NWREBEL
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posted on September 30, 2001 11:47:16 PM new
What if paypal is going to start an auction site to compete agaianst ebay and provide a true place for all sellers to actually run auctions? I think paypal could damper ebay spirits if they open an auction site and refuse billpoint payments. I think the time is right and I suspect this is paypals reason to go public! any comments?
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midwestmagazines
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posted on September 30, 2001 11:57:23 PM new
Interesting thought. They have millions of users already.... Offer free/reduced listing for the first few months, get a base going, and bam.... They need more revenue than they are bring in now.
Midwest Magazines
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NWREBEL
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posted on October 1, 2001 12:00:27 AM new
Paypal has 70 percent of online payment market, it would be real simple. Whenever you make a paypal payment you will get prompted to paypal auctions! 1000000 users instant traffic to website. I know this is what alot of ebayers are hoping for. It can be done. Voice your support!
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NWREBEL
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posted on October 1, 2001 12:02:39 AM new
For the record I am only predicting the course of things to come.
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NWREBEL
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posted on October 1, 2001 12:05:03 AM new
Please everyone voice a positive or negative response. Do you think paypal could compete with ebay auctions?
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midwestmagazines
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posted on October 1, 2001 12:35:47 AM new
Supposing paypal were to launch an auction site....
Ebay cannot DIRECTLY stop paypal from starting a site, however they could say "NO THIRD PARTY BANNERS" and effectively shut paypal down from generating new customers on ebay... And for all intents and purposes, that's what ebay is to paypal... A way to generate new accounts....
Maybe for it's new auction service.
Paypal would have to come out of the gate strong! They would have to give buyers and/or sellers a bonus of some kind for listing/buying on their site, similar to the what they did originally with the $5 referral fee.
ADVANTAGES
1 NAME RECOGNITION AMONG EBAY USERS
2 MANY EBAY SELLERS FED UP WITH EBAY POLICY/CHANGES/AFA
3 MOST EBAY USERS ARE ALREADY PAYPAL MEMBERS.
It could work.... It could fail...
Other thoughts?
Midwest Magazines
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amy
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posted on October 1, 2001 01:06:49 AM new
And you thought ebay was bad about changing the rules? Sheez, paypal is the master at it.
Remember the "always free", "we will make our money on the float" promises among other memorable shenanigans?
Paypal running auctions would be like the proverbial jumping from the frying pan to the fire for the users!
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wbbell
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posted on October 1, 2001 05:24:25 AM new
It's been said before and I'll say it again. EBay could shut down paypal in a week by transitioning to a half.com payment model. I don't think they will do that, but it is possible.
But that is the only way. eBay cannot dictate how people pay UNLESS they are using a half.com model. If ebay continues in its role as "only a venue" and users complete the sale offline, there is no way that they can disallow paypal, much like there is no way they could disallow checks or money orders.
Given that paypal is so shockingly in the red, I can't imagine they would have the resources, let alone the bad business sense, to try to launch an auction site to compete with eBay.
But if they did, more power to them. Many have tried and most have failed. If paypal can get another few rounds of VC, why not make a go at it?
And if paypal did start an auction site and disallowed billpoint, no one would care much since BP is such a dog.
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whitemist
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posted on October 1, 2001 05:37:17 AM new
Nope
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LaneFamily
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posted on October 1, 2001 06:21:56 AM new
I think PayPal should snap up Gegy.Com. GegyPay is only 2.5% which is lower than PayPals 2.9% I think they would make good bed fellows based on what I have heard some people saying about Gegy and what i think of PayPal.
Jim
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gina50
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posted on October 1, 2001 08:02:07 AM new
I would be all for Paypal starting an auction site 
I have been using Paypal since they started and have never, ever had a problem (knock on wood)
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hwahwahwahwa
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posted on October 1, 2001 08:27:10 AM new
i have asked paypal once if they are into retail sales since they have a directory of shops and they said no,they are a financial services company.
look what they are focusing -debit card.credit card,wiretransfer,international payments,money market investment
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ahc3
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posted on October 1, 2001 08:29:31 AM new
It's an interesting idea. I really can not see ebay going to a half.com billing method. I think it could swing momentum further to paypal. For example, I sent a package on helf.com - The buyer writes that they did not get the package, so I had an open window to contact them (I still don't know what their email address is though) - I wrote the ship dates, gave my email and asked them to contact me if they did not receive it. The next day, the package was sent back to me as undeliverable, and I basically can not contact my own buyer to tell them this. If Ebay goes to this model, it will mean their doom is around the corner, because people might stand for this on a $5 or less CD or book, but not a large ticket item.
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chum
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posted on October 1, 2001 08:35:42 AM new
Personally I hope paypal does start a auction site, and ebay bans them off their site. Users like me on ebay who dont take paypal can offer much lower starting prices, and no handling fees. I hope paypal starts this new site soon!
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uaru
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posted on October 1, 2001 08:56:31 AM new
No, I don't want PayPal to start an auction site. My God how many auction sites are there already? I see more features they need to develope as a payment service.
I would like to see PayPal work more with other auction services though.
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vargas
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posted on October 1, 2001 09:52:23 AM new
Right now, PayPal is pretty much a one-trick pony. If it wants to become a really big player, it will have to move beyond the online auction payment business (which currently represents almost 70% of PayPal's business).
Starting an online auction site won't help PayPal reach that goal.
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gs4
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posted on October 1, 2001 10:05:56 AM new
'paypals reason to go public'
Over all they are losing millons of dollars, so they would not be in the position to start a auction site.
But who knows what they may or may not do in the future. Would they be able to knock EBAY off, I do not think so.
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mballai
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posted on October 1, 2001 10:40:22 AM new
Yahoo was the only auction site that had a real chance to KO eBay and they blew it. All they needed to do was offer everything with a modest FVF if it sold with the business they had. How hard is that? But they wanted fees up front before they could guarantee the traffic. Instant poison and mass defection.
PayPal needs fees up front to do an auction site so they are dead before the site starts. Their poor track record and customer service do not even give them a prayer.
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chum
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posted on October 1, 2001 10:55:11 AM new
Rumor has it yahoo is going to change its fee structure in the near future. IF they eliminate the listing fee for a FVF then I will go back in a heartbeat and so will many former users. With so many people upset over AFA now is a perfect time.
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ok4leather
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posted on October 1, 2001 11:00:38 AM new
Its been said better by others- Unfortunately They (Paypal) have established quite a hostile customer service record - An auction site run by the same folks "in my opinion" would be a spectacular failure - Ebay has its game together in the CS department- It is just a bit on the over priced side of things - Okay a Huge massive bit overpriced  Paypal should stick to its knitting.
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REAMOND
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posted on October 1, 2001 03:33:03 PM new
The best thing about Paypal starting an auction is that the payment from NPBs would improve, and the buyer would have better protection than at eBay.
Paypal could exert far greater control over NPBs and bad sellers.
If it was a BIN system instead of an auction system, NPBs would be ended by making the buyer make the payment as soon as they click to make the purchase.
Paypal could also be competitive on fees because they are getting a cut from the payment system.
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capotasto
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posted on October 1, 2001 03:49:56 PM new
"If it was a BIN system instead of an auction system, NPBs would be ended by making the buyer make the payment as soon as they click to make the purchase. "
It wouldn't have to be a BiN system, the high bidder could automatically have payment made through the PP system. So it coul dbe ither BIN or auction.
Just think, no more NPB's, all sellers and bidders verified with their CC via PP...
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thinkinghat
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posted on October 1, 2001 04:11:32 PM new
Yes! It would work with 10 million users and the way ebay has stuck it to its users. I say do it!
[ edited by thinkinghat on Oct 1, 2001 04:12 PM ]
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vvalhalla
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posted on October 1, 2001 04:35:58 PM new
Can you say AuxPal?
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wildanteeker
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posted on October 1, 2001 04:39:49 PM new
Been there.......done that
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wildanteeker
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posted on October 1, 2001 04:40:46 PM new
so yesterday
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outoftheblue
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posted on October 1, 2001 04:51:19 PM new
Not a chance! Paypal doesn't have it in them to start their own auction site. My god, if a seller ever had a complaint from a customer they would freeze his or her account and all of their money and investigate for months. What a mess that would be!
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toteullenebay
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posted on October 1, 2001 06:38:10 PM new
IF PAYPAL did start an auction site it would be the only site capable of to giving GreedBay a run for its money. It would also, in my opinion, start immediately at the #2 position just down from GreedBay.
If you are praying for a true competitor you should be praying PayPal starts an auction site.
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NWREBEL
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posted on October 1, 2001 07:46:39 PM new
I think its strange that no paypal rep has chimed in!
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tiggressoflove
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posted on October 1, 2001 08:17:18 PM new
auxpal was being run by paypal (paypal even gave you money for signing up and for referring people) and auxpal became bidville.
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