eBay Sellers Appeal to Australia Reserve Bank over PayPal Requirement: 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 Picks Buyers Over Small-Time Sellers

Every time we've mentioned eBay lately, we've received a long list of complaints in the comments about how awful eBay is. It's become quite clear that there's plenty of dissatisfaction with the company -- and a big part of the problem seems to be figuring out who eBay is really representing: buyers or sellers. In theory, as an impartial marketplace, eBay should be able to serve both sides. After all, you need both sides to be happy to make the marketplace truly effective. However, with growing concerns of fraud on eBay, it seems that the company has recognized that it's more important to focus on improving the experience for buyers -- and less so for sellers, especially the smaller sellers. Witness eBay's recent change to ban sellers from offering feedback on buyers.

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 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

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.

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.

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.

ACCC Says eBay PayPal Requirement Not a Concern

eBay sellers in Australia have voiced concern over eBay's requirement that they accept PayPal on all transactions. But the ACCC government regulatory agency told AuctionBytes on Monday the requirement would be unlikely to raise trade practices concerns.

eBay and PayPal announce improved protections for buyers and sellers

Online retailer eBay and PayPal have announced improved protections for buyers and sellers on eBay.com. The companies said that buyers who pay with PayPal will be protected on eligible transactions for 100% of an item's purchase price, with no cap on coverage. In addition, all US eBay sellers will receive improved seller protection for eligible transactions when they get paid with PayPal.

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.

Reserve Bank denies eBay review

The Reserve Bank of Australia (RBA) today said it had not initiated a formal review into auction giant eBay's move to force sellers to offer PayPal as a payment method, despite complaints from a group which claims to be composed of disgruntled sellers.

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's Plan to Force PayPal Rejected Down Under

Jm_aus writes "eBay's plan to force all users to use PayPal only has been rejected by Australia's competition regulator, the ACCC. This followed 650 submissions from eBay users as well as from Australian banks, other payment services, the Australian Reserve Bank, and (anonymously) Google, which aired a lot of dirty laundry about PayPal's unresponsiveness and failure to sign up to the local banking code of conduct. Apparently the public benefits from eBay's 'Bad Buyer Experience' elimination program are likely to be 'minimal.' There is a period for appeals."

EBay Deal Irritates Individual Sellers

Dekortage writes "EBay's recent deal with Buy.com appears to be seriously irritating its veteran individual sellers. The deal allows Buy.com and other large fixed-price retailers to list millions of items on eBay without paying listing fees, and appears to be the direction that eBay will follow in the future. Understandably, individual sellers are outraged. 'I've paid eBay many hundreds of thousands in fees over the past several years and believed them when they talked about a level playing field. And they just plain and simple are going back on their word.' This comes after the dire prediction that eBay is losing its popularity."

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.

Australia Throws Roadblock in eBay's PayPal Only Plans

Government regulators in Australia have told eBay to hold off on plans to move to a PayPal-only marketplace in Australia on June 17, 2008. The Australian Competition and Consumer Commission (ACCC) said it believes consumers are in the best position to determine whether, for their particular transaction, PayPal offers the best features in terms of security, fraud protection, dispute resolution and insurance, at the price offered. It also said that having a single payment provider on eBay may reduce the incentive for other payment systems to develop more secure and cost effective systems.

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 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 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.

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 Australia Delays PayPal Change Indefinitely

Daehenoc points out news that eBay Australia has postponed their ban on all forms of payment other than PayPal. The ban had already been delayed once, but eBay Australia has now decided to simply wait for the Australian Competition and Consumer Commission to determine whether or not the move is acceptable. We discussed the beginnings of this story back in April.

eBay and PayPal Increase Protections for Buyers and Sellers to Shop with Confidence

CHICAGO-- (BUSINESS WIRE) -- eBay (Nasdaq:EBAY) and PayPal today announced improved protections for buyers and sellers on eBay.com, in time for this year

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 driving users away in Australia by forcing the Paypal issue.

In a move that has many people shaking their heads in wonder, Ebay are about to make offering Paypal payments on auctions compulsory in Australia. The ACCC has indicated they may well take action over it, but Ebay then issued a statement to their users that they are going to push ahead anyway and only delayed the action for a month because of the ACCC statement (Which said essentially that they think the action to potentially be anti-competitive.)

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.

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