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ebay and paypal closing down?
 

i heard that ebay and paypal are going to be closed down by FBI

does the split between ebay and paypal also mean there closing down soon after?

if they do then we will all loose our business and so where can we all go ?

i have 5 kids to feed

pls advise

Re: ebay and paypal closing down?
 

LOL :lol:

I think this could hardly happen...

Street market with a nice van could be a backup option ;)

Re: ebay and paypal closing down?
 

Where did you hear this....

Re: ebay and paypal closing down?
 

Nice post to increase your post count...

:bored:

Re: ebay and paypal closing down?
 

FBI have closed many websites down recently, i read from forums and also friends who are also selling on ebay

Re: ebay and paypal closing down?
 

FBI have closed does sites like silk road. eBay is a bit different.

Gossip is no use without facts to back it up :thumb:

Re: ebay and paypal closing down?
 

FBI are coming after sellers who make multiple threads on the same topic.

That's their next purge.

I got told that by a monkey at the Zoo just earlier today.

:eek:

Re: ebay and paypal closing down?
 

And the monkey was feeding 5 kids at a tea party whilst relaying this information......

Re: ebay and paypal closing down?
 

:pound:

/10char

Re: ebay and paypal closing down?
 

https://norbertsdad.files.wordpress....sle-of-man.jpg



:en: Bless, EBOB, I knew you would know! Here's the photo for you :en:

Re: ebay and paypal closing down?
 

molto molto LOLlissimo :pound:

Re: ebay and paypal closing down?
 

Best of luck with the 5 kids as you learn about what is really going on.

Re: ebay and paypal closing down?
 

I lol'd. :pound:

Re: ebay and paypal closing down?
 

Love fiction.
I hear theyre shutting down facebook and twitter too...
Then itll be Apple and Microsoft...
Then the death star will give the emperor complete control over us all...
Help us Obi one - youre our only hope.

Re: ebay and paypal closing down?
 

http://upload.wikimedia.org/wikipedi...Ben_Kenobi.png




:thumb: Let The Force flow be within you. :thumb:

Re: ebay and paypal closing down?
 

Under no circumstances will the FBI shut down eBay or PayPal. They are multi-billion dollar legal worldwide businesses.

The FBI MAY crack down on sellers of counterfeit merchandise. That IS possible. But to shut down eBay or PayPal, they would need a VERY GOOD REASON, and they cannot do it just because a small percentage of people MIGHT use eBay to sell merchandise that is stolen or counterfeit.

Smaller websites are a different story. The US Justice Department routinely closes websites that infringe on copyrights and trademarks, or sell illegal items. But large businesses are not likely to suffer the same fate.

Re: ebay and paypal closing down?
 

i disagree

stolen or counterfeit especialy ⊗⊗⊗⊗ replicas is 75% and especialy paintings and art and without this ebay would die out slowly

just like cash converters or pawn shops majority of them sell stolen goods brough in by customers, they accept it because otherwise they would not have anything to sell in pawn shops and would go bust

ebay and paypal are in the monopoly game thast is why they still exist, they will not allow any other websites to get up the ladder


paypal when they first started they made there millions from money laundering transfer of ilegal drug money thats how they got in, therafter banking laws got stricter but they still made it to the level of staying permanent in the market

hsbc bank also got caught transfering illegal drug money, they accepted it because its big commissions and money for them


MP and prime ministers and presidents also transfer illegal drug money but they do it in a smarter way so they wont get caught

also ther is a guy on ebay selling ⊗⊗⊗⊗ paintings in large quanity but in the title main heading he states original, if the painting is original then how come he sold so many and is selling in quantities???

it puts genuine sellers like us out of business

Re: ebay and paypal closing down?
 

...but that wasn't your original post.

You said, THEY ARE closing them down...

Re: ebay and paypal closing down?
 

Still, there's absolutely no way that the FBI will shut either EB or PP down.

That's just not going to happen out there in the real world.

Re: ebay and paypal closing down?
 

I would like to see your source for these figures you are referencing...

Re: ebay and paypal closing down?
 

Where do you get these 'facts' of your from?...


Apart from of cause by you?

You do get original prints you know that sell in large quantity.

Re: ebay and paypal closing down?
 

Um, not convinced these are facts yet, James!!!!

We need to be on top of all of this though..... our business & families need our vigilance


:pound:

Re: ebay and paypal closing down?
 

Ummm... There is NO WAY that 75% of what is sold on eBay is counterfeit or stolen. If that WERE the case, they would have been shut down already.

You may believe that 75% of the listings in the categories you watch closely are counterfeit. But even THAT would be a stretch. For example, you mentioned someone selling paintings. They could be original LITHOGRAPHS. Lithographs are not normally counterfeit - so a person COULD have 25 of one item for sale. I am not looking at the same listing you mentioned, so I am not speaking to that specific listing, I'm just using it as an example.

As for PayPal, they became successful because they were the FIRST company that allowed ANYBODY to accept Visa and MasterCard payments without actually having a merchant account. Back then, it was VERY DIFFICULT to get approved for a merchant account. Mail order firms always had a difficult time and the internet was very new. It was not uncommon for merchant account brokers to charge $300 or more just to APPLY for a merchant account - with NO guarantee that you would get approved - which most people did not. eBay DID have Billpoint back then, but it was EXPENSIVE and hard to use. Same thing for CCnow. Plus, PayPal gave you your funds IMMEDIATELY back then, while CCnow paid you in 21-30 days and Billpoint had their own holds, but I don't quite remember what they were. I DO remember that I HATED Billpoint and would cringe every time a customer would ask to use it. I LOVED PAYPAL! Back then, anyway.

PayPal paid a referral fee of $5 for every new customer you signed up. Everybody selling on eBay sent invoices and said "Why not try PayPal? It is faster and easier than sending a check!" and got paid $5 for every new signup. I made THOUSANDS OF DOLLARS from new signups.

PayPal didn't have to resort to laundering drug money. I'm sure some people used it for that, but not the majority. PayPal grew way too fast for the growth to have been funded by drug cash. There simply is not enough drug related money out there to fuel a growth rate like that.

It is very easy to look at things based only upon your own experience, but you have to remember that these companies (eBay, PayPal, Amazon) do BILLIONS of dollars in business every year, covering all kinds of products - everything from socks to industrial equipment. If you sell paintings, and see a lot of counterfeits listed in that category, it becomes easy to believe that EVERYTHING on eBay is like that, but it is not true. You have to see the whole picture - paintings are a very small part of eBay's overall business.

And hot categories change over time. Right now, cell phones - especially Apple cell phones and accessories - are extremely hot items. In 1995, the hottest category on eBay was Beanie Babies, ridiculous as that may sound. This stuff is always changing.

Ten years from now, DVD's will still be around but a lot fewer people will actually be buying them - everything is moving to streaming. Just like books are still around - but most of the sales of new titles have moved to the e-book format. There will ALWAYS be a market for physical books, especially older titles, out of print titles, etc. it just becomes smaller and smaller. Solar is a quickly expanding category and will be HUGE in years to come. Why? Because costs have dropped to the point where it is actually a RATIONAL decision to have the solar panels installed on your home. Just a few years ago that was not true. I can't predict what everything will look like in ten years, but I know from the things I have previously seen, they will be VERY DIFFERENT from what they are TODAY!

My point in all of this is that it is very easy to look at things only from your perspective.

Re: ebay and paypal closing down?
 

eB stock is on the rise - shows faith by the financial community as well

Re: ebay and paypal closing down?
 

I've been on ebay for 13 years and had dozens of accounts closed by them so in my anger I often daydream that the FBI will shut one or both down.
As you say , its unlikely as they are huge businesses - however....

I would say that paypal operate illegally by randomly withholding funds and limiting accounts and making interest on money that does not belong to them.
It may state they can do this in their T&C's but the bottom line is that keeping the money for 6 months amounts to theft.
And we all know the stories of completely legal legit sellers who have had these problems .
Here in the UK a news programme reported on 2 fairly large businesses almost thrown into bankruptcy due to paypal withholding their funds.

Regardless of the precise number both ebay and paypal make millions every day from the sale of counterfeit goods.
Those of us who are collectors can spot bootleg merchandise in our chosen field in seconds yet sales continue.
Ebay may say they are fighting piracy but overall they don't really do too much about it because they make so much money from it.

I would say that nobody in the world makes as much money from the open sale of counterfeit/ illegal goods as paypal and ebay and that on its own would be enough for the FBI to step in and stop them trading for a while even though complete closure seems impossible.

Re: ebay and paypal closing down?
 

the commissions which ebay make on transaction of counterfiet goods is also illegal money and should be convescated by police, ebay knows all that money is illegal so why ebay not tell police or fbi and give it to them to be convescated?, but ebay keeps that illegal money

Re: ebay and paypal closing down?
 

This thread is fantastic!

Re: ebay and paypal closing down?
 

are you an art dealer OP?

Re: ebay and paypal closing down?
 

Many years ago they did but more recently I found that once I was suspended I got fee refunds for hundreds of items which worked out to a fair amount.
I quickly made a phonecall to get the refund added to my paypal account so I could get the funds while I still could

Re: ebay and paypal closing down?
 

yes very nude art, you intrested?

Re: ebay and paypal closing down?
 

how can you get reund as a seller from the items you have already sold

Re: ebay and paypal closing down?
 

I heard the FBI shutdown the Easter Bunny, Santa Claus, The Tooth Fairy and the Turkey will no longer be eaten on Thanksgiving.....I heard it on a forum....
http://2.bp.blogspot.com/-zPoEF9riJy...foil-hat-3.jpg

Re: ebay and paypal closing down?
 

Message of eb and pp separating is on the header of PP accounts but nothing about closing down

Re: ebay and paypal closing down?
 

talk about stating the blooming obvious.

FFS.

:FF:

Re: ebay and paypal closing down?
 

Is that Temsa's information pool employees?

Re: ebay and paypal closing down?
 

why yes, yes I am....

Re: ebay and paypal closing down?
 

yes I did it via chat before, if you are nice, have a good reason, and a 'noob' they will recredit you sometimes....

Re: ebay and paypal closing down?
 

i got the strong feeling, that it is other way around!
eBay and PayPal could sue FBI for harassment!

In this new age of internet world, new e-commerce are booming every day!
I live in India, ebay has been here since 2005, last year amazon launched.

But interestingly other local e-commerce sites like flipkart.com, snapdeal.com, shopclues.com etc have been dominating both ebay and amazon!