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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
PayPal is pretty good at making changes and not following through on defining what those changes are.
They seem to have drifted into this mindset after they were purchased by eBay (big surprise!) But when eBay sold them off–they kept the eBay methodology.
So sad–they used to be a great company.
But then Etsy was once a great company, too. So was Amazon. Don’t know eBay well enough to say it was or not.
These companies WILL fade away over time. Very few companies survive generationally. Newer ones are embraced by the upcoming generation & then the old ones collapse.
Just did search & turns out PayPal is now owned 100% by foreign investors in China.
PayPal is a publicly traded company on the American NASDAQ exchange.
PayPal owns 100% of GoPay, a China-based digital payments platform, but not the other way around.