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June 13, 2008

eBay Australia\’s PayPal only policy blocked

eBay Australia’s PayPal only policy blocked

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Friday, June 13, 2008

The eBay logo

eBay’s PayPal and cash on delivery policy was blocked on Friday by the Australian Competition and Consumer Commission (ACCC) after it released a draft ruling citing that it was an “anti-competitive effect” and calling on eBay to postpone its policy which is due to take effect next week.

ACCC’s final ruling is still pending however it is unusual for the ACCC to reverse draft rulings once issued.

In a statement eBay said that it was “disappointed” by the ruling and that “eBay believes the consumer benefits of this initiative are worth fighting for on behalf of its buyers which will ultimately benefit sellers.”



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  • “eBay Australia to only permit payment via PayPal” — Wikinews, April 12, 2008

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

April 12, 2008

eBay Australia to only permit payment via PayPal

eBay Australia to only permit payment via PayPal

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Saturday, April 12, 2008

The eBay logo

On the back of new restrictions being imposed on eBay users in the United Kingdom requiring that sellers offer PayPal payments for all sales, eBay Australia is mandating that only PayPal payments will be acceptable as of June 17. PayPal is a wholly-owned subsidiary of eBay, and charges a 30¢ transaction fee, plus a commission between 1.1% for high volume traders, and 2.4% for low value or low volume traders. These higher costs will be passed onto buyers.

Cash payment on pick up will be the only other payment option, and it may only be offered in conjunction with PayPal.

eBay has brought in this restriction under the guise of improving customer protection, bolstering its “Paypal Buyer Protection” insurance programme to allow claims up to A$20,000 instead of the previous maximum of $3,000, however as of June 17 many of the items which would exceed $3,000 are no longer covered by the programme, such as services, vehicles, real estate and businesses.

eBay Trust and Safety director Alastair MacGibbon said this change was not in response to the once-off fund established in March to refund eBay buyers who lost their non-existent holiday accommodation packages from the Melbourne eBay seller Robert Kobis. Mr MacGibbon said “It is part of a much larger initiative”.

In addition to these measures, Paypal will be withholding funds from some sellers for 21 days

Cquote1.svg .. until the earliest of the following occurs:
  • the buyer leaves positive feedback,
  • 3 days after confirmed item delivery
  • 21 days without a dispute, claim, chargeback, or reversal filed on that transaction
Cquote2.svg

The Australian Competition and Consumer Commission has held discussion with eBay, but declined to comment. The Australian Consumers Association spokesman Christopher Zinn said the unique use of PayPal could give rise to competition issues, however if the costs charged stayed as they were, they had no further concerns.



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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

March 25, 2008

eBay to make PayPal mandatory for UK sellers

eBay to make PayPal mandatory for UK sellers

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Tuesday, March 25, 2008

The eBay logo

According to an announcement on Monday by United States-based on-line auction website eBay, the option to accept payments via PayPal service will be mandatory for United Kingdom sellers beginning in April 2008, with the exception of auctions relating directly to the sale of motor vehicles.

The announcement claims that the move will help improve confidence as well as further reducing the limited amounts of fraud which occur on some types of transaction. Sellers with low feedback, or who list specific items, such as computer software are already required to accept payment via PayPal.

Under the new policy, sellers will however still be able to accept payments via other services, provided they are on eBay’s approved list. Google Checkout, a competitor to PayPal in the field of retail payment services, is notably absent from the list of accepted payment methods.



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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

May 15, 2007

PayPal receives banking licence

PayPal receives banking licence – Wikinews, the free news source

PayPal receives banking licence

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Tuesday, May 15, 2007

PayPal currently has its headquarters in San José, California, together with several other eBay divisions.

The online payment service PayPal has received a banking licence in Luxembourg, promoting it to the status of a bank. As a consequence PayPal will move their headquarters to Luxembourg.

Since 2004 PayPal had the status of an Electronic Money Issuer supervised by the U.K. Financial Services Authority. Having an official bank status opens new prospects for the company: “This will allow us to actively scout retailers in different European countries. With our British licence, we could only do that in the U.K. itself, and in other countries we could only react to requests of the retailers themselves,” Christopher Coonen, General Manager of PayPal Southern Europe and Benelux, explained.

The change will not affect existing customers dramatically, says Coonen: “We are going to inform them of the new status, and they will have to accept our terms of service again.” He also said that for now, there were no plans to use the new licence to offer traditional banking services, but the possibility was being evaluated by PayPal. Working with local partners would be an option to accomplish this, according to Coonen.

The British newspaper The Daily Telegraph speculates that the move is part of a strategy to compete with Google’s payment service Google Checkout, which launched in the U.K. last month.

PayPal has 130 million users worldwide, and 35 million customers in Europe. Payments via its mother company eBay continue to make up 60% of PayPal’s revenues. More than half of Britain’s internet users have a PayPal account.

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

November 1, 2006

Bomb explodes at PayPal headquarters

Bomb explodes at PayPal headquarters – Wikinews, the free news source

Bomb explodes at PayPal headquarters

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Wednesday, November 1, 2006

A bomb exploded at 7:24 pm on Tuesday at the PayPal headquarters, a subsidiary of eBay, located in San Jose, California, causing the evacuation of employees from the building. Authorities stated that the explosion was “not an accident.” Spokespeople for eBay said that the incident was “isolated” and that there were no injuries or deaths reported.

“It’s definitely not an accident. Everything else there is accounted for. This was not any kind of accident or malfunction,” said San Jose Police Sgt. Nick Muyo. He added that authorities have yet to find any kind of explosive device or material.

“We believe this is an isolated incident. We’re working closely with local authorities. We have everything under control,” said Amanda Pires, a spokeswoman for the PayPal division of the company.

The blast was seen from the street and was located in an area where workers take breaks. The initial damage reported was a broken window near the blast site.

Fire officials do not yet know the specifics of the bomb’s makeup.

“Whatever it was, it disintegrated. Whatever caused this was pretty strong,” said San Jose Fire Department Captain Jose Guerrero.

The San Jose Police are working with agents from the Alcohol, Tobacco, Firearms, and Explosives Bureau (ATF) and the Federal Bureau of Investigation (FBI), but it is reported that the San Jose Police are in charge of investigating the blast. There are no suspects at this time.

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

October 12, 2005

eBay buys VeriSign payment service division

eBay buys VeriSign payment service division

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Wednesday, October 12, 2005

Verisign logo.jpg
EBay logo.png

eBay and VeriSign announced an agreement late Monday for eBay to acquire VeriSign’s debit and credit card processing division. This division would become a part of eBay’s PayPal.

eBay will pay VeriSign $370 million in cash and stock for this division. Starting in the coming year eBay will begin using two-factor authentication from VeriSign. Two-factor authentication is a type of transaction protection that gives users digital certificates or one-time passwords helping to protect against identity theft.

“This acquisition allows PayPal to give our customers more choice in payment services and grow our merchant services business even more quickly,” said president of PayPal Jeff Jordan.

“In working with PayPal and eBay, we are going to be offering them our security technology, allowing them to offer their users stronger forms of authentication,” said VeriSign CEO Stratton Sclavos.

Last year VeriSign’s gateway business processed $40 billion in transactions. It is expected to generate an additional $100-million revenue for eBay in 2006. It is also expected to increase the customer base by 100,000. The acquisition is expected to close this quarter.

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

September 4, 2005

PayPal freezes $20k in hurricane relief donations

PayPal freezes $20k in hurricane relief donations

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Sunday, September 4, 2005

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Online money transfer company PayPal is reportedly blocking over $20,000 in donations from the website Something Awful, donations intended for the American Red Cross hurricane Katrina relief efforts. Rich Kyanka, founder of Something Awful, reports that the account he set up for Red Cross donations has been suspended by the eBay-owned subsidiary due to “suspicious behavior”.

According to Kyanka, PayPal is requesting “proof of delivery”, even though there is no item being purchased and the account was set up to accept donations. The account remains frozen. Kyanka is attempting to solve the problem by faxing various documents to PayPal in order to prove the legitimacy of the drive.

According to recent updates posted on the Something Awful website, Kyanka was requesting that refunds were issued for all donations that were sent. According to Kyanka, the account was frozen because PayPal has no link with the Red Cross.

A solution proposed by PayPal was to have all donations go to the United Way. While initially accepting offer, Kyanka reconsidered when Something Awful readers objected to having their donation sent to the United Way — partly due to the organizations troubled past. Instead of the PayPal donation setup, Kyanka has requested that readers send any donations directly to the Red Cross.

Something Awful, despite being a humor website, has a history of running donation drives for certain causes, including purchasing ballistic chest plates and body armor for a platoon in the US Army’s 25th Infantry Division during the 2003 Iraq War. The Something Awful webservers are located in New Orleans where Hurricane Katrina hit.

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

June 20, 2005

Google planning PayPal rival

Google planning PayPal rival – Wikinews, the free news source

Google planning PayPal rival

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Monday, June 20, 2005

Larry Page and Sergey Brin, co-founders of Google

Financial analysts say Google is planning an e-wallet service that could eventually compete with eBay’s payment service PayPal. Google has not confirmed the development.

The rumor is a first sign of Google’s expected expansion of revenue sources to capitalize on its advertising customer base and search-engine traffic. What form that expansion will take has been a hotly debated subject for the company whose stock valuation momentarily made it the world’s biggest media company on June 7, 2005. Even Microsoft has been mentioned as a possible future competitor.

Ebay’s stock valuation dipped more than 2% on the news. Paypal currently accounts for one-fifth of the company’s revenues. But one business analyst saw potential benefit for Paypal[1], depending on exactly how the “Google Wallet” takes shape. The uncertainty underlined the lack of substantive information behind the rumor.

According to the New York Times, the CEO of a major online merchant, who spoke on the condition of anonymity, was approached by Google to take part in this service. Steve Langdon, a Google spokesperson, declined to comment.

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This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

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