First AOL/Time Warner and now this. Itâs almost like two companies that have nothing to do with one another merging into a single entity is a terrible ideaâŚ
Well, except in this case they kinda DID have something to do with one another, since Paypal was already being used quite extensively as a payment method for eBay auctions before eBay purchased them.
AOL was seen as a distribution system for Time Warner, but again, they donât really share industries. PayPal and eBay may have been used hand in hand but they have completely different goals and philosophies.
Airlines can merge, banks can merge, these things makes sense. An online bank and a glorified garage sale should not merge and they are now splitting as a result.
If it means I can use something other than paypal for ebay purchases I am happy.
I have had to go elsewhere for years cause PayPal decided that purchasing gas was âsketchy credit card useâ and locked my account, no way to challenge, etc etc. Luckily I had no funds but I have told many online merchants that sorry oops they lost my sale by being paypal only. The sooner PayPal dies in a fire the better.
I donât recall PayPal as a bank at that time, just a payment processor, primarily for online auctions, primarily eBay.
I personally donât like their baloney attempt at regulating âmoralityâ by blocking purchases for firearms and some firearms related accessories.
Why do you hate capitalism, Paypal?
Is it reasonable to suggest that whenever hedge fund managers start encouraging changes like this, itâs because they want to gut something and leave it a smoldering ruin?
Iâd rather prefer to see eBay given a good shaking-up; it doesnât seem to have changed all that much in the last decade.
Well neither company has a pension fund or substantial assets, so whatâs there to plunder? Credit card numbers?
In related news, that first link is hilariously wrong.
This is the perception problem Ebay has created for itself, and will hopefully fix with this change. You actually can use your credit card to check out on Ebay, but PayPal will still process the transaction. As Ebay pours you down the PayPal funnel, itâs not at all clear that you donât actually need a PayPal account. But ultimately you can get through the process without it.
For that matter, I have two repeat customers that only pay by postal money order.
Yeah but it is the same credit card that paypal decided to close my account over so I canât use that one with paypal ever again nor can my wife. I boggled the first time I tried but then had to email the vendor and have them cancel. Heck I have read of married couples getting locked out because they donât like one card number used by 2 people for some stupid reason.
It looks more like the linked article explains what the split means for PayPal as a business â not so much what it means for users.
Ex paypaler here, all views my own, etc. Etc.
I have no doubt eBay is salivating at the thought of stripe and square integration. The fraud levels on those two services are much higher than PP, but if it is the issuer or processor that takes the hitâand not the parent company â then who cares, support the hippest platform. PP will continue to be supported if for no other reason than interia, but it will have to âearn its keepâ by stepping up innovation.
An ex amex leader makes me nervous though. There are two obvious choices he can makeâturn PP into an honest-to-fsm retail bank (and through legislative pressure put the screws on square/stripe to also have a banking license), or try and be a âhip innovative CEOâ.
If he can choose the middle way and delegate the technology to some new blood while keeping an arms length; work to compete with stripe/square on quality of merchant experience; and push a stone cold legal and legislative agenda the PP may have a fighting chance.
Just my opinion.
P.s. the âPayPal has a moral agendaâ meme is bupkis. They have a make money agenda, and fraud rates on some categories are too high to make cents (or dollars).
As AcerPlatanoides said, I donât recall them being much of an online bank at the time that eBay bought them back in 2002. My (hazy, 12 year old) recollection of Paypal at the time was as pretty much âThe company you use to pay for eBay purchasesâ.
Also, looking up just how long ago it was that that purchase happened, I feel immensely old.
I am utterly confused. My Paypal account takes the money via direct transfer out of my bank account whenever I buy something and thatâs it. How the hell does it have access to what youâve bought via other services?
Well there you go, youâre just a wee pup! Some of us were thirty or so at the time and a lot of their talk was about having them hold on to your money and how easy it was to send money instantly without dealing with checks.
That Musk latched onto the largest e-commerce site and made his fortune riding their coattails isnât a surprise, but x.comâs original premise was just as a banking/transaction site where one was encouraged to keep a balance in an account that created a tiny amount of interest.
Interestingly, reading their wikipedia, the founder claims they are not a bank because they donât loan out more money than they have, but yet, PayPal has a European banking license. In the States they are a âmoney transmitterâ like MoneyGram or Western Union, which is something I didnât even know we had a term for.
Could that be a capitalistic concern for being drawn into civil suits?
Oh, I remember that talk coming from Paypal. I just donât remember anybody actually doing it. 
Understandable! If youâre twelve and concerned about APRâs you need to get out of the house. If youâre thirty and unconcerned about APRâs, you need to stop going to the bar.
Seems ridiculous to me, but Iâm sure it could be used as an excuse. I have no idea what insane argument you could make that wouldnât be laughed out of court. If I bought a car off of eBay and paid with paypal and it turned out to be unsafe and I got injured, could I sue Paypal for making the transaction possible/convenient?
