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Good Bye PayPal!!! You will not be missed!!!
 

One of the tech industry’s most storied partnerships is coming to an end.

eBay announced today that it will stop working with PayPal as its back-end payments service in 2020, and will start to move a small percentage of its payments volume to a new partner later this year.In PayPal’s place, eBay has signed a long-term deal with Adyen, an Amsterdam-based payments company that was founded in 2006 and has counted global companies like Uber, Netflix and Spotify among its customer base.

Adyen’s business is solely focused on providing back-end payments services, like credit card processing, to businesses, so you won’t see any Adyen payment buttons pop up on eBay. But Adyen will become the primary payments processor for eBay sites across the world.

After the existing eBay-PayPal agreement ends in 2020, PayPal will remain a payment option for shoppers on eBay, but won’t be prominently featured ahead of debit and credit card options as it is today. PayPal will cease to process card payments for eBay at that time.today that it will stop working with PayPal as its back-end payments service in 2020, and will start to move a small percentage of its payments volume to a new partner later this year.

Re: Good Bye PayPal!!! You will not be missed!!!
 

I think eBay should implement Cryptos. WTF is their CEO doing?

Re: Good Bye PayPal!!! You will not be missed!!!
 

Do not even know this is a good news or not. Who knows if Adyen will not do the same thing as PayPal. The good thing about PayPal is that at least we know how to avoid the linkage but we know nothing about Adyen

Re: Good Bye PayPal!!! You will not be missed!!!
 

Could be problematic for us stealthers

Re: Good Bye PayPal!!! You will not be missed!!!
 

I just got the email from ebay.. I'm thinking this doesnt sound good. Going to have to get LLC and DBA I'm guessing...

Re: Good Bye PayPal!!! You will not be missed!!!
 

For the average buyer on eB, bit complex for them

Yessssssssss. Hope PayPal goes under and burns in he'll. Never been this happy. Hope PayPal dies. Not sure what this means for stealthers just yet. As long as new platforms don't require ssn we should all be ok

Re: Good Bye PayPal!!! You will not be missed!!!
 

Until we really see what Ayden does PP works for me.

Re: Good Bye PayPal!!! You will not be missed!!!
 

TERRIBLE news for us stealthers, IMO.

"To enable payments in their eBay accounts, sellers should expect to provide eBay with some additional payments-related data and transition to a new relationship with eBay that includes integrated payments capabilities."

Now we don't have to use paypal, but we have to use a payment processor which means that you will have to provide everything like real name, SS#, and so on when opening an account and giving false info is a potential felony, and the payment processor and eBay shares data.

In a few years most of us will call having to deal with paypal "the good old days".

Hooray.

Re: Good Bye PayPal!!! You will not be missed!!!
 

"To enable payments in their eBay accounts, sellers should expect to provide eBay with some additional payments-related data and transition to a new relationship with eBay that includes integrated payments capabilities."

That's the part I don't like either.. additional payments-related data can be very personal.

Re: Good Bye PayPal!!! You will not be missed!!!
 

It's the same back in system Etsy uses that I've been circumventing for the past three years. I may get back on eBay more when this goes live.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Does etsy require a SSN or EIN to sell on because of this back end system?

Re: Good Bye PayPal!!! You will not be missed!!!
 

They will require one or the other to verify the shop when you get a request. I have given EIN's to both Etsy and Groupon - two platforms I sell on that use the system. My real info has been burned for years.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Paypal's stock should tank nicely off this news.

Re: Good Bye PayPal!!! You will not be missed!!!
 

https://www.cnbc.com/2018/01/31/ebay...ing-adyen.html


Ebay CEO Devin Wenig
PayPal beats the Street
3 Hours Ago | 01:19

PayPal shares plummeted 10 percent in extended trading on Wednesday, after longtime partner eBay said it's going with a new payments provider.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Since paypal actually has competition now, maybe this will help change their "do what we want and you can't do a thing about it" attitude towards its users.

Re: Good Bye PayPal!!! You will not be missed!!!
 

From everything I have read, it looks like EB will use Adyen for their backend "nuts & bolts" and connect it with something called "eBay Payments" similar to Amazon's own closed end payment platform.

Imagine EB & their payment gaway being one- just like Amazon. Seamless, yet possibly much harder for stealthers to work around.

Even so, PayPal has such a cult following and people are so indoctrinated into using it, it's still going to be around a good while. After all, there are nearly 220 million active PP accounts out there.

Re: Good Bye PayPal!!! You will not be missed!!!
 

this bit of news is nothing special. just means ebay will not place paypal as its preferred payment method but people still can use it as a means of payment and both buying and receiving.

if ebay said something like, we are severing all ties to paypal and we will no longer accept paypal as a means of payment on our website. That is a huge deal but that is not what they are saying here.

paypal will still be utilized on their website like normal.

Re: Good Bye PayPal!!! You will not be missed!!!
 

It's really nothing to get worried or excited about.

Existing buyers will continue to use Paypal to pay for their ebay purchases and it will be many years before the Adyen checkout becomes the main payment method.

No doubt ebay will ask for more information in order to set up a seller account but unless there are huge advances in KYC checks over the next few years, it will still be relatively easy to circumvent.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Money to be made on temporarily shorting it

Re: Good Bye PayPal!!! You will not be missed!!!
 

Paypal's stock has skyrocketed the past year. I'm not that clued in as to why but I'm guessing because they are ahead of the game with Venmo, although if Apple wallet can win that battle I have no idea what else Paypal has going for it.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Comparing etsy to ebay and paypal I have to say that the etsy system is 1000 times better and it's still possible to stealth. With Ebay + paypal you run the risk to get banned from either (ebay OR paypal) while with Ayden implemented you can only get banned from Ebay. Less risk. Thumbs up! Hopefully paypal will suffer from this. I hate them so much. ****hole company.

Re: Good Bye PayPal!!! You will not be missed!!!
 

PP will still be an option...so why worry?

Re: Good Bye PayPal!!! You will not be missed!!!
 

a pro I have thought of is that all those bank accounts that got burned on limited paypals in the past, did not get closed by us (mine are still running and pretty empty) so can be recycled if a new ebays needs creating.....

If it is anything like the amazon integrated system, it runs smooth and they do not ask for anything other than ID, but that is for amazon purposes, not to verify the bank attached...so I see no different legalities here, unless I am missing something...

The upside for me with paypal, was after a relatively short time, you could withdraw as much as you wanted and no holds......

Re: Good Bye PayPal!!! You will not be missed!!!
 

Aryen deposits into banks and verifies they are real.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Its nothing to worry about for a while. It will take years or maybe even a decade. People are very lazy when it comes to change, So paypal will be here for a while.

Remember back in the days, if your old enough to remember, back in like 2000-2003 eBay had there own payment processor and they were trying to compete with paypal at the time. It eventually never caught on, and eBay just end up buying paypal. So lets see if the 2nd time is a charm?

I Never liked paypal, with increase competition lets see how this plays out.

Re: Good Bye PayPal!!! You will not be missed!!!
 

VERY IMPORTANT, READ:::::::


I'll just say this..."HISTORY REPEATS ITSELF."

Ask your self this: has any ebay or paypal updates ever helped sellers or stealth users? NO.

Every update is more and more bad news, and I can almost GUARANTEE this is bad news.



Also please do not say stupid things like "Adyen will rival PayPal."
That's as dumb as saying eBay will now use Apple Pay and give Apple billions in profits instead of paypal (it's own company).
I'll explain...Ebay owns PayPal, in fact more than 50% of PayPal profits comes from eBay. So eBay will not just dump PayPal (their own company) for another company (Adyen).

Adyen is a small company with few hundred million in profits, eBay will make it earn billionS (with an "s") in profits. Do you think eBay will just give Adyen billions in profits without asking for anything back? No.
Here is the scary thing, that no one has mentioned, and what has happened...eBay will own most of Adyen.

It's like this, say you do $1,000 a month in sales and it's just you, so you own 100% of your company. Say eBay comes along and says I can make you do $10,000 in sales, but you have to give me 80% of your company. Would you do it? Of course. 100% of $1,000 is $1,000 But 20% of $10,000 is $2,000.

If you give eBay or PayPal any piece of information (Bank, card, address, phone number, etc.) do you think it benefits you? No.
They store that information on their servers and will only use it against you to link you to past accounts!

It's like police when they arrest you and say "anything you say or do will be used against you". If you admit crime to cop they will use it against you.

The difference now is it's not just ebay/paypal, it's ebay/paypal/adyen. Also keep in mind Adyen is used on various other sites and apps, so if you get banned on one, you are gone for life on all platforms that uses either.

Also don't be stupid and upload same information from PayPal onto Adyen. All info on all 3 sites ebay/paypal/adyen will be in one database and all information will be used against you to link accounts.

Ebay/Paypal has a ruthless "we can do whatever we want" attitude and now that has passed onto Adyen and all the sites that accept that. It's like a dictatorship from another country that has now acquired your country.

And I haven't even got to the fact paypal is not a bank it's an electronic commerce (e-commerce) company. Adyen is a bank. Which means SSN will be required and public verification of identity.

Lastly, don't say PayPal will still be accepted. Ebay will make it very hard to accept PayPal and do various things to promote Adyen. PayPal will just become like skrill on ebay, it'll be accepted but if you say paypal only (like skrill only) very few will be interested.

Re: Good Bye PayPal!!! You will not be missed!!!
 

I just wanted to address and possibly shed some light on some things said by last poster @jackdanielsbtch . Just wanted to set a few things straight on FACT vs. FICTION vs. OPINION



"Ebay owns PayPal, in fact more than 50% of PayPal profits comes from eBay. So eBay will not just dump PayPal (their own company) for another company (Adyen)."

Actually, eBay does not own PayPal, and has not for several years now.



"Do you think eBay will just give Adyen billions in profits without asking for anything back? No.
Here is the scary thing, that no one has mentioned, and what has happened...eBay will own most of Adyen."

How are we to know ebay will own most of or any of Ayden? This seems VERY presumptuous to say at this point. It is merely noted as a partnership at the moment.



"Also don't be stupid and upload same information from PayPal onto Adyen. All info on all 3 sites ebay/paypal/adyen will be in one database and all information will be used against you to link accounts."

I personally highly doubt all three companies (specifically Ayden to PP and possibly PP to Ayden) will be shared. They have no ties, and are in fact rivals in the same field.



"And I haven't even got to the fact paypal is not a bank it's an electronic commerce (e-commerce) company. Adyen is a bank. Which means SSN will be required and public verification of identity."

This definitely needs to get cleared up/addressed. From what I can see, Ayden is merely a payment processor and NOT a bank. They were a startup company a few years ago.



"Lastly, don't say PayPal will still be accepted. Ebay will make it very hard to accept PayPal and do various things to promote Adyen. PayPal will just become like skrill on ebay, it'll be accepted but if you say paypal only (like skrill only) very few will be interested"

I think it is VERY presumptuous to say PP will be hardly be accepted on eBay. It's PayPal after - been around for a long time, in terms of ecommerce. Brand recognition goes a long way with consumers. ESPECIALLY when it comes to their money.


@jackdanielsbtch As much as I and I'm sure most users on here can appreciate your input, you most definitely need to be very sure and 100% rooted in fact when posting on here regarding such specific things, as some newer users might take what you say to be absolutes. Or just note that some things are your "opinion" opposed to hard facts. The more concrete knowledge we have on the forum, the better off we all are.

Re: Good Bye PayPal!!! You will not be missed!!!
 

eBay and PayPal have officialy split as far as ownership goes since 2015.

PayPal is not going anywhere. As the last poster " ernest2449" states, brand recognition goes a long way, and people are so used to using them they will continue to be accepted for the forseeable future. People are not so quick to change, and tend to use things that they are familiar, and feel comfortable with.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Paypal, please don't leave us....
__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

Re: Good Bye PayPal!!! You will not be missed!!!
 

Right, I don't think PP is going to disappear from the eBay platform, but it is the mandatory use of this Adyen backend payment processor that has me worried. So even if PP is still accepted, having to make my account conform to whatever requirements eBay places with their new payment system makes me uneasy.

Re: Good Bye PayPal!!! You will not be missed!!!
 

(1) ebay still owns paypal. yes it's two different companies, they split because one stock is going up and another is going down and the stock going down is dragging the stock going up down. since they split they need to do a few things different to be considered a "different" company. but at the end of the day ebay still owns paypal. if ebay didn't own paypal then who did it sell it to?
It's like a stealth user with two different accounts...two different names, two different VCC, two different selling limits etc etc; at the end of the day it's still the same person lol

(2) Adyen will be preferred on ebay starting this year and paypal will eventually be removed from ebay all together. so no more paypal on ebay.
"PayPal will remain a checkout option for EBay shoppers at least until July 2023, EBay said in a statement. Adyen will gradually take over processing EBay payments, beginning in North America this year and will process a majority of transactions in 2021."
Source: https://www.irishtimes.com/business/...dyen-1.3376737

(3) Ebay may not own most of Adyen but they will own a good portion.
"One would assume, then, that there’s a good chance that eBay is taking an equity stake in Adyen alongside the commercial agreement so it can benefit from the upside this will create. "
Source: https://www.recode.net/2018/1/31/169...ents-agreement

Even if eBay doesn't own most of Adyen, I am sure they would not agree to giving Adyen billions in profit unless they can use their hand and use the same ruthless "we can do whatever we want" policy.

(4) Adyen is a bank.
Source: https://www.adyen.com/blog/adyens-banking-license

Paypal is not a bank. In the USA paypal doesn't define as bank, some of the things like holding payments, banks in the USA can't. Adyen is dutch. The dutch banking system is completely different.
Basically you will have the worst of both worlds. You'll have the same paypal holds, but with the same banking verification (SSN and public data searches).


Again, read the first line of the most. History repeats itself. And ask yourself, has any paypal/ebay update helped sellers or stealth users? No.

Re: Good Bye PayPal!!! You will not be missed!!!
 

verifies what?

Your name? If Aryen verifies eBay account holder name matching bank account owner name, this means the end of stealth as we know.

Re: Good Bye PayPal!!! You will not be missed!!!
 

eBay wised up, TIME TO ABANDON STEALTH...
__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

Re: Good Bye PayPal!!! You will not be missed!!!
 

They verify the account is real, no different than Paypal deposits.

Once again - Aryen is not that complicated and this isn't anything people who have been doing stealth on Etsy and Groupon haven't been dealing with for 1-2 years.

Re: Good Bye PayPal!!! You will not be missed!!!
 

No. No. No. No. No.

Please stop. Adyen has been handling other platforms for several years and not a bit of that (bolded) is true. They do a single micro deposit to verify the account is real and all holds drop off in 5 days.

Re: Good Bye PayPal!!! You will not be missed!!!
 

Thanks for your input @jackdanielsbtch but I believe we will simply have to agree to disagree.

1. eBay does NOT still own PayPal. eBay didn't sell PP to anyone - PayPal and eBay simply split. You have to remember that PayPal was acquired by eBay - so PP was a standalone company BEFORE, and is a standalone company once again.

2. Ayden will be PREFERRED - but PP will not be removed. There is nothing concrete that says that PP will be removed. eBay is wise - and will not remove PP soon, or likely ever. Ayden will simply have more promotion and advertisement on eBay.

3. Per your own words, and the article, it is simply an assumption that eBay will have some stake in Ayden. Not fully or even partially own. Ayden does business with far too many other companies to be owned by eBay in my opinion.

4. Ayden might have a banking license in the Netherlands, but that (to the best of my knowledge) holds no weight in the US. They would have to jump through MANY MANY hoops.

@jackdanielsbtch I truly do not want to have a back and forth heated discussion/debate on this topic. I think it is fair to say that (along with @Gladiator and several other commenters), much of what you are saying is simply false. This is a big announcement and is still in the early stages, so let's just make sure we have the facts before we start spreading half truths [emoji106]

Re: Good Bye PayPal!!! You will not be missed!!!
 

well good luck with Adyen then, it is the most horrible CC processor I dealt with :(

but at least we have got some years until that happens, and probably PP won't be dumped altogether.

Re: Good Bye PayPal!!! You will not be missed!!!
 

all the people saying good riddens to PP and welcoming this new payment processor will probably regret that down the line and dearly miss PP very much like an old lover you used to fight alot with :coffee:;):violin:

(IF PP eventually disappears off EBY platform)

Re: Good Bye PayPal!!! You will not be missed!!!
 

So how will Elon Musk take us to Mars now !