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Keep an eye out then for MasterCard's "MasterPass" or Visa's "V.me"; I've paid via V.me and it’s as simple to use online as, and cuts out, eBay's clunky "PreyPal"; much more reliable, especially for the merchant, given that the "bankcards" also offer a professional transaction mediation process if there is any trouble, something utterly foreign to “PreyPal” …

3 weeks ago on Verified by Visa – vilified but still alive and kicking

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Wot, eBay's "PreyPal" has been at it again ...

3 weeks ago on Surprise! PayPal allows ProtonMail to access its account after public scrutiny

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It's only ever about "the money" to be made by those pumping the hot air into the balloon ...

Ignoring for a moment the use of the Bitcoin system for nefarious purposes, the choice of payment method by a buyer, from those offered by a retail merchant, is driven by the payer who usually bears, directly, none of the cost of such choice. Why then would any online buyer choose to complicate any retail transaction, particularly a “local” transaction, by paying with Bitcoin, which is effectively a “foreign” currency, and a volatile one at that,  that you have to buy/sell at a negotiated price and requires a 1% buy/sell fee at either end of every transaction (ie 2% total) for a prompt processing (otherwise you are effectively speculating in foreign currency), and has no transaction dispute moderation process? Dream on Bitcoin fanboys …

1 month ago on Meet bitcoin’s Capitol Hill champion, a former founder and angel with real startup chops

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So, eBay's been "gaming" the system (what's new?) and has been rebuked. ...


eBay’s Massive Fraud on Buyers at Auction
 
The fundamental fraud by eBay on consumers is eBay's demonstrably false claim to have “sophisticated and proactive” systems in place to control shill bidding fraud. Clearly, eBay has no such systems in place, and such a claim is therefore a "false representation for the purpose of making a gain” and that is effectively criminal fraud on eBay users, a deliberate and outrageous deception on eBay’s great many trusting users, leading those users to believe that the warm woolly coats on their backs are safe when, in fact, eBay is leading them into the shearing shed where eBay’s wolves are laying in wait. Indeed, eBay has been tacitly aiding and abetting, and effectively encouraging such criminal activity since the year dot, and particularly so since eBay’s Johnny Ho introduced the additional anonymity for bidding IDs in 2008, for no other reason than to further obscure shill bidding fraud from which eBay profits handsomely, for example …
http://www.ecommercebytes.com/forums/vbulletin/showthread.php?24736-Shill-Bidding-on-eBay-Case-Study-5
 
And it also says a lot about the laziness, or corruption, of the regulatory authorities that no action has been taken even to stop, let alone to prosecute eBay for, this demonstrable, massive, wire fraud on consumers …


Nevertheless, eBay is an Equal Opportunity Fraudster
 
eBay may appear to be biased in favour of buyers, when it suits their purpose, but it’s nigh impossible to keep a track of all the deviousness and unscrupulousness, or the criminal activity, of eBay Inc.; their unprincipled activities are so pervasive; one can only generalize and describe eBay as an “equal opportunity fraudster”: they themselves will defraud, or will tacitly, and explicitly (McFadden/eDropOff), aid and abet others to defraud, whoever they can, whenever they can—as long as there is a gain in it for eBay. eBay is probably the most unscrupulous commercial entity on the planet; eBay is, demonstrably, the greatest calculated facilitator of the most massive, endemic, auction fraud on consumers that the world is ever likely to know and, doubtless, there will be a trickle down effect of like criminal activity to their other operations. Ultimately, anyone that does any form of business with eBay, or any of its subsidiaries, eg “PreyPal”, does so at their constant peril …
 
eBay Inc, where the incompetent mingle with the malevolent and the outright criminal, and the just plain stupid ...
http://www.ecommercebytes.com/forums/vbulletin/showthread.php?24736-Shill-Bidding-on-eBay-Case-Study-5



1 month ago on eBay’s search results mysteriously take a hit as Google ramps up its own ecommerce offerings

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@cowboydroid @dadpages  "The monetary system is indeed in its death throes." Dream on ...

1 month, 1 week ago on Bitcoin Price Defies Expectations

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@cowboydroid So you expect everyone to become speculators in a volatile "foreign" currency ... Dream on Bitcoin fanboy ...

1 month, 1 week ago on Bitcoin Price Defies Expectations

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@islandertech74 And you actually believe that "PreyPal" has a balanced transaction dispute mediation process? Dream on Bitcoin shill ... 

1 month, 1 week ago on PayPal Survey Asks Questions Regarding Bitcoin

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@islandertech74 Keep pumping out that supply of hot air, Bitcoin shill ...

1 month, 1 week ago on PayPal Survey Asks Questions Regarding Bitcoin

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Obviously, I’m missing something, but why would any buyer choose to complicate any retail transaction by paying with Bitcoins, which are effectively a volatile “foreign” currency requiring a 2% FX conversion fee (1% at each end)—even for a local transaction, and has no transaction dispute moderation process?—Dream on Bitcoin fanboys …

1 month, 1 week ago on PayPal Survey Asks Questions Regarding Bitcoin

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"David Marcus Stepping Down as Head of eBay Inc.'s PayPal Business"—eBay Inc.

http://investor.ebayinc.com/releaseDetail.cfm?ReleaseID=853646

What's up David Marcus, did you get tired of being surrounded by so many headless turkeys?

Regardless, when the senior executives start abandoning ship, what does that tell us about the state of eBay/PayPal?

In the meantime, the cretinous Johnny Ho will be driving the lift and eBay is "going down" ($48.30, falling—Ouch!); still, when the whole thing finally implodes it may well be safer to be in the basement than on one of the top floors ...

eBay Inc, where the incompetent mingle with the malevolent and the criminal, and the just plain stupid ...

http://www.ecommercebytes.com/forums/vbulletin/showthread.php?24736-Shill-Bidding-on-eBay-Case-Study-5

1 month, 2 weeks ago on Braintree CEO Bill Ready: eBay’s John Donahoe to take over as interim head of PayPal

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What's up David Marcus, did you get tired of being surrounded by so many headless turkeys?

Regardless, when the senior executives start abandoning ship, what does that tell us about the state of eBay/PayPal?

eBay Inc, where the incompetent mingle with the malevolent and the criminal, and the just plain stupid ... http://bit.ly/11F2eas

1 month, 2 weeks ago on David Marcus bails on Paypal (and Southland). Here’s his leaked departure memo

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@jonathansaewitz

Now that's what I call an intelligent response. Do you have any idea of what you are writing/talking about? "... transaction fee of .0001, currently 6 cents." Pray tell, just what is that supposed to mean? What about the cost of the FX conversion at either end of the transaction? Is someone doing that for free, or at least for less than the traditional FX traders? Methinks you should stay at school a little longer yet, Jonathan ...

1 month, 2 weeks ago on Bitcoin Price Defies Expectations

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Obviously I’m missing something, but why would any buyer choose to complicate any transaction by paying with Bitcoins, which are a volatile “foreign” currency requiring an FX conversion at either end—even for a local transaction, and no transaction dispute moderation process?


1 month, 2 weeks ago on Bitcoin Price Defies Expectations

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@islandertech74

I'm sorry to say that I see Bitcoins as being little more than "hot air"; take care not to inflate the balloon to much lest it go "poof", along with your unregulated, unprotected Bitcoin(s) ...

Regardless, I've expressed my more lengthy views on Bitcoins previously in this thread; everyone is entitled to their own view ...

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@ripcurldog

Then all you have to do is convince buyers/payers to use Bitcoins. Good luck with that ...

In the meantime, keep on trying to inflate the balloon; if you blow hard enough it may well go “poof”, along with your unregulated, unprotected single Bitcoin ...


1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@ripcurldog 

And you said weren't going to again respond ...

But still you are hoping to retire on the capital gain from that one Bitcoin? Dream on ...

What else can I say other than, by all means, keep on trying to inflate the balloon; if you blow hard enough it may well go “poof”, along with all your unregulated, unprotected one Bitcoin ...

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@islandertech74 

As a payer or transferor, I don’t ever intend to become so disorganised or unscrupulous, that I need to resort to a Bitcoin transaction. So, I am afraid I have to agree with the author, "Bitcoin isn’t worth the headache". But, by all means, keep on trying to inflate the balloon; who knows it may well go “poof”, along with all your unprotected Bitcoins ...


1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@ripcurldog Keep pumping "rip", you'll get some hot air into your Bitcoins yet ...

And, no doubt, you expect to be able to comfortably retire on the capital gains of your Bitcoin ...

And, once again, why would any buyer/payer bother with Bitcoins? The payer does not pay anything when using a credit card; or have you not yet noticed, dumbkoff ...

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@ripcurldog

Seems your comment, for which I just received an email, has disappeared. I will reply to it anyway.

Post Durbin, on every transaction there is now an initial flat fee of $0.22 that goes to MasterCard/Visa; the balance, expressed as a percentage and will vary depending on the amount of business being done, is split between the card-issuing credit provider and the merchant's bank; if you deduct that 22c flat fee from your quoted 47c total cost on the $10 sale, the percentage portion of the fee equals 2.5%; so, maybe it is you that should learn some facts ...

Regardless, if the merchant does not like the fee they are at liberty to not accept credit cards; alternatively, they could accept "Pay Here With PayPal"; they are supposed to be cheaper, Ho, Ho, Ho ...

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@ripcurldog  No one pays 3.5%, even on a credit card, no one!

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@RainerWolfcastle  And they do this conversion for free? Only in your dreams ...

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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@PhotoRadarScam  And how does any payee immediately convert these "foreign currency" Bitcoins into dollars without paying a discount fee? Wave a magic wand?

1 month, 3 weeks ago on Bitcoin isn’t worth the headache

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"PayPal enables any individual or business with an email address to securely, easily and quickly send and receive payments online."


You joke, of course ... http://bit.ly/UVXx53 

1 month, 3 weeks ago on Conversation @ http://www.entrepreneur.com/article/234131

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Whatever; the ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... bit.ly/11F2eas
The clunky, unscrupulous "PreyPal" ... bit.ly/UVXx53
The ongoing joke of it all ... bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... bit.ly/12xvzyA

9 months ago on Of Mad Men and Math Men – eBay’s mobile revolution

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Amazon/Apple/Braintree/Dwolla/Google/Isis/Square/Stripe/Whoever Payments—the facts …
 
Online or at physical point-of-sale, via plastic or mobile phone—from the merchant payee’s point of view—all of the non-financial institution providers suffer the same serious handicap that eBay’s clunky PayPal suffers: none have interactive access to buyers’ funds held in retail banking debit accounts, nor to retail banking credit accounts (as do have the “bankcards” MasterCard and Visa); their only reliable access to payers’ funds is as retail bank Credit Card Merchant Account operators (which is what “PreyPal” claims to be when it wants to appear not to be operating its “pretend bank”) via their own retail banker.
 
Even if any of these middlemen make use of direct debits via the ACH system (as “PreyPal” prefers to do to more cheaply access payers’ funds), the access is not interactive: there is no immediate acceptance of the debit by the bank nor any guarantee that, the following day, the bank won’t reverse the debit due to an insufficiency of funds; direct debit via ACH is not a suitable medium for physical POS transaction payments where the goods involved are going to immediately walk out the door; the only safe route for a merchant for point-of-sale transactions (credit or debit) is via a retail bank Credit Card Merchant Account with its interactive linking to the retail banking system …
 
These “pretenders” are all parasitic middlemen that, in the main, ride—precariously—on the backs of the retail banks’ existing systems; they make their money out of the difference between what the banks/MasterCard/Visa charge them and what they then charge their merchant-payee customers; therefore, their services, invariably, are going to be dearer, or are unlikely to be cheaper; anyone that thinks otherwise has been drinking too liberally of all the disingenuous nonsense that continually flows from the eBay Dept of Spin …
 
“PreyPal”, however, is different in that it will hold onto payees’ funds: “PreyPal” operates an unlicensed “pretend bank”—the “bank” they have to unlawfully hold onto merchant-payees’ receipts, and the “bank” they don’t have when the banking regulator comes sniffing around. That “PreyPal” manages to skirt wholly around U.S. banking regulations while operating this clunky, unlicensed, unregulated, non-FDIC-insured, “pretend bank”, frankly, defies belief; possibly it’s due to the same bureaucratic laziness/corruption that allows eBay to knowingly and calculatedly facilitate, massive, blatant, auction fraud on the consumers of the world … bit.ly/11F2eas 
 
Merchants who receive payments via “PreyPal” also face the additional problem that, unlike MasterCard and Visa, “PreyPal” will not invest in the human resources required to defend a credit card charge-back by a buyer—even if it is defensible; they will deal with the matter in the most cost effective way—for them, and that is to acquiesce to the chargeback and let the payee carry the can. The reality is, anyone that accepts payments via “PreyPal” does so at their constant peril …
 
Undoubtedly, “digital wallets” are the way of the future for buyers, particularly for online payments, and with the recent arrival of the professional mobile/plastic POS/online digital wallets from MasterCard (“MasterPass”) and Visa (“V.me”), these other “pretenders”—with the exception of where they are mandated/integrated into an online marketplace—are now effectively redundant …
 
With respect to physical point-of-sale transactions by such pretenders (Square excepted, as Square offers unique hardware solutions for particular merchant situations), can I simply invite readers to, next time they visit The Home Depot, ask a cashier how “Pay Here With PayPal” is going—LOL … bit.ly/UVXx53
 
Hello "MasterPass"; goodbye clunky "PreyPal"—it has not been nice knowing you ...

3 months, 2 weeks ago on If it’s not broke, break it: How David Marcus is dismantling PayPal to save it

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@DonaldFrazier They only want your bank details because its cheaper to source your funds from there; but then you lose the security of the credit card transaction moderation process ... 

3 months, 2 weeks ago on If it’s not broke, break it: How David Marcus is dismantling PayPal to save it

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Johnny Ho Momentarily Inflates eBay Stock Price with Hot Air from Disclosure of Proposal from Carl Icahn
 
“Proposal from Carl Icahn — The company also announced today that it has received a notice from Carl Icahn indicating that he has nominated two of his employees to its Board of Directors and submitted a non-binding proposal for a spinoff of its PayPal business into a separate company. …”
 
What a total non story! Still, Johnny Ho had to figure out some way to try to get some hot air into the moribund eBay stock. Separately corporatize “PreyPal”? Not likely!
 
As great a fool as Johnny Ho is, he does at least know that “PreyPal” contributes ~40% of eBay’s value, and without “PreyPal”, eBay would simply continue on its Donahoe-directed journey down the toilet—at an even faster rate.
 
Likewise, Johnny Ho appreciates—as apparently Carl Icahn does not—that separated from eBay, the clunky “PreyPal” would be effectively cut off at the knees, particularly so now that MasterCard and Visa have launched their own “professional” digital wallets …
 
Regardless, both eBay and “PreyPal” are destined to continue their journeys to the sewage farm.
 
The fact is, notwithstanding the amount of noise that emanates from the eBay Dept of Spin, it is estimated that “PreyPal” has only a little more than one percent (~1%) of the world’s total payments business; MasterCard and Visa have ~90% thereof between them and Amex has another ~8%. Anyone that thinks that “PreyPal” has any chance of taking any more micro fractions of the payments market away from MasterCard/Visa/Amex, is obviously living in the same Wonderland that Alice and Johnny Ho live in …
 
Goodbye clunky “PreyPal”, it has not been nice knowing you …
 
The ugly details of eBay's clunky, unscrupulous "PreyPal" operation ... http://bit.ly/UVXx53
 
Then there is the demonstrable, massive, eBay-facilitated and aided and abetted, before and after the fact, criminal activity on eBay marketplace auctions …
 
The ugly details of eBay eBay's crooked auctions marketplace ... http://bit.ly/11F2eas 
The ugly details of eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU 
 
Regardless, the fact remains that if, in August 2007, before Johnny Ho actively started his “destructive renovations”, when both eBay’s and Amazon’s stock was ~$40/share, had Pierre Omidyar traded in all his eBay shares for shares in Amazon, instead of ~$4.7 billion, he would now be worth ~43 billion dollars! Now that, surely, is something for all existing or potential major "long" eBay investors to think about, is it not?
 
Icahn’s investment/proposal does not alter the reality that the majority of the “smart money” on Wall Street obviously considers eBay to be a “dog” and that Johnny Ho to be a very poor dog handler—otherwise, like Amazon, eBay too would be valued at ~$400/share.
 
Further, that the “Headless Ho” could give a tutorial to anyone about anything—particularly on technology—is simply too funny; still, it seems that Johnny Ho and Carl Icahn could make a good fit—both are looking out only for themselves.
 
"Even though people think I'm an expert at technological innovation, my own instinct for technology was frozen in place in 1982." - John Donahoe (26 Sep 2007) ...
[On the first part, who could possibly think that? On the second, a few of the only true words that Johnny Ho has ever spoken ...]
 
eBay / PayPal / Donahoe: Dead Men Walking ...

6 months ago on Now Carl Icahn Takes on eBay : Demands 2 Seats on the Board and Spin Off of PayPal

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Whatever; the reality is ...
The clunky "PreyPal" ... bit.ly/UVXx53
eBay's crooked marketplace ... bit.ly/11F2eas
And the ongoing joke of it all ... bit.ly/YvxFEg

10 months, 2 weeks ago on PayPal Beacon Promises to Reinvent In-Store Shopping Experience

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More disingenuous nonsense direct from the eBay Dept of Spin ...

The ugly reality for consumers dealing with the clunky, unscrupulous PayPal ... bit.ly/UVXx53

10 months, 2 weeks ago on PayPal Boosts Fraud Protection for Retailers Down Under

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Now, if the US DOJ would only read its own Manual at http://1.usa.gov/10KnLPN ...

 

“Serious consideration … should be given to the prosecution of any scheme which in its nature is directed to defrauding a class of persons, or the general public, with a substantial pattern of conduct.”

 

and prosecute eBay Inc for its demonstrable, calculated aiding and abetting of massive shill bidding wire fraud on the consumers of the world by the great many unscrupulous commercial merchants that infest the eBay market place …

 

"Shill Bidding Fraud on eBay: Case Study #5" ... http://bit.ly/11F2eas

 

Regretfully, the trigger for action by authorities appears to have something to do with the ratio of the size of the perpetrator to the victim: large corporation perpetrator, small victim(s): “ho hum”; small perpetrator(s), large corporation victim: full weight of the law …

1 year, 6 months ago on Dummerston woman gets home confinement in eBay fraud scheme  : Times Argus Online

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And, if anyone needs any further demonstration of the criminality of eBay and many of its merchants, a further update ...

“Shill Bidding Fraud on eBay: Case Study #5”

http://www.ecommercebytes.com/forums/vbulletin/showthread.php?p=167554  

eBay / PayPal / Donahoe: Dead Men Walking

1 year, 11 months ago on I’m Too Sexy for My Shirt

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"IPO" / "and take itself public"? Do tell, when did that event happen ...

 

1 year, 11 months ago on Hoffman on Paypal: We Didn’t Know What We Were Doing, But We Learned

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Ah, more nonsense from the desperate “eBafia Don” and eBay Dept of Spin …

 

And, if you need a demonstration of the desperation and utter unscrupulousness, indeed criminality, of eBay, take the tour ...

 

“Shill Bidding on eBay: Case Study #5”

http://www.ecommercebytes.com/forums/vbulletin/showthread.php?p=167554

 

eBay / PayPal / Donahoe: Dead Men Walking

1 year, 11 months ago on eBay Testing Same Day Shipping Service For iOS Users in San Francisco

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Certainly, PreyPal is fast approaching its "use by" date with any online business of any substance outside of PreyPal's mandated place on the atrophying eBay marketplace.

 

As for PreyPal at Home Depot or any other physical point of sale—LOL …

 

And, as for the eBay marketplace ...

 

“Shill Bidding Fraud on eBay: Case Study #5”

http://www.ecommercebytes.com/forums/vbulletin/showthread.php?p=167554

 

eBay / PayPal / Donahoe: Dead Men Walking

 

Regardless, no mention here of the new 900 lb gorilla in the room, Visa's V.me, now on beta testing at buy.com ...

 

What is this, a pay for editorial fest? 

2 years ago on 5 Online Payment Software Alternatives to PayPal

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Oh, John Donahoe will be disappointed ...

 

The fact is, things are getting desperate at eBay; overall the marketplace has been effectively dead in the water since John Donahoe started his "destructive renovations" in 2007, and so eBay is now all about "PayPal Payments" - unfortunately, behind the new mask, it's still the same old, clunky, unscrupulous, fraud-enabling, "PreyPal".   

 

And, just for a laugh then, some serious analyses of PayPal's clunky off-eBay products: "The New Way To Pay In-Store", PayPal Here, SmartPay, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay ...  

 

http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611  

 

eBay / PayPal / Donahoe: Dead Men Walking

2 years, 3 months ago on Retiring PayPal

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Wow! With "PayPal Here" merchants will get the full package of PreyPal services: "buyer protection", funds holds, rolling reserves, and all the scamming buyers eBay has encouraged to crawl out of the woodwork—won't that be fun for merchants, just like on eBay—best stick with "Square", I think ... And, just for a laugh, some serious analyses of PayPal's "The New Way To Pay In-Store", PayPal Here, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay ... http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611 eBay / PayPal / Donahoe: Dead Men Walking

2 years, 3 months ago on eBay Gets New President, Spurs Spending Sprees Worldwide

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And, just for a laugh, some serious analyses of PayPal's "The New Way To Pay In-Store", PayPal Here, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay ...

 

http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611  

 

eBay / PayPal / Donahoe: Dead Men Walking

2 years, 3 months ago on Pay with Square: Square's New Payment App on iOS & Android

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