posted on September 13, 2000 09:31:40 PM
Just think about this for a minute, PayPal builds a huge marketshare, changes from a free service to a fee based service similar to billpoint, people get mad at PayPal and start using Billpoint, Ebay acquires the customer base and technology of PayPal (debit cards, etc...) and Ebay capitalizes on the customer base and find a way to really tie people to Ebay with their bank account, debit cards, and whole life to Ebay! Might sound crazy but this thing might have been planned all along.
posted on September 14, 2000 07:55:20 AM
Definatley something to ponder there. seems there has been some hidden agenda from the beginning. To many things were leading up to this situation with Paypal ( Verify accounts , deposit funds, withdrawn funds ) You could never make me beleive this was an overnite decision, we all are smart enough to realize Business doesnt make theses decision overnight, or at else we hope there was more thought in the decision making process than that! This was a totally well drawn out plan on PayPals part, get as many as we can before lowering the boom!!! Make me wonder if I would want to have someone control my cash with so little regard to their customer base. We have be deceived from the beginning.
posted on September 14, 2000 09:53:12 AM
I dunno. If ebay is contemplating acquiring Paypal, Paypal's actions over the last 6 weeks must be some sort of "poison pill". I've worked on some mergers and acquisitions, and during due diligence the acquirer doesn't examine only the ledger sheets, but at what's been said about the potential acquisition - scuttlebut, in other words.
OTOH, given ebay's utter callousness regarding its customers, I suppose Paypal could get away with anything short of murder and ebay's advisors wouldn't bat an eyelash.
My own feeling is that Paypal was hideously ill-conceived by a couple people with minimal business experience and NO competent legal advice, ran into financial problems, discovered its "float" wouldn't provide enough earnings, and so decided to become fee-based, jettisoning small-time sellers to stay afloat.
I wonder how many of them realize that many of those small-time seller are also BUYERS who would've continued to use Paypal for their purchases if they hadn't felt royally screwed as sellers?
[ edited by HartCottageQuilts on Sep 14, 2000 09:55 AM ]
posted on September 15, 2000 08:55:01 PM
If eB*y EVER purchases P*ypal, I'm outta there. I'll pay x amount of dollars a month for my own merchant account to process credit cards myself. They have already played the "We Are Our Own Government" game and told us we werent allowed to place p*ypal (what eB*y considers) oversized logo's that benefit WE the sellers. Screw eB*y!
