Would a Stripe-Owned PayPal Be Good for Sellers?

by: tuneseller425

Making PayPal less popular? At least in my case, that would be pretty difficult to do. I only use PayPal when I absolutely must, like on marketplaces that don't allow other payment options, or as a buyer when a seller accepts only PayPal.  But honestly, in many cases, if a seller only accepts PayPal, I often don't make the purchase unless it's an absolute MUST have.  I didn't mind PayPal years ago, but they have changed.  They are fraudulent and have extraordinarily unreasonable legal agreements (for example, you are not guaranteed to get your order in the condition described if PayPal's automated system deems that it is intended for resale - and that system is NEVER wrong, according to PayPal).  Thanks, but I'll keep my money!

by: Rexford

I'd be ok with Stripe, but I'd give a big thumbs down to the private equity company.

by: etectra

" taking over payment-processing itself through "Managed Payments."

eBay does manage the payments at all. They are handled by Ayden, which eBay acquired 15% of by making Ayden their exclusive payment processor.

Before MP you would transfer payments to PayPal and then to your bank account where they would start earning interest within a few days. eBay fees were due on the 15th or last day of the month, which you then charge to your credit card and not have to pay for nearly another month. You would then earn typically 1, 1.5, or 2% of the amount charged back as rewards from the credit card. You could dispute expenses eBay is infamous for charging for services never ordered as well as double billing. MP was about raising prices and taking away your consumer rights.

Carl Ichan is said to have forced eBay to spin odd PayPal into a separate company in 2015. That same year he exchanged 46.3 million shares of eBay for PayPal stock. How smart is it to get rid of PayPal's exclusive deal with eBay and then acquire stock in PayPal? So how much other compensation from eBay did old Carl get for ushering in eBay raising prices and taking away consumer rights under the guide of spinning PayPal? The clear winner in the spin-off was eBay and not PayPal!

by: etectra

I would never accept PayPal or Stripe as I am not interested in giving away free merchandise and shipping.

I only accept Zelle.

I especially do not accept PayPal when one day they wanted a copy of a government i.d. despite the fact I have been using then since they were called X.Com and were giving away $5.00 to join.

Even my online banks do not have my government i.d.

by: pace306

Why would ANY 3rd party payments co be worth that much ...?  What are they smoking?

Unlike eBay who went and (partially) bought into a bank - so they could only pay the fees V/M charged them was a smart move. They kicked Paypal to the curb and kept the extra % for themselves. Not telling anyone meant they didnt have to discount anything to sellers and could use that extra $ to report as income during any quarter they wanted to - to make it appear they were growing!  (nice con job there eBay - but some of us know your games)

What does Paypal bring to the table? When they were part of eBay - they did the processing because eBay could not/was not able to for a myriad of reasons. Also, it let eBay and Paypal bounce sellers back n forth ... playing good cop/bad cop at will. "See i would LOVE to give you back your funds but XXX (depending on whose turn it was) wont let!

Yes Icahn cut them loose - but that was because eBays reputation is/was SO BAD that Paypals association with them meant that no one else wanted to do business with them! I mean really, when you say I do business with eBay - people just laugh.

Now back to this ...Stripes gone no where, and trying to buy out Paypal wont help it become a player, at all. Mountains of debt after the buyout, little to no future growth meanst hey will BOTH go down in flames.

"PayPal has the trust factor and is familiar to almost every online shopper" .... it has a name (not trust) but no future.

by: Geetar

I have not used paypal in quite a long time. Probably years. I kind of scoffed at the idea that after the paypal / ebat split that paypal was valued higher than ebay. I kind of figured they would die a slow death. Honestly without ebay, they loose. Just the habit of using paypal because of ebay kept it afloat. Out of sight out of mind.