 2"), which eBay backed away from after a regulatory agency indicated it would not support such a move. However, eBay Australia left its "Stage 1" policy in place, requiring sellers offer PayPal on all transactions.

EBay Abandons Plans For PayPal Monopoly

An anonymous reader writes "eBay's has lost its fight to ban all payment methods except PayPal. When Paypal originally announced the scheme it was to be global, but they began with a dry run in Australia to test the reaction of government and consumer authorities. In the public slanging match that followed between eBay and the regulatory ACCC, eBay spammed users claiming it was fighting for 'safety benefits for consumers.' Fortunately the consumers won. Conceded eBay vice president Simon Smith, 'While we disagree with the ACCC's draft notice, we have decided to withdraw the notification to stop any further confusion and disruption among the eBay community.' Nevertheless eBay insists PayPal is now always offered as a payment option. Have big corporations finally learned that they can go too far? More chillingly, if eBay had launched the sc

eBay Cancels Plans to Go PayPal-Only in Australia

eBay has cancelled plans to go to a PayPal-only marketplace in Australia. It had intended to limit buyers and sellers to using its own payment service exclusively, but withdrew its notification to government regulators after the agency indicated its intention to prohibit eBay from doing so.

EBay backs off controversial PayPal-only plan in Australia

EBay Inc. has, for the moment, backed off a plan that would force sellers in Australia to only use PayPal, which eBay owns, as their online payment method.

eBay backs off controversial PayPal-only plan in Australia

EBay Inc. has, for the moment, backed off a plan that would force sellers in Australia to only use PayPal, which eBay owns, as their online payment method.

New eBay Contest Promotes PayPal-Only in UK

PayPal is giving away a year's worth of eBay insertion, final value and PayPal fees to one eBay seller in the UK every month, for the remainder of 2008. UK sellers who agree to use PayPal exclusively on eBay will have a chance to win a year's worth of free fees up to 30,000 pounds. Sellers must have been a confirmed registered eBay.co.uk user for a minimum of two months prior to the date they register for the contest, and must keep their eBay account in good standing. They must also have a Business or a Premier PayPal account.

eBay Australia Announces PayPal Access Issues

eBay Australia announced that some Australian customers have have been unable to access the PayPal (www.paypal.com.au) site or were unable to log into their PayPal accounts. The company advised customers having difficulty paying for an eBay item using PayPal to contact PayPal Customer Support on 1800 073 263.

eBay Success Story, Entrepreneur and Author of 'The Guru's Guide to eBay,' Expert Greg Kusch, to Host Seminar in Santa Monica, California August 23, 2008

SANTA MONICA, Calif., Aug. 5 /PRNewswire/ -- Santa Monica, California native Greg Kusch, the author of a new book "The Guru's Guide to eBay" (http://www.wewillsellanything.com), reveals his personal eBay secrets to success and insider's knowledge in Santa Monica, California on August 23, 2008. Kusch is accredited through eBay University, one of only 28 people in the world who is certified and trained by eBay. During the course of these seminars, attendees will learn from the master "The Basics of Selling on eBay" and "Beyond the Basics (How to Open a Business on eBay)" as well. These courses give new or inexperienced eBay users the tools they need to become successful eBay sellers and entrepreneurs.

eBay backs down on forced PayPal payment plan

Internet auction group eBay Australia & New Zealand has withdrawn plans to require members to exclusively use its PayPal Australia subsidiary for payments. The company had sought approval from the Australian Competition & Consumer Commission (ACCC) to prohibit payments using direct bank account deposits or cheques, as a means of minimising fraud. PayPal charges sellers $A0.30 per transaction and between 1.1% and 2.4% of the payment as commission. The ACCC said in its draft decision that the security benefits of having PayPal as the only payment system did not outweigh the anti-competitive effects of such an arrangement

eBay Australia Calls Moratorium on PayPal-Only Policy

eBay Australia said a government agency's review of its plans to go PayPal-only could continue until the end of July. Therefore, the company announced it would postpone the new policy's effective date from July 15 (originally scheduled for June 17) "until the review process with the Australian Competition and Consumer Commission (ACCC) regarding its recent draft notice is complete."

eBay to delay roll out of PayPal-only system in Australia - Update

(RTTNews) - Online auctioneer eBay Inc. (EBAY) said Friday that it would delay plans to roll out the PayPal-only policy in Australia to pay for deals on its auction site until July 15, after the government's fair-trading regulator, the Australian Competition and Consumer Commission, ruled that it would reduce competition. The new policy was due to come into effect next week.

Australian regulator signals it will block eBay's PayPal-only plan

SYDNEY, Australia: EBay said Friday it will postpone plans to make its PayPal system the only way to pay for deals on its auction site in Australia after the antitrust regulator said it would reduce competition.

Australian regulator signals it will block eBay's PayPal-only plan

SYDNEY, Australia-EBay said Friday it will postpone plans to make its PayPal system the only way to pay for deals on its auction site in Australia after the antitrust regulator said it would reduce competition.

EBay (EBAY) NewsBite - EBay Price Target Slashed

EBay Inc. (EBAY) opened at 27.09. So far today, the stock has hit a low of 25.95 and a high of 27.43. EBAY is now trading at 27.22, down 0.27 (-1.00%). The stock hit its 52 week high of 40.73 in October and set its 52 week low of 25.10 in March. EBAY has been dropping for most of the past year. A RBC Capital Markets analyst cut his price target on the stock today to $35 from $40, and said the effect of deals with large online retailers the company's revenue may be more muted due to less-favorable terms. The company had signed a deal with Buy.com allowing it to sell books, electronics and other items on eBay's Website without paying the full complement of fees. Technical indicators for the stock are bearish but slightly improving while S&P gives EBAY a very positive 5 STARS (out of 5) strong buy rating.

Amazon Takes On eBay€™s PayPal With New Service

The status of PayPal as the web’s reigning leader of payment and money transfer services via the Internet is simply unarguable. PayPal, as an e-commerce business, charges a fee for payment processing of online vendors, auction sites, and other corporate users. The company which was bought by eBay (EBAY) for $1.5 billion in October 2002, proved to be a smart business move. After phasing out its own competing service, ‘eBay Payments by Billpoint’, eBay not only gained control of the popular electronic payment service favored by many of its customers, but also acquired a great asset, which currently generates more than 23% of eBay’s total quarterly revenues.

Report: Angry Australian sellers confront eBay over PayPal-only policy

EBay sellers lashed out at an executive of eBay Australia over the company's decision to require them to only use PayPal, a service owned by eBay, for electronic payment services, according to a report in the Sydney Morning Herald.

eBay Pushes PayPal-Only Aussie Plan to Back Burner

eBay is defending its position that offering a PayPal-only payment option is beneficial to customers because it allows the company to stop fraud more efficiently. The Australian Competition and Consumer Commission, on the other hand, says the plan would reduce competition.

eBay Pushes PayPal-Only Aussie Plan to Back Burner

eBay is defending its position that offering a PayPal-only payment option is beneficial to customers because it allows the company to stop fraud more efficiently. The Australian Competition and Consumer Commission, on the other hand, says the plan would reduce competition.

eBay Pushes PayPal-Only Aussie Plan to Back Burner

eBay is defending its position that offering a PayPal-only payment option is beneficial to customers because it allows the company to stop fraud more efficiently. The Australian Competition and Consumer Commission, on the other hand, says the plan would reduce competition.

ACCC still has its eye on eBay

The Australian operation of web auction services provider eBay has stepped back from a proposal involving its subsidiary, PayPal. Following public outrage, protests by users and an investigation by the Australian Competition & Consumer Commission (ACCC), eBay has dropped plans to make PayPal the only approved electronic funds transfer method on its site. However, a second change, to make it mandatory for PayPal to be included as a payment option for all auctions on eBay, is still being looked at by the watchdog and may also be blocked as anti-competitive. Meanwhile eBay is to retain the services of law firm Deacons, despite the later failing to gain its client an exemption for the PayPal issue from the Trade Practices Act's section 47 before the ACCC

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