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RBA to review PayPal, eBay link

The Reserve Bank of Australia's Payments System Board (PSB) is looking into eBay and PayPal. The latter, an online payments service, is a subsidiary of the web auctions provider, and there have been complaints by users that eBay now gives the impression it mandates the use of PayPal for all transactions. This is despite eBay not gaining permission under the Trade Practices Act for this exclusivity from the Australian Competition & Consumer Commission. PayPal MD Andrew Pipolo and eBay vice-president Simon Smith will be interviewed by the PSB in October 2008

Sigma Micro to Offer PayPal for Ecommerce Payment Options

INDIANAPOLIS, IN, Sept. 15, 2008 -- Sigma Micro, the only software and solutions provider committed exclusively to direct retailers, announced today its partnership with PayPal, one of the fastest-growing alternative payment methods for online shoppers. As a result, Sigma Micro has integrated PayPal with SigmaCommerce, its end-to-end ecommerce and order management solution. PayPal payment method and payment processing is available with SigmaCommerce v 4.3.

PayPal silent on eBay refunds dispute

Online payment company, PayPal, will not reveal details of refunds to eBay customers. After the collapse of EBS International in July 2008, PayPal said that 2,500 customers were affected. In mid-August, it stated that it had dealt with all the affected customers and the matter was finalised, but no figures will be publicly revealed

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.

Amazon Payment Systems Take On PayPal

Bridger writes "Amazon has introduced two new payment systems for merchants and consumers which brings it into a market dominated by PayPal. Google introduced a similar system for merchants and consumers in 2006, also called Checkout, but it has not found favor with online retailers. Auction giant eBay, which owns PayPal, has prevented consumers from using the Google system."

Walmart.com Accepts eBay's PayPal Payments

eBay's online-payment subsidiary announced that Walmart.com, the online division of the world's largest retailer, now acceps PayPal. Walmart.com offers more than 1 million products online. Shoppers may now check out with PayPal on Walmart.com in three clicks.

Bill Me Later Extends eBay?s Payments Reach to Top Web Retailers

(October 6, 2008) In praising online credit payment system Bill Me Later Inc. Monday morning, PayPal Inc. President Scott Thompson called Bill Me Later a “disruptive business� in the positive sense, and he credited PayPal for also being a disruptive payments player. And disruption of the status quo is quite possible with today’s announcement that PayPal parent company eBay Inc. will buy the 8-year-old Bill Me Later for $820 million in cash and another $125 million of outstanding options net of option exercise proceeds. Bill Me Later chief executive officer Gary Marino will now report to Thompson.

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.

PayPal forced to refund shoppers defrauded on eBay

PayPal, the payment service used by 20 million online shoppers in Britain, has given in to consumer demands to offer full refunds to buyers defrauded on eBay.

PayPal to refund shoppers defrauded on eBay

PayPal, the payment service used by 20 million online shoppers in Britain, has given in to consumer demands to offer full refunds to buyers defrauded on eBay.

Less Than Half PayPal's Revenue to Come From eBay by Year's End

Paypal looks to grow, expand and perhaps distance itself from its traditional partner, which has grown stagnant and controversial

PayPal branches out from eBay's money tree

SAN FRANCISCO--E-commerce payment company PayPal has grown organically on the back of eBay, but apparently no longer.

PayPal branches out from eBay's money tree

SAN FRANCISCO--E-commerce payment company PayPal has grown organically on the back of eBay, but apparently no longer.

PayPal to reimburse Aussie eBayers

The Australian division of eBay subsidiary PayPal has confirmed it will reimburse customers left out of pocket by the collapse of local eBay seller EBS International.

PayPal Co-Founders Invest $20 Million in SpaceX

WASHINGTON — Space Exploration Technologies (SpaceX) Chief Executive Elon Musk recently accepted a $20 million investment from Founders Fund, a $220 million venture capital firm managed by his fellow PayPal co-founders.

Amazon Launches PayPal Competitor

Without the fanfare that typically accompanies such product announcements, Amazon.com on Tuesday launched two new online-payment options that target small businesses. That makes Amazon.com a direct competitor with both Google Checkout and eBay's PayPal.

eBay US goes PayPal only

eBay US has announced that, as of October 2008, eBay subsidiary PayPal will be pretty much the only way to buy stuff via its massively popular auction site.

Continental to offer PayPal payment option for online flight reservations

US-based Continental Airlines has announced that it will offer travelers the opportunity to utilize PayPal when purchasing flights at its company website.

Amazon Payments takes on eBay's PayPal, Google Checkout

Amazon has rolled out its equivalent of PayPal and Google Checkout in two flavors: Checkout by Amazon and Amazon Simple Pay. Both services fall under the Amazon Payments banner and allow third party retailers to access Amazon user accounts for payment.

Continental Airlines Offers Customers PayPal Payment Option For Online Flight Reservations

HOUSTON -Â Continental Airlines (NYSE:CAL) announced that it now offers travelers the opportunity to utilize PayPal when purchasing flights at continental.com.

Continental Airlines to Offer PayPal Payment Option For Online Flight Reservations

PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL) today announced that it now offers travelers the opportunity to utilize PayPal when purchasing flights at continental.com.

RBA, eBay set to discuss PayPal rules

The RBA will meet with eBay to discuss the removal of rules that favour the use of Paypal on the auction site.

Amazon payment systems take on PayPal

Amazon has introduced two new payment systems for merchants and consumers which brings it into a market dominated by PayPal.

Amazon payment systems take on PayPal

Amazon has introduced two new payment systems for merchants and consumers which brings it into a market dominated by PayPal.

Overstock.com to Integrate PayPal, Google Checkout on Auction Platform

Overstock.com told auction users on Friday it would have its third-party payment integration feature ready for use on November 3, 2008. The company is using a third-party vendor called CardinalCommerce to integrate PayPal and Google Checkout on the Overstock Auctions platform.

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