 Wall STreet sings praises of PYPL
Just came across a report on PYPL-
Since the split in 2015,
Ebay agreed to give Paypal at least 80 % of its business ,it will end in July 2020.
Paypal agreed not to do business with its competitor in a big way.
Ebay accounts for 9% of Paypal business,after july 2020,Paypal revenue will drop but so will expenses,as Ebay business is high maintenance ,too much squabbles,fraud ,call center support.and development costs.
Paypal has done well with other clients,of the top 20 marketplaces it served,growth has been like 40% unlike Ebay in single digit, FB,WMT and Instagram love Paypal,as they can leverage Paypal extensive knowledge of merchants to filter who it should allow to sell on its platform to better control product quality.
How nice to know,thanks Paypal,next time when one is turned down by WMT.com,we know why?.
Then it goes on and said pAYPAL has bought a 70% interest in a Chinese company to provide online payment services in China,so ALIPAY,watch out !
VENMO is doing very well,so are Braintree,Xoom,iZettle whatver that is.
Paypal stock price $102.53
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