eBay Australia faces PayPal fury: related news

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 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.

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 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 (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.

eBay and PayPal team up with Gmail to fight phishing

eBay and PayPal today announced a link-up with Google's webmail service GmailTM to better protect consumers against fraudulent e-mails and phishing attacks. Starting today, eBay and PayPal customers with Gmail accounts will have a safer e-mail experience because they will receive fewer fake e-mails claiming to be sent by eBay and PayPal.

Amazon vs. EBay: Looking Beyond E-Commerce

There's a very interesting article via MSN Money about how Amazon (AMZN) is beating up EBay (EBAY). I abandoned eBay (EBAY) as an investment many years ago as it's now a "value play" instead of growth, but have always said I'd love to get a piece of the action of PayPal if they ever spun it off in its own entity. It's essentially a Mastercard (MA)/VISA (V) clone. PayPal is now up to 1 of every 4 dollars of revenue for Ebay, and why they don't create value by doing a PayPal IPO is beyond me.

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

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research VICTORIA, Aug. 18 /PRNewswire/ - Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support. Fred Speckeen, CEO of Terapeak/AERS, says, "The transfer of research responsibilities to Terapeak reflects our longstanding business relationship with eBay, and our company's commitment to providing the best market research product possible.

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 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's losing bid to bring in payment scheme

Online auction group eBay Australia & New Zealand has withdrawn plans to prohibit all payment options except PayPal Australia and cash on delivery. The online auction group owns PayPal, which charges a commission of between 1.1% and 2.4%. The move to restrict payment options prompted a strong response from eBay users. The Australian Competition & Consumer Commission issued a draft notice in early June 2008 denying eBay legal immunity from sections of the Trade Practices Act

eBay's losing bid to bring in payment scheme

Online auction group eBay Australia & New Zealand has withdrawn plans to prohibit all payment options except PayPal Australia and cash on delivery. The online auction group owns PayPal, which charges a commission of between 1.1% and 2.4%. The move to restrict payment options prompted a strong response from eBay users. The Australian Competition & Consumer Commission issued a draft notice in early June 2008 denying eBay legal immunity from sections of the Trade Practices Act.

Australia cenbank seeks end of Ebay PayPal rules

SYDNEY, Aug 20 (Reuters) - Australia's central bank on Wednesday said it would seek to have online auction site Ebay (EBAY.O: Quote, Profile, Research, Stock Buzz) remove rules that could favour the use of its PayPal payments system over other payment methods.

EBay quarterly profit rises, but shares fall on outlook

Online auction house eBay Inc. said yesterday that its second-quarter profit jumped 22 per cent, as the company enjoyed strong growth in its e-commerce sites and its PayPal payments service. But eBay's outlook for the current quarter was softer than analysts had been forecasting, and the company's shares fell in after-hours trading after closing up $1.21 at $28.10. EBay earned $460-million, or 35 cents a share, compared with $376-million, or 27 cents, in the year-ago quarter. Excluding certain items, eBay earned 43 cents a share. That beat Wall Street's forecast for 41 cents a share. EBay's revenue rose 20 per cent to $2.2-billion. Analysts polled by Thomson Financial had been looking for $2.17-billion. EBay expects third-quarter earnings of 30 cents to 32 cents a share, or 39 cents to 41 cents a share on an adjusted basis, and $2.

Belgian Tribunal Dismisses L'Oreal Claims in eBay Lawsuit

eBay said the Belgian Tribunal de Commerce has dismissed all claims by L'Oreal brought against eBay regarding the sale of counterfeit items. eBay issued a statement published on the eBay corporate blog "This is the second successful court ruling in a row for eBay, both supporting our view that controlling prices and distribution reduces consumer choice. The litigation of counterfeits against eBay has been exposed as merely a stalking horse. eBay provides a vibrant and trusted marketplace that gives European consumers a good deal. We work to tackle the menace of counterfeit through action and co-operation with rights owners."

eBay Watch: iPhone Apps, Free eBay Alternative

EBay delays mandatory shipping specifications until August, eBay apps for the new iPhone are out now and eBay offers Fixed Price listings promotions. Plus, we take a look at the free eBay alternative selling site, Flippid.com, and also offer hints and tips from eBay sellers.

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 Australia faces PayPal fury

Nail down your security priorities. Ask the experts and your peers at The Register Security Debate, September 24 2008.

eBay Launches Hub for South East Asia Developers

eBay has launched the South East Asia Developers Program hub, a new website designed for providing important program information to developers located in South East Asia. Members who have already joined the eBay Developers Program do not need to register again. The SEA Developers Program launched their site with an eBay & PayPal Developer Challenge for legal residents of Singapore, Malaysia, Philippines, and Thailand. eBay & PayPal developers are competing for up to $25,000 SGD in cash prizes.

eBay Agrees To Hold Off Requiring PayPal For Payments In Australia

You may recall that eBay execs were trying to require the use of subsidiary PayPal for payments in Australia -- which resulted in a bunch of protests.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif.-- (BUSINESS WIRE) -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

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