posted on May 15, 2010 06:45:25 PM new
Here is a very interesting article about ebay in australia. where our attorney general has deemed it illegal for ebay and paypal to monopolise payment means. well worth a read.
posted on May 15, 2010 09:09:01 PM new
This is interesting,but EBAY-AU is much smaller though?
Do Aussie sellers and buyers have as much squabbles as US sellers and buyers?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on May 16, 2010 02:17:39 AM new
The whole thing is that the Australian government has said that ebay/paypal cannot monopolise methods of payment, especially just to make money by monopolising payment methods. I suspect that something the same could be done along these lines in the usa. As you know ebay have stopped a lot of other companies from being allowed to accept payments or make a payment on ebay . This is just to monopolise the accepted payment method. Has anyone ever checked this out over there.??
posted on May 16, 2010 07:30:20 AM new
Before Paypal was bought by Ebay,Ebay has Billpoint which is Ebay and Wells Fargo Bank.
Paypal works very hard to gain market share on Ebay giving away $$ to entice folks to sign up and use Paypal.
Their computer will access Ebay site to update and insert Paypal data daily.
Eventually Ebay bought PAYPAL and phased out Billpoint.
Paypal is an economical way for small sellers who do not have a merchant account to accept credit card payments,but some brick and mortar shops which sell on Ebay have their own merchant account and there is a minimum requirement that they must meet else there is a minimum charge of 25 dollars each month.Meaning if you are paying say 2 1/2 % discount rate and that 2 1/2 % does not add up to $25 or more ,then you pay the bank $25.
But who wants to give anyone their credit card information online,we may never buy from the same seller again
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on May 16, 2010 09:32:38 AM new
this is odd... Australia introduced PayMate to the USA last year. We can also use PayMate for our auctions, though I just don't see any benefit to offering it. Makes me wonder if Paymate has some of their own in Australia's govy.
The only reason why eBay/Paypal kicked off "risky" alternatives is so they can not only monopolize selling and payments, but because many of these alternative payment methods were cheaper than paypal and were beginning to take small bites out of Paypal's clout.
Notice how right after these decisions were made eBay took control over the dispute process.
posted on May 16, 2010 10:07:47 AM new
AMZN has one click and everyone who sells on AMZN has to accept one click.
Back to Ebay meddling with buyer/seller dispute,does it do this to relieve Paypal of its burden?
Or is it some disputes are automatically rejected by Paypal so instead of letting the bidder goes the route of complaining to the credit card issuer,Ebay steps in and play God-taking money from seller and give it back to buyer.
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There is no 'Global savings glut',only wild horses and loose bankers.
