Forum

eBay Inc. to create two independent public companies—eBay and PayPal
 

Will this give sellers a break or will make things complex with refunds?

*************************************************

eBay Community:

This week, eBay Inc. announced it will create two independent public companies — eBay and PayPal — in the second half of 2015. This will ensure each business is best able to serve its customers' needs and thrive well into the future. You can read more about it here at Home | eBay Inc.

The creation of independent eBay and PayPal businesses will take up to 12 months to complete so this has no immediate impact on your account. Likewise, you can continue to count on everything you expect from eBay today. Innovation, value, trust, selection, and global reach will remain central to our business. And we will continue to work closely with PayPal to ensure payments remain a seamless part of the eBay experience.

As an active customer, you help make eBay what it is. eBay has always been more than a store. It is a community of people — buyers and sellers — connecting around the world. Thank you for being part of this amazing community. As we begin this next chapter of the eBay story, you have our commitment to make sure people like you remain at the heart of everything we do.

We are excited by the opportunity ahead and look forward to working with you in the future.

Best regards,
Christopher Payne
SVP, eBay Marketplaces

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Anyone's guess....but I believe they are doing it simply for $$. Ebay and Paypal are each worth more in total as 2 companies than they are as one...

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

We should try and get Aspkin to buy PayPal, now that would give us an edge!!!

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I hereby 2nd that motion.....I'd rather him buy Ebay....but I'll settle for paypal.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I can see that potentially as they won't be sharing information there may be reason for PayPal to see more risk on certain accounts more than they do now. This may be because they won't have access to certain information on the eBay side that they previously did.

Complete speculation but reading between the lines...

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

they will still probably be very intermingled. But as far as stocks go,t hey will be seperate companies. There will be no change.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I think when it will happen more banks will give Paypal the information they need.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Is this just for US/Canada? Since in the UK ebay and paypal are two distinct companies already, I know they were together before (in the UK). If you ever call ebay regarding something that happened on paypal and vice versa, they will tell you to call the other company, wont give out any information and will remind you that their not one company.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

And why is that? if you don't mind sharing.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

To assess risk on each transaction...

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Forget banks....we're talking about EBAY & PAYPAL....banks don't come into it, PayPal aren't a bank and wouldn't need a bank to assess any risk - they do a bad enough job of 'assessing' that already.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Umm, this is for money and profit only.

No one cares about all you little sellers on here.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

My only concern would be that currently with them being the same company if a buyer opens a case on ebay and loses that's the end of it, they can't open one on paypal. With them being separate companies I hope that it won't allow a buyer the ability to open two cases if ebay doesn't go their way.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Paypal misses me on my big accounts. I think they care, lol at least about the money I no longer force through the paypal system.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

they finally listened to their investors

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Banks may protect our information because they're afraid Paypal will use it against us to make more profit. If banks will look at Paypal without looking at eBay they might over look their regulation regarding what kind of information to provide. Obviously to prevent fraud cases, more banks will cooperate with them in the future. I just think because of this new rule it MIGHT happen more often.
Of course mainly its to make more profit by making investors invest more.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Banks hate paypal. Or at least the dozen I work with. Kelly, my local TD banker says they are a bully in the financial world, lol

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Someone on an online selling FB page I follow suggested this is so eB can be sold to Alibaba. Here's a story that may back this up ~

eBay-PayPal Split Not Designed for Sale to Alibaba

Seems far fetched to me but you never know.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

China specials foo foos all the way!

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Investors have been agitating for this split for a long time now. They feel that eBay is holding PayPal back. PayPal has been providing most of the earnings growth over the last several years and financial stocks have done much better than eBay - which is why investors feel they would be better off if the companies were split.

I don't see many changes happening. eBay and PayPal will continue to cooperate and will still share data (most likely).

You have to remember that the only thing we can all count on is the game will constantly change. Those of us who were selling online in 2011 can tell you that selling today is quite different. And nobody here knows exactly what 2015 will be like, but I can promise you it WILL be different than it is today. It is the nature of the beast.

Remember travel agencies? Remember what it was like 15 years ago, buying a home, driving to a dozen places to check them out? Or when Best Buy was the most popular store in America? When cell phone charges were 30 cents a minute and you could end up with a $600 bill if you were not careful? When you could sell what you liked on eBay and nobody would bother you? When it was all checks and money orders instead of PayPal?

Times change. We have to be able to adapt. Freaking out won't help.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

As @jeffweico said. Couldnt have said it any better. Best advice? stick around on this forum and if anything erupts out of the blue, we will find a solution. Just as ebay/paypal fought to kick many innocent people off their site and the stealth guide was born, expect more things like this to happen and newer versions of the stealth guide to be released. It will be a battle month after month with change after change, but it will never be impossible to conquer.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

i think they will simply change the user agreement so you have to agree for them to share the info if you want to continue using pp/eb, if not they will just close you account, i would say thats what will happen

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I dont imagine much change. Paypal is getting into private money lending and advances(purchases of futures) and they will make MORE money without ebay involved. A paypal rep recently told me that ebay has a lot of customers and makes paypal new customers but for them to grow they have to stop working directly with ebay. He also explained that paypal has lost tens of thousands of there best customers because ebay closed so many accounts so fast. Paypal wants those customers back and I can say they seem to be working hard at doing it. Things like paypal here and better web integration along with simple retail checkout is a huge step forward for small or new retailers, especially ones looking to farm off of ebay and amazon.

Another factor is AMAZON. Paypal almost got amazon as a client in recent time. Amazon would be paypal's BIGGEST and most profitable single client. They can only do this separate from ebay.
Personally I like Paypal and think this could be great in many ways not directly related to ebay sales.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

ebay/paypal cases should not be integrated the way they are. Payment reviews should be handled better and very easily could be if not directly integrated with ebay. Tons of little glitches could instantly be fixed. Ebay dipping into your pocket via paypal may be reduced as well. Bulk paypal discounts are more likely to happen. I like the idea.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

If ebey shut down peoples accounts, then paypal being seperate from ebay still isn't going to have them getting a paypal account. So they can do what exactly? Maybe it's good for people on this forum, but those tens of tousands of customers? They'll still be customers with paypal accounts and no ebay.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Paypal has offered many of us 1%ers who lost our ebay accounts last year many options to use paypal. Paypal wants our business OFF of ebay. That is what they are doing for many of the tens of thousands of closed accounts last year.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

You have to remember paypal is a credit card processor number one. Ebay just happens to be the majority of paypals business. There is a lot more private commerce in this world than there is on ebay alone. Paypal wants that business.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

The potential for paypal to now work with amazon is an interesting point and of course could be extremely profitable for paypal. But then again, amazon did release amazon payments so they may not want to help paypal since its a competitor.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Amazon is well know in the processing world for chargebacks. They are leaps and bounds better but still a big issue. Paypal on the other hand is know for very little chargebacks. Amazon stepping away on the processing side could be more competitive(or simply make more in fees, depending on the exact approach), offer more security for buyers and sellers alike.
It is interesting to say the least.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

You sell in another world then. I get chargebacks for $10, $20, $30 items long past the 45 day mark. People just want free sh!t and they don't care who they steal it from. I've only won a couple.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

What the heck do you sell? I haven't received a single chargeback that was unwarranted. The few I did receive were my fault and they weren't from ebay.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

James13v, unknown most likely has more transactions than you, not the item. I had more chargbacks last year in one day than my previous entire decade of retail sales combined. Chargebacks, especially with amex is the easiest way for casual scamers to get money back.
I get ten to one on Amazon and I sell more in one week on ebay than I do in an entire year on amazon.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Correct. I focus on high volume lower priced products. So I'm shipping 7 days a week. But, people just lie and get their money back no problem. Especially since my prices are lower. I think it's just that much easier for the credit card companies to force a chargeback and PP approves it. When some moron calls their CC company and freaks out over $20-$30, they can pretty much say whatever they want and it will be approved.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

If paypal operated as a bank how do they let so many create so many stealth accounts ?

would you trust your investment money with them ?

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I've sold about $400,000 worth of items, from $5 to $500. And the RARE chance I got a charge-back, it was due to my own negligence.

Tho I would like to hear what unknowns volume is.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I sell more than that per month on some accounts. Sometimes tens of thousands of items a month, other accounts 400-500 $400-2000 items

I find cheap items get most chargebacks. Also the cheapest items in a category. What I mean by that is if I am selling for example complete compound bow packages in the archery industry, sell a $1800 Hoyt Carbon Element, never an issue, but sell a Bear Archery $375.00 package and tons of issues. It is the buyer quality. Also tax season has far and away more issues for me on Bottom of the barrel high end items. The person who has to wait for the tax returns to buy a $400.00 item oftentimes has unrealistic expectations. Fortunately if you have a robust paypal account you can win almost all "Buyer Remorse" chargebacks. On the amazon side, you loose basically all chargebacks.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Paypal will never operate as a bank. They are a credit card processing company at heart with exceptional technology and systems.

Private lending and Purchasing of futures is not banking and definitely not operating as a bank. Try walking into Band Of America and ask them if they will lend you 8% of the last 365 days gross income and see what they say.

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

I did see bill me later change to PayPal credit

I wonder if the 180 day change is because of the split

On a side note I saw one of pp ex exces is running gdot bank?

Lots of huge changes

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

They really will be huge now, I see them getting really big without eBay

Yes eBay put them on the Map, but now they are just holding them back, and once paypal is cut lose , they really will take over the world in online transactions

Other companies would not use paypal (Amazon) because eBay is a direct competitor, but not any more

I see Amazon bringing paypal along, I think they will almost need to, just because so many feel more comfortable making a purchase through eBay today

Once paypal is its own Company than , by Amazon adding that option, they will just grow there MarketPlace

I'm very curious what this will mean to sellers, and how information will be exchanged, Wow this is huge, and seems like a done deal early 2015

Hopefully it's beneficial to sellers and not just another killer, which I'm afraid of, the movement has been going to eliminate all us small sellers now for a while and this past year alone with the changes in both market places it seems that even though eBay and Amazon are competitors, the one thing in common is they are limiting the small seller.

But PayPal will be a giant, now, that they are able to move freely and get into markets that they could not because they were competitors because of eBay

What Genius this whole thing is, PayPal will become bigger than eBay now, I see them now in every market of online transactions

So hopefully, eBay will conform more to the sellers now that they no longer have the revenue generated by PayPal , it could work in our favor, but I'm always doubtful even though I have some hope

Re: eBay Inc. to create two independent public companies—eBay and PayPal
 

Dmshark25, I have been assured and reassured that Paypal does want and is willing to adjust to sellers especially NOT on ebay. What paypal allows me to do with transferring/moving large(to me) amounts of money in no way any small or large bank would allow. Also paypal has a GIANT advantage of being a financial institute and not a bank. They are a company and the Federal Reserve does not have there hands in that pot of gold, yet, anyways.
Paypal is fast. I can send money to anywhere in the world and before I check my email the funds are there. It is crazy fast eliminating the federal reserve. I see more and more businesses grasping this. I can compete with fortune 500 companies for this reason alone. I can send money in USD, receive it in another currency and have product paid for three-21 days faster than a TT.