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ebay makes paypal mandatory |
Best Decision eBAY has ever made WooHoo and A rousing Big Cheer |
Why can't ebay/paypal see the writings on the wall? why are they digging their graves at an even faster pace? the shareholders should sack the ceo. or maybe this is the ceo's idea to get sacked.... and be compensated with a fat severance pay. |
What about consumer convenience and freedom of choice ? ebay is becoming another micro$oft. |
can you say "monopoly" ? |
I don't think eBay is going to get away with this if they try it in America. It is basically using their monopoly to limit choices. Not to mention PayPal is still acting like a bank, without actually being one. They don't have FDIC coverage, and they can arbitrarily freeze your assets with no oversight by any government body. |
Not to mention no interest on balances, a poor currency conversion rate and absolutely no protection for domain name sellers :mad: If I were you I'd remove those parked page links in your sig as it's against the TOS of most parking companies to link to your parked pages. Matt. |
In the midst of all these domain charge backs?????? |
That's what makes it even worst to sell domains on ebay now. |
ebay is the worst solution to sell domains especially now |
You guys made my day! :tu: I was starting to think everyone liked Paypal around here with how many complaints I get about not accepting Paypal on my listings. I wouldn't use Paypal if they paid me to use it... Once more people around here have their first chargeback or account frozen for no reason, they'll agree. I really wish uBid would open up to consumers... I'm so sick of eBay and in need of a new auction fix! Paypal is an absolute joke and eBay is rapidly becoming an ever bigger one with their constant fee increases, their now Paypal dictatorship, and their uptime that's worse than most sites on shared hosting... Well, eBay just lost me as a customer. I won't support Paypal and while I've tried to reason with myself to support eBay (despite them owning Paypal), I can't reason with this no longer... |
HI Every time I sold domains on ebay the buyers have always paid via paypal anyway so does not really effect me... but still think it is a dumb idea... but will make ebay more money in the long run. Thanks Tom Dahne |
paypal alone is ok with me, but not combine it with ebay, i remember posting some stuff (not domains) for sale on ebay and I never got one inquiry. |
So far moneybookers is the best choice for domainers IMO |
Huge mistake. :td: |
eBay is starting to remind me of Yahoo -- two companies that clearly seem intent on destroying shareholder value. Altering the whole negative feedback system was a big mistake as well, as was increasing fees how many times now? Are they trying to bankrupt their Powersellers? They've now made it even more impossible to sell low-margin goods, as if they weren't doing a pretty good job of that already... |
I have been using ebay since they had a couple thousand auctions ending a day in the mid 1990's and they have been going downhill big time the last few years. This is a website were 2.5M+ Auctions end per day, and yet the company can barely turn a profit. How? I have no idea. It isn't like they are pouring money into customer service. This recent upgrade in fees was a joke, and even worse they tried to announce it as a fee decrease. Now a seller can't leave negative for a buyer? I am not sure how this was greenlit. It is a way for a buyer to use a threat of negative as leverage against a seller. There should be no need for a fee increase, inflation should take care of that. 5% is always going to be 5%, however things will go up in price over time. Brad |
I can't understand it either Brad... I've been an eBay user since 2002 and have a friend who used to make a living selling on eBay full time which eBay has rendered no longer feasible... Servers, hard drives, computer processors,... Everything needed to run eBay has come down dramatically in price the last few years. I don't understand whatsoever how they can barely be profitable. |
Not to mention ebay refuses to anything about scammers. The odds are pretty good if you sell a laptop the winning bidder will have paid far over fair market value and is from Nigeria. It is basically scammers trying to outbid each other. Then they add "security features" like taking away the ability to see who is bidding. So there is really no way to track shill bidder anymore. Ebay's stock is trading like a growth stock, with a ridiculous PE. Ebay is basically dead money right now. The problem is they have no competition, and other than Google I am not sure who could launch auctions that could challenge them. |
Are you guys aware that ebay take commission 4 times per transaction? 1. listing fee 2. final value fee 3. paypal credit card processing fee 4. -0.2 to -0.3 currency conversion rate withdraw |
Let's say you sell an item for $10 on ebay. You are out about $0.35 for the listing fee, another $0.50 or so final value fee. Then about another $0.65 paypal. It is just pathetic. The government needs to step in and force Paypal to become a bank and operate by the rules. The fact that they probably have more money in transactions than most banks, yet there is no oversight or protection is a little scary. |
I'm curious. If they become a bank, then would all of us automatically own a US bank account? |
I am not sure the the legalities of that, but I know right now that Paypal probably processes as much money in transactions as most major banks. However, they offer no FDIC protection or government oversight. They can arbitrarily hold funds with no method of appeal. |
Some points are here are simply incorrect, so I feel I have to correct them. I do hate ebay and Paypal, so I will start with that. First of all, Paypal does pay a competetive interest rate on your balance. Second, ebay is not trying to destroy shareholder value, they are trying to keep their value by doing as little work as possible and taking as few chances as possible, so they will just leach off of the powersellers, until they can't suck anything more out. About the scammers. It is not that ebay does not do anything about them, it is that they are doing exactly what they want to do about them, which is nothing. People think that this is counterintuitive, until you hear ebay bragging about their low fraud rates, I think last I heard it was .5%-1.5%. If they started catching the scammers, the percentage would shoot way up, probably over 5%. Also, scammers seem like they use special features more often to prop up their fake sales, and these fees are non-refundbale to ebay. So ebay wins that way too. Their fees can actually be huge, more than listed above, if you use extra pictures or any of their special features. I used to sell very expensive items on ebay and with special features, I would often times pay 20-30% of sales just to ebay and Paypal for fees. I also hate how they try to trick the sellers into calling every fee increas a decrease, as if we are not smart enough to see a higher number than before. I have been warning about ebay and Paypal abuses for a while and knew that they were moving towards this step. I think that I even mentioned it on this board a while ago. It is completely illegal, the textbook defintion of monopoly abuse, far worse than anything Microsoft ever did. You are not allowed to use your monopoly in one market (online auctions) to dominate and get a monopoly in another market (online payments). Once ebay became a monopoly in online auctions, they had a requirement to offer choices for payment. They have been slowly moving away from that, by banning Bidpay, then Western Union, then anyone except for themselves. This move will probably mean that the governments will finally break up ebay and Paypal, which I originally thought would be the only way they could lose their dominance. Their management is so horrible, that they could lose control on their own, but the gov't should still step in at this point. |
I like this point. Ebay doesn't want to catch the scammers because it would look like a negative for them. By not doing anything they can cook the books on fraud rates. You might be onto something there. |
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