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Posted by DC on August 22, 2008, 10:58 am
ABC News http://easyurl.net/9b23
"...When you study the company's financials, you suddenly
appreciate that eBay is no longer an auction company, or
even a retailer…but a bank. PayPal, eBay's subsidiary
payment processing operation, turns out to be the company's
big cash cow.
"And so, the most important part of Tuesday's announcement
was not what everybody noticed -- the shift to fixed
pricing -- but what appeared to be an afterthought: eBay's
announcement that it was eliminating payment via checks and
money orders and shifting all electronic transactions
through PayPal.
"This announcement, little more than a footnote, is the
real story about eBay this week. Amazon aside, this is
eBay's actual new business strategy..."
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Posted by lubow on August 22, 2008, 1:13 pm
I just wish I knew what the revenue mix is for Pay Pal. Buyers can either have
their credit cards charged (risky for PP) or ACHed out of the buyers' bank
accounts (little risk). If most of the cash flow is generated by ACHing money,
Pay Pal can be a great cash cow. Otherwise, PP would be liable for credit card
chargebacks if the buyer is dissatisfied with the products, over which eBay has
little control.
> ABC News http://easyurl.net/9b23
>
> "...When you study the company's financials, you suddenly
> appreciate that eBay is no longer an auction company, or
> even a retailer.but a bank. PayPal, eBay's subsidiary
> payment processing operation, turns out to be the company's
> big cash cow.
>
> "And so, the most important part of Tuesday's announcement
> was not what everybody noticed -- the shift to fixed
> pricing -- but what appeared to be an afterthought: eBay's
> announcement that it was eliminating payment via checks and
> money orders and shifting all electronic transactions
> through PayPal.
>
> "This announcement, little more than a footnote, is the
> real story about eBay this week. Amazon aside, this is
> eBay's actual new business strategy..."
>
>
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|
Posted by 2nz on August 22, 2008, 2:11 pm
> ABC Newshttp://easyurl.net/9b23
>
> "...When you study the company's financials, you suddenly
> appreciate that eBay is no longer an auction company, or
> even a retailer=85but a bank. PayPal, eBay's subsidiary
> payment processing operation, turns out to be the company's
> big cash cow.
>
> "And so, the most important part of Tuesday's announcement
> was not what everybody noticed -- the shift to fixed
> pricing -- but what appeared to be an afterthought: eBay's
> announcement that it was eliminating payment via checks and
> money orders and shifting all electronic transactions
> through PayPal.
>
> "This announcement, little more than a footnote, is the
> real story about eBay this week. Amazon aside, this is
> eBay's actual new business strategy..."
http://scoop.diamondgalleries.com/public/news_images/4/47370_102470_1.jpg
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Posted by DC on August 25, 2008, 10:29 pm
>
> ABC News http://easyurl.net/9b23
>
> "...When you study the company's financials, you suddenly
> appreciate that eBay is no longer an auction company, or
> even a retailer…but a bank. PayPal, eBay's subsidiary
> payment processing operation, turns out to be the company's
> big cash cow.
>
"With new security steps and plans for a debit card, eBay's
online payment service is taking on its finance rivals. In
Europe, it's even got a banking license..."
Business Week - "The Bank of PayPal": http://atu.ca/3d85
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Posted by Earls_Music on September 2, 2008, 3:21 am
> ABC Newshttp://easyurl.net/9b23
>
> "...When you study the company's financials, you suddenly
> appreciate that eBay is no longer an auction company, or
> even a retailer=85but a bank. PayPal, eBay's subsidiary
> payment processing operation, turns out to be the company's
> big cash cow.
>
> "And so, the most important part of Tuesday's announcement
> was not what everybody noticed -- the shift to fixed
> pricing -- but what appeared to be an afterthought: eBay's
> announcement that it was eliminating payment via checks and
> money orders and shifting all electronic transactions
> through PayPal.
>
> "This announcement, little more than a footnote, is the
> real story about eBay this week. Amazon aside, this is
> eBay's actual new business strategy..."
Do you know any eBay sellers who didn't notice the "footnote"???
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