PayPal had a great Q2, adding three more airlines, launching mobile-payments with Sprint Nextel, gaining access to two major PSP's with 18,000 combined merchants, introducing PayPal Pay Later across all EBAY listings, pursuing innovative promotions, and celebrating its 10th year anniversary. So what growth can we expect in Q1?
PayPal Merchant Services continues to make huge strides in signing up new merchants and capturing a larger share of merchant payments. At the same time, as PayPal Merchant Services becomes more ubiquitous across merchants, the more e-commerce growth as a whole (estimated at 17% in 2008) weighs on the division. After three consecutive quarters of greater than 60% Y/Y growth in TPV, I expect the Merchant Services to slow to 55% Y/Y growth in Q2.
On-EBAY TPV is the wild card in Q2. If my 14% Y/Y growth in Marketplaces GMV for Q2 is correct, the effect on PayPal's on-EBAY TPV is staggering. Because of increasing PayPal penetration across EBAY Marketplaces around the world, my estimate would result in a 22% Y/Y increase in PayPal's on-EBAY TPV. To put this perspective, it would be the highest on-EBAY TPV growth in 6 quarters.
Putting both of these together and doing the math, I expect overall PayPal TPV to grow by 36% Y/Y in Q2. And just like in Q1, I expect revenue growth will lag TPV growth by roughly 1% due to continued erosion in PayPal's take-rate (as a result of payment funding mix).
I therefore predict record PayPal revenue of $613 million for Q2 2008, a growth rate of 35 Y/Y. If correct, this would represent another all-time record quarter for PayPal and a substantial acceleration in growth from Q1.
Q2 Predictions for eBay Business Segments 35 comments
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Q2 Predictions for PayPal
Q2 Predictions for Marketplaces
It's been another eventful quarter for EBAY Marketplaces that has included new efforts to promote cross-border trade, the launch of EBAY Partner Network, the culling of Live Auctions, a legal tangle with craigslist, new buy.com partnership models, testing of buyer reward programs, controversy in Australia, integration of PayPal Pay Later, and a partnership with Microsoft Cashback. So what top-line growth can we expect in Q2?
Analysts expect EBAY listings grew by over 25% Y/Y in Q2 driven by lower listing fees. I think this will be coupled by a hit to conversion rates of approximately 7.5% Y/Y and a hit to ASP mix of roughly 5.0% Y/Y. This yields approximately 10.0% Y/Y organic growth in GMV. Adding 4.0% of Y/Y growth from FX benefits, we get overall GMV growth of approximately 14.0%.
But as we know from previous quarters, revenue is growing faster than GMV because of the relative outperformance of non-GMV businesses including classifieds and advertising. Taking into account a modestly lower take-rate on GMV and using previous quarters as a guide, we can expect an additional 5% of Y/Y growth, bringing Marketplaces' Y/Y revenue growth to about 19.0%.
I therefore predict record Marketplaces revenue of $1.536 billion for Q2 2008, a growth rate of 19.0% Y/Y. If correct, this would represent another all-time record quarter for EBAY Marketplaces.
Q2 Predictions for Skype
It's been another busy quarter at Skype that has included extended partnerships, problems with the FCC, an appearance on the iPhone, unlimited overseas calling plans, a new mobile beta, envious competition, and a controversial Skype 4.0 beta preview. But now that we have concluded Q2, what about Skype's financial performance?
Q2 is always Skype's weakest quarter, and with Q1 already disappointing, I'm not expecting any earth-shattering performances. Just like last year, peak concurrent users stayed roughly flat throughout the quarter (at around 12.4 million). This compares with an average of around 11.8 million peak concurrent users in Q1 and would therefore represents approximately 5% Q/Q growth.
Assuming flat revenue per concurrent user and adding 2% of Q/Q growth from a depreciating USD, we get revenue growth of approximately 7% Q/Q.
I therefore predict record Skype revenue of $135 million for Q2 2008, a growth rate of 50.0% Y/Y (or 7.0% Q/Q). If correct, this would represent another all-time record quarter for Skype although it would represent yet another quarter of quickly decelerating growth.
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This article has 35 comments:
ACEOart.net
What listings growth? Listings are down to 13 - 14 million and continue to spiral downward. Ioffer and eCrater combined listings are near to that half count and rapidly increasing!
And that's not even including Etsy.com, whose growth is off the charts!
I was a Powerseller with 100 % feedback who did not linger long enough to let the dsr dissaster catch up to me.
Lack of integrity and ethics is lack of integrity and ethics.
There is no listing growth. No matter how hard it's nattered about.
www.powersellersunite....
Tell me- does it matter if listing count is up when conversion is down- substantially? It is the FVFs that eBay makes the bulk of their money from not the listing.
Tell me- if 3% + of all "sold" items result in a bidder not paying does it sill have positive results for eBay's strength?
How well do you think PayPal will fare when eBay goes under? The reality is paypal is entirely dependent on eBay. They have only managed to permeate the market outside of eBay because of eBay users having PayPal accounts. What is going to happen when these sellers on eBay leave and don't accept paypal - only use google checkout or merchant CC accounts?
If eBay.com goes down eBay Inc will follow every holding, subsidiary, sister/daughter company they have is dependent on eBay.com. Shopping.com is nothing and eBay is putting links/ads for shopping.com on eBay- directly competing with eBay.com auctions- why? because eBay.com is all they have- without us they lose everything.
The loss of sellers= loss of buyers (both the sellers and their customers) is significantly affecting eBay.com - less traffic because of less products, result in more sellers moving on- eventually (and coming on strong) eBay will wither and will no longer have the traffic to bolster their other entities.
It is stunning how analysts- columnists- commentators all fail to really look at the whole picture before they foolishly write this BS.
</i>
Translation: as ebay sellers leave, their listings are replaced by the listings of mega-stores like Buy.com. However, since the leaving sellers paid full listing fees, and Buy.com et. al. pay none, there is a hit to revenue. Since Buy.com has a terrible sell-through rate (2.4%, yes that's not a typo!), a further hit to overall conversion rates and revenues takes place. This analyst thinks this hit will be overcome by rising revenue from advertising and FX. Do note that he does NOT break out Marketplace revenue from listings vs. other sources. This is no accident. Ebay will trumpet the rising listing numbers, which they can pad at will, and hide the falling listing revenues as best they can.
First, I always use eBay as a reference when I buy anything online and, even today, I usually find it offers the most value on the internet for about 90% of my purchases. I can't even start to calculate how much money I have saved using eBay.
Second, the economy is tough and some sellers will obviously feel the pinch. It is so easy to blame the party that continues to make money as the culprit but the fact is retailers all over the world in every venue are having to tighten their belts.
Third, its really funny to go around to a few eBay blogs and it is always the same group of posters bashing eBay in every forum possible. I say it is funny because looking at the graphs above, I would seem that as a whole, eBay sellers are selling more than ever and eBay buyers buying more than ever. I suppose there are lots of people like me out there especially now that every dollar helps.
The only thing that is keeping eBay's numbers afloat is the empty promises they've made to powersellers & the deal with buy.com. Once you take these numbers out of the mix there's nothing left but small sellers & they're leaving in September.
Why? The new selling form goes into effect in September & I don't know one seller who will tolerate having competing advertising appear in their listings from buy.com and other eBay competitors.
eBay is also prohibiting communication via confirmed email address between buyers & sellers in September. This will result in lower DSRs & more Paypal chargebacks because buyers won't be able to ask questions.
Tomorrow I'm contacting the Govenor of Florida because I've been waiting for a Paypal payment to clear for over a week while Paypal earns money on the float.
How long do you think airlines & others who recently "signed up" for Paypal will tolerate this practice? I suspect not very long & since banks aren't allowed to do this so neither should Paypal!
Remember that the Q reports are not for eBay.com alone, the question is how long can eBay Inc depend on Paypal to hold up the company as a whole?? not to long if eBay.com goes down
@User 222762
That is exactly what puzzles me too- why when the economy is so bad is eBay.com struggling- (the sellers know if it is struggling- those charts are worthless) - I would expect to see the auction format in full swing with people hope to get a steal, but they aren't. There are numerous auctions that don't sell with a 99 cent start, and some that sell for the the 99 cents. Why do you think this is?
Taking that even further - I find it very interesting that ecommerce as a whole is the only market experiencing growth currently, yet eBay is struggling- badly.
So what do you think is accounting for these unexpected outcomes?
To clarify the picture look to google products. It indexes all products, organizes them perfectly, integrates with google checkout seamlessly. They don't charge anything. Google has done better at setting a foundation for growth. Ebay knows this & they panicked......dramatic... increased fees, and made changes that are inconsistent at best ( I believe ridiculous ). The changes preceded a huge unprecedented sales drop. This stock will be close to $10/share in no time and only powersellers know the real story.
More stories like this will make ebay PUTS real cheap....I plan to make money on them , since there is no money on ebay anymore.
EBay, on the other hand, posts approx 700 million listings a quarter. So, unless I am missing something, buy is less than 1% of eBay listings. If that is so, its pretty insignificant given how much noise has been made about it.
#1 I have heard buy.com only does 3 or 5 day listings, hence it becomes more than 1% of listings. That is huge for 1 company.
#2 The Buy.com deal is a sign of ebay's weakness. Why do people go to ebay? To get good deals. Buy.com listings are about 20% more expensive on ebay. Does anyone think this will sustain ebay's long term growth? Ebay subsidizes listing fees to a company that undercuts them?!?
#2 Again, I don't quite understand these things but if they are priced higher than other sellers on eBay then nobody will buy them in most cases. In cases where they are the only supplier of a specific good, they might get the sale. So I don't see why this is a weakness for eBay. It keeps a backup supply on the site.
Also, this is not very scientific survey, but from checking a few listings, it seems to me buy listings are priced the same as on their merchant site.
If buy.com replaces over half a million listings from sellers who left and they don't pay a listing fee but only pay a final value fee on the measly 2.4 percent they are selling...where is Ebay's profit????? The rest of Ebay's site has about a 30 percent sell thru rate.
I can tell you Ebay's listings are down about 2 million from the amount of listings they had before the Feb. boycott. The night before the boycott I noted their listings at almost 15,500,000 - now they are down around 13,300,000. They haven't made up that loss - not even with buy.com listings....on the other hand, sites like iOffer, ecrater, ebid, etc. have seen their listings rise - tells me that's where the ebay sellers are going. Take a minute and go to iOffer or ecrater or even little etsy.com and go to their forums and you'll find countless ebay "refugees" determined to grow their businesses outside of ebay. I could go on and on about the callous treatment of sellers who seem to be around only to be milked for profit by Ebay...but I won't go into it. Just surf to those sites and read the forums. Nuff said.
I feel you have it exactly. eBay's listing count keeps sinking. The sites you mentioned (excluding etsy for the moment) comprise now around half of ebay listings and are DAILY increasing. So, if a huge chunk of ebay listings are buy.com what is that telling us?
Now to etsy. This site is jumping up the charts! According to Alexa, the site traffic counter, ioffer ranks 3600, ecrater 8700, but etsy ranks at 1100! Just a couple months ago, a couple!, they were at 1600!
That, folks, is phenomenol!!!
eBay and cheerleaders are living in a state of denial. It may take a year, maybe less, maybe longer, but I don't think ebay will survive.
I closed my account with them. I won't do business, now or in the future, with a company that is so LOST to integrity!!!
Because it is so BRAZEN about it!!!
As for listings numbers, you can't really compare single day readings as they can be affected by promotions, boycotts, or even the weather. You need to compare the total for the quarter and I think that shows a different picture. But hey, I am not a seller so I am pretty sure I know less than you about this.
An ebay exec was quoted at ebay live conference that they can not exist in it's current state in 2 years. Everyone was shocked, even me. However it makes sense once you see the progress google has made with google products. It is superior to ebay in every way. It's a matter of time until the google PR machine comes in and cleans house. The real question is how long before they push it....the answer to that question will dictate how fast ebay's stock collapses ( the only real way to make money on ebay )
The worldwide count of listings per Qtr may be 800M, but the majority of the non-USA listings pay little-to-no fees. That is why The Street is so concerned about USA Growth. Currently, the other two major growth sites, Germany and UK, are hitting the skids, as well.
Ahem, back to USA listings. They run at approx. 12M per week and this includes only USA listings, not the UK and AU listings that ebay allows on the site thru a 'backdoor' plan. Such listings are counted twice - once on their primary site and again on the USA site - by analysts. They haven't ever caught on to that.
The Buy.com seller lists 500K per week; that is a little more than 4% of total ebay.com listings. Many of these listings are bogus. A battery for $6, with $12 shipping, etc. Recently, they listed some graphic comic books thought to be more for a Mature category, but sold in the comic book category.
Ebay allows this behavoir because ebay needs to sustain the listings. As it is, Buy pays no listing fees and has a conversion rate of less than 3%. Their only contribution is a bump in listing numbers.
Some would ask, "What does it matter? Ebay's total listing count isn't important."
The total listing count isn't important - ebay could have 50M listings, but if none sold, ebay would go bust. And if those listings were for FREE, like for Buy.com, ebay would make negative revenue. That means that the dividend you currently don't get would be for even less.
But, any time someone (in the blogs) asks, "What does listing numbers matter?", they always seem to know the number of listings per Qtr/Yr. Funny, no? The traders know that metric is worthless, yet they still give it value. Can you say BSC?
EBAY/PAYPAL COUNTERFEIT RING
PLEASE READ, IT PRACTICALLY SHOWS THAT EBAY IS INVOLVED!
OK, tell me if this is all, just a coincidence.
The 2 girls, on these 2 message board threads:
forum.purseblog.com/eb...
-309773.html
AND
forum.purseblog.com/eb...
ms-using-us-postal-ser...
Received fake/knock off items, bought from Ebay. Both were told to send the items to the following address, where they would be ''destroyed''.
Paypal Returns
12750 Perimeter Drive Suite 154
Dallas TX 75228
One girl asked, since it was being destroyed, could they write ''FAKE'' all over it, just so that it was never resold. They were told ''NO'', that it MUST be in the same condition, as it came.
One of the girls happened to look up the address and realized that it belonged to a company named, Liquidity Services Inc.
Liquidity Services inc., is a business surplus reseller. Is ebay giving these buyers a refund, from the sellers account and then taking over ownership of the item and reselling it, for profit, when it is supposed to be destroyed? The website that this company resells from is called www.liquidation.com/in...
This is an email, that one girl got from Paypal, when she filed her claim:
======================...
A refund on this transaction will be awarded to you once the item, in its original condition, is shipped to the following address:
PayPal Returns
12750 Perimeter Dr Suite 154
Dallas, TX 75228
Attn: Buyer Protection Claims - #PP-************
Make sure to include your case number in the address above.
NOW I'M IN THAT PURSE BLOG AND THIS IS WHAT I POSTED (A question about her email):
Dragonlady, where it says
"Attn: Buyer Protection Claims - #PP-************"
How many numbers, is that PP#? (this will be brought up, farther down)
I was doing a little investigting last night. I went to liquidation.com and was just looking around. I did a blank search and chose the Dallas, TX location, since this is where Paypal is telling people to ship. I also chose ''returns'', for the item condition, to only bring up the returned items.
I noticed several sellers, that sell a LOT of stuff there, so....
On a whim, I decided to see if any of those names, matched up with ebay ID's and this is what I found.
Liquidation.com Seller (Onlinereturns), There just happens to be an ebay seller named ''Onlinereturns''. Lets check their feedback, on toolhaus.org:
toolhaus.org/cgi-bin/n...
ns&Dirn=Received+b...
Ok, that must just be a coincidence, this guy is selling FAKE stuff and is now naru'd (Not a registered user).
NEXT:
Liquidation.com Seller (Techexcess) Wow, there is an ebay member, with the same name, as well. Let's check their feedback:
toolhaus.org/cgi-bin/n... Hmmm,
Must be another coincidence, that this person is selling all kinds of used/broken junk! (Ebay returns?)
Liquidation.com Seller (ReturnsManager) Out of a feedback score of 18, 10 of them were negs/neuts and they are now naru'd, from ripping people off:
toolhaus.org/cgi-bin/n...
Are all these, just coincidental? Surely they wouldn't use the same name on ebay, would they?
I then typed in Vuitton on the resellers website and chose Dallas as well and came up with this:
web.liquidation.com/au...
If you click on the 4th title down, it takes you here:
cgi.liquidation.com/au...
Click on the ''view manifest'' link, next to ''quantity in lot''.
you will get this: www.liquidation.com/au...
Notice to the fair right, under notes...what are these numbers? That per chance could not be the ''PayPal case #'' that they were TOLD to include, would it? No way, couldn't be. They would not be that stupid, would they?
You can also look at each pic in the auction, by scrolling down and clicking ''view all photos''. I was looking at the pics and noticed a pen that is made by Mont Blanc. Just a little strange, because I remember seeing that name, somewhere...
OOOOhhhh, it was here, the last negative by the seller ''OnlineReturns'', before he got naru'd...ok, please don't tell me that this pen, is the same pen and is just circling around and around.:
toolhaus.org/cgi-bin/n...
I then found an article, where it says this:
''Because of its reliability with online resellers, Liquidity Services is ranked as Paypal's #1 bulk source for inventory"'
findarticles.com/p/art...
You've got to be kidding me, right? Paypal promotes and sends sellers to Liquidity Services to buy in bulk/lots. The buyers of that junk/fakes, list on ebay. Those sellers are now selling fakes and junk and may not realize it. Paypal refunds the buyer, who purchased the fakes, out of the sellers account. Ebay keeps the sellers listing fees and the final value fees, which is a good amount on the high priced fake designer items. They then have the buyers ship the junk/fakes, BACK to Liquidity Services and then they RESELL it, again in lots, to the next sucker. He then in turn lists it on ebay, who takes the fees AGAIN and the circle just continues.
This is their actual meaning of ''returns' on the liquisation.com website: "Returns were sold to a customer, who then either physically brought the item back to a store or mailed it to a specified location. Reasons for returning a product may not have any correlation to its usefulness."
Heck, this sellers actual name is ''returnresale'' and ALL his items are from DALLAS, TX.
www.liquidation.com/au...
Funny how they have a bunch of stuff and then throw in a pair of LV boots, guarantee they are fake!
cgi.liquidation.com/au...;
Another one, where they just throw in a LV product, with other junk:
cgi.liquidation.com/au...;
This one in barely advertised, just thrown in like the seller has no clue, what it is, making the buyer think they have a steal:
cgi.liquidation.com/au...;
This seller was found, after I typed all of the above. I did a search for Vuitton and left the location open. A different seller I noticed came up (Designersforless). Once again, just on a whim, I tried ebay, to see if that name had a match. Funny, there is a member named desingersforless on ebay. They last sold something on May 22, 2008, but before that, no sales back til November. Probably because their feedback was starting to look bad, from all the negs. So, 3 days AFTER the new policies came into affect, they must have noticed that their feedback jumped back up, from the new 12 month rule, where all your past history is wiped clean by ebay. Oh, great she says, let me start scamming again. This is the feedback, from what they listed:
Item purchased was not an authentic RL Polo,bad quality.Seller refuses to refund.
Reply by designersforless (May-23-08 13:21):
Buyer unable to provide proof that shirt is not authenitic.
This seller, has stuff up for sale now...are they all fake? This is a seller to watch and keep and eye on the feedback, to see if there are any more reported ''fakes''. If they sell fake stuff somewhere, they are more than likely going to do it again, somewhere else (Liquidation.com). This is what they have sold on liquidation.com and all are ''AS IS'', which means you are STUCK with it: www.liquidation.com/au...
Are all these FAKE returns, from ebay? Has anyone been asked to ship items, to a California address, where this person sells from? Found out later that YES, people have sent to CA, another location of Liquitity Services Inc.
You can see by the following links, that loads of people are getting ripped of by this company (LSI), because all their lots are, AS IS. I guess they decided that ebay, wasn't working too good and people were noticing the fakes and getting refunds, so they start listing on liquidations.com and then no one can get refunds, because they are ''AS IS'':
www.ripoffreport.com/s...= &q6=&q3=&q...
www.ripoffreport.com/s...
reviews.ebay.com/SELLE...
www.salehoo.com/forum/...
We have now found sellers, who sold authentic items only to be told by the buyer, that it was fake. This one sellers states that the buyer, was an ebay employee????
We really need to get someone to send something back and have it marked, to see if it comes back on ebay or if it's listed on liquidation.com, for resale after it was supposed to be destroyed.
ALL THIS IS JUST TOOOOO COINCIDENTAL!
Of their listings I saw, they list for 7 days with multiple items (eg. 50 of the same item), I am wondering how the sell thru rate is calculated. Does it have to sell out all the 50 items to count as a successful listing?
As for all the Buy.com bashing, they actually have a very decent DSR. 4.8/5. You wont get this high if you over charge for shipping
I actually thing Buy.com is good for ebay, sucks for mom and pop.
and they are pulling listings and closing their accounts. A forum related to MY EBAY BETA is over 1,500 postings long, over only a 2 week time frame, and these are all complaints raging against the involuntary reprogramming of their membership into a test that they were not informed of, not asked to be in, and not given the option of opting out. It is dictatorship at best, and definitely a very poor way of treating paying customers!
It's no wonder everyone is dumping the stock and it's already almost to it's lowest this past year..just a dollar less and that'll be the beginning to a slow death.
The Beta test was thrown at membership in an incomplete format, and is unusable, slow, causes discomfort to those who are vision impaired, and has absolutely NO redeeming features whatsoever. The programming team on this one needs to be replaced.
There are numerous other complaints being voiced, in addition, the sellers who own PRO-STORES have been disconnected from their store, by ebay programming ineptitude.
The responses from customer service is canned, and gives false solutions, dead links, and poor references.
Ebay is now technologically crippled. Thousands are dissatisfied, there is fraud and abuse with reporductions of anything of value, and in general, management of the site is progressively going downhill.
The stock is teeter tottering at it's lowest yearly price, and this poor guy blogging on "only ebay" must have lost his shirt by now!LOL! Just wait...it's going to get worse!
FIXED LINKS (IF IT DOESN'T WORK THIS TIME, IT'S THE SITE THAT IS RUINING THE LINKS):
EBAY/PAYPAL COUNTERFEIT RING
PLEASE READ, IT PRACTICALLY SHOWS THAT EBAY IS INVOLVED!
OK, tell me if this is all, just a coincidence.
The 2 girls, on these 2 message board threads:
forum.purseblog.com/eb...
AND
forum.purseblog.com/eb...
Received fake/knock off items, bought from Ebay. Both were told to send the items to the following address, where they would be ''destroyed''.
Paypal Returns
12750 Perimeter Drive Suite 154
Dallas TX 75228
One girl asked, since it was being destroyed, could they write ''FAKE'' all over it, just so that it was never resold. They were told ''NO'', that it MUST be in the same condition, as it came.
One of the girls happened to look up the address and realized that it belonged to a company named, Liquidity Services Inc.
Liquidity Services inc., is a business surplus reseller. Is ebay giving these buyers a refund, from the sellers account and then taking over ownership of the item and reselling it, for profit, when it is supposed to be destroyed? The website that this company resells from is called www.liquidation.com/in...
This is an email, that one girl got from Paypal, when she filed her claim:
======================...
A refund on this transaction will be awarded to you once the item, in its original condition, is shipped to the following address:
PayPal Returns
12750 Perimeter Dr Suite 154
Dallas, TX 75228
Attn: Buyer Protection Claims - #PP-************
Make sure to include your case number in the address above.
NOW I'M IN THAT PURSE BLOG AND THIS IS WHAT I POSTED (A question about her email):
Dragonlady, where it says
"Attn: Buyer Protection Claims - #PP-************"
How many numbers, is that PP#? (this will be brought up, farther down)
I was doing a little investigting last night. I went to liquidation.com and was just looking around. I did a blank search and chose the Dallas, TX location, since this is where Paypal is telling people to ship. I also chose ''returns'', for the item condition, to only bring up the returned items.
I noticed several sellers, that sell a LOT of stuff there, so....
On a whim, I decided to see if any of those names, matched up with ebay ID's and this is what I found.
Liquidation.com Seller (Onlinereturns), There just happens to be an ebay seller named ''Onlinereturns''. Lets check their feedback, on toolhaus.org:
toolhaus.org/cgi-bin/n...
Ok, that must just be a coincidence, this guy is selling FAKE stuff and is now naru'd (Not a registered user).
NEXT:
Liquidation.com Seller (Techexcess) Wow, there is an ebay member, with the same name, as well. Let's check their feedback:
toolhaus.org/cgi-bin/n...
Hmmm,
Must be another coincidence, that this person is selling all kinds of used/broken junk! (Ebay returns?)
Liquidation.com Seller (ReturnsManager) Out of a feedback score of 18, 10 of them were negs/neuts and they are now naru'd, from ripping people off:
toolhaus.org/cgi-bin/n...
Are all these, just coincidental? Surely they wouldn't use the same name on ebay, would they?
I then typed in Vuitton on the resellers website and chose Dallas as well and came up with this:
web.liquidation.com/au...
If you click on the 4th title down, it takes you here:
cgi.liquidation.com/au...
Click on the ''view manifest'' link, next to ''quantity in lot''.
you will get this: www.liquidation.com/au...
Notice to the fair right, under notes...what are these numbers? That per chance could not be the ''PayPal case #'' that they were TOLD to include, would it? No way, couldn't be. They would not be that stupid, would they?
You can also look at each pic in the auction, by scrolling down and clicking ''view all photos''. I was looking at the pics and noticed a pen that is made by Mont Blanc. Just a little strange, because I remember seeing that name, somewhere...
OOOOhhhh, it was here, the last negative by the seller ''OnlineReturns'', before he got naru'd...ok, please don't tell me that this pen, is the same pen and is just circling around and around.:
toolhaus.org/cgi-bin/n...
I then found an article, where it says this:
''Because of its reliability with online resellers, Liquidity Services is ranked as Paypal's #1 bulk source for inventory"'
findarticles.com/p/art...
You've got to be kidding me, right? Paypal promotes and sends sellers to Liquidity Services to buy in bulk/lots. The buyers of that junk/fakes, list on ebay. Those sellers are now selling fakes and junk and may not realize it. Paypal refunds the buyer, who purchased the fakes, out of the sellers account. Ebay keeps the sellers listing fees and the final value fees, which is a good amount on the high priced fake designer items. They then have the buyers ship the junk/fakes, BACK to Liquidity Services and then they RESELL it, again in lots, to the next sucker. He then in turn lists it on ebay, who takes the fees AGAIN and the circle just continues.
This is their actual meaning of ''returns' on the liquisation.com website: "Returns were sold to a customer, who then either physically brought the item back to a store or mailed it to a specified location. Reasons for returning a product may not have any correlation to its usefulness."
Heck, this sellers actual name is ''returnresale'' and ALL his items are from DALLAS, TX.
www.liquidation.com/au...
Funny how they have a bunch of stuff and then throw in a pair of LV boots, guarantee they are fake!
cgi.liquidation.com/au...
Another one, where they just throw in a LV product, with other junk:
cgi.liquidation.com/au...
This one in barely advertised, just thrown in like the seller has no clue, what it is, making the buyer think they have a steal:
cgi.liquidation.com/au...
This seller was found, after I typed all of the above. I did a search for Vuitton and left the location open. A different seller I noticed came up (Designersforless). Once again, just on a whim, I tried ebay, to see if that name had a match. Funny, there is a member named desingersforless on ebay. They last sold something on May 22, 2008, but before that, no sales back til November. Probably because their feedback was starting to look bad, from all the negs. So, 3 days AFTER the new policies came into affect, they must have noticed that their feedback jumped back up, from the new 12 month rule, where all your past history is wiped clean by ebay. Oh, great she says, let me start scamming again. This is the feedback, from what they listed:
Item purchased was not an authentic RL Polo,bad quality.Seller refuses to refund.
Reply by designersforless (May-23-08 13:21):
Buyer unable to provide proof that shirt is not authenitic.
This seller, has stuff up for sale now...are they all fake? This is a seller to watch and keep and eye on the feedback, to see if there are any more reported ''fakes''. If they sell fake stuff somewhere, they are more than likely going to do it again, somewhere else (Liquidation.com). This is what they have sold on liquidation.com and all are ''AS IS'', which means you are STUCK with it: www.liquidation.com/au...
Are all these FAKE returns, from ebay? Has anyone been asked to ship items, to a California address, where this person sells from? Found out later that YES, people have sent to CA, another location of Liquitity Services Inc.
You can see by the following links, that loads of people are getting ripped of by this company (LSI), because all their lots are, AS IS. I guess they decided that ebay, wasn't working too good and people were noticing the fakes and getting refunds, so they start listing on liquidations.com and then no one can get refunds, because they are ''AS IS'':
www.ripoffreport.com/s...
www.ripoffreport.com/s...
reviews.ebay.com/SELLE...
www.salehoo.com/forum/...
We have now found sellers, who sold authentic items only to be told by the buyer, that it was fake. This one sellers states that the buyer, was an ebay employee????
We really need to get someone to send something back and have it marked, to see if it comes back on ebay or if it's listed on liquidation.com, for resale after it was supposed to be destroyed.
ALL THIS IS JUST TOOOOO COINCIDENTAL!
Liquidity Services Inc. and N.E.W. Customer Service Companies, Inc. have a partnership. NEW recovers an increased revenue stream on the resale of returned merchandise through its partnership with Liquidity Services, Inc. (LSI).
NEW says "Not only does LSI provide us with a quick and easy way for our customers to send in merchandise and receive remittance checks, but the company uses its expertise in the secondary market to resell returned and damaged items for the highest market value."
LSI provides the following services (Notice it says nothing about authentification or destruction)
Pre-paid return mailing label generation and delivery to customer
Receipt and processing of return packages
Online resale of merchandise including marketing, inventory lotting, manifest creation, photographing and creation of online auctions on LSI’s marketplace, Liquidation.com
Real-time and transparent reporting throughout entire process
Once packages arrive at the warehouse, LSI begins a comprehensive process to merchandise and resell the returned inventory
through its online auction marketplace. The end-to-end management of this process includes:
ONCE AGAIN, NOTHING ABOUT AUTHENTICATION OR DESTRUCTION
Reconciliation of returned items
Creation of product manifests
Evaluation and lotting of items into size/categories to generate highest return
Photographing of items for display on auction site
Creation and launch of online auction events on LSI’s marketplace, Liquidation.com
Implementation of marketing campaigns to support current auctions
Assisting with buyer questions, shipping information and logistics, and payment collection
Complete and transparent tracking information for each item/ lot sold
See the full page here:
www.liquidityservicesi...
It might take people a few months to come to this realization, but eventually they all do. E-bay is not a place to do business...if you're in it for the profit...and who isn't? So, that said, what is so hard to understand about the fact that e-bay is going to shrink and shrink until it becomes a non-factor. They have more enemies than friends. That alone will sink you in time. They have turned against the very people who made them. Those same people will destroy them. You only find out the strength of your allies when they turn on you. I was, like many, a person who endorsed ebay to everyone I knew. I am now working twice as hard to inform people of better and more friendly options. Do the math on this...there is no greater advertiser than face-to-face word of mouth. I and many other are determined to give them the same respect they gave us...no more no less.
There is absolutely no doubt ebay has been padding their listing and doctoring their books (that is an absolute proven fact). With that being a fact, and it is...doesn't it make you wonder how far the fraud goes? It's not the first time this type of thing has happened...why would everyone be so surprised to see another giant fall due to it's own greed and corruption?
They forgot the number one rule in business. Take care of your customers...guess what, the sellers were there customers. If you have nothing good to sell there will be no buyers. If you have only common items, then you may as well go to W-mart.
As soon as the "new" sellers (if they really exist in any numbers) realize they are not making money...poof! off to a different site they will go. The competing sites are growing larger everyday. They still know the value of each individual person who works on their site. It it truly only a matter of time before we see ebay fall. The writing is written clearly on the cracking wall...read it before someone sells you a piece of e-bay in an online aution -- on another site.
If you don't believe me up to this point...then try this: Punch in any search about e-bay that isn't complimentary towards them...see what you get. You will have to go back pages and pages before you will find anything about (say a huge boycott that is currently underway). You will see some information about a boycott from February that had little impact. Isn't that interesting, when you can't read a thread on e-bay that isn't loaded with boycotters. Many don't even call themselves boycotters anymore...as they have just moved on. I am one of those people. I now sell happily on another site, and am determined to have this site crush e-bay. That is the conviction e-bay and the investors don't seem to understand...but they will. I promise, they all will.
The media control and censorship of the truth is the only thing keeping ebay from collapsing quicker than it already is. It's underway and it's irreversible. Soon the only thing associated with selling and ebay will be the selling of their stock.
Ebay Inc. EBAY (NASDAQ GS) N/APre-Market After Hours $N/AChange: N/A N/AVolume: N/A
$23.98Change:-4.12 -14.66%
Volume:63,559,725
observation based on the loss of traction in the financial report of
Q2 attributing the 3 point downgrade to the "economy" and the "power
seller discounts", "buyer coupons", and what they refer to as "among
other things" as their list of reasons for why the Marketplaces sector
is flailing. Three investment gurus agreed. What puzzled me was why
they did not seem to know much about the customer base that generates
the income for ebay, the auction sellers, not the bidders/buyers.
In their attempts to re-engineer the site, they have long planned out
(at LEAST 2 years) a complete makeover of the entire site making it
pleasing to the eye, and fun to watch with all the flashing
advertisements! Just think of all the affiliate links they can
generate attention to and drive more hits to their site to search for
the best of the best...
The trouble is, the NEW search has to first be tried out on their
members, randomly, because they want to perform the BETA testing
without paying test subjects before unleashing their gift on the
general public.The search functions have not yet been completed nor do
they work effectively for potential buyers and well stocked sellers
who have most of their lives invested in this business.
Add to that, the most indispensable program interface used for the
last few years, called "MY EBAY" has now morphed into a cartoon-like
caricature of something that looks like it came out of a Jetson's
comic book page.This program interface attempts to integrate the buyer
and seller preferences, but actually compromises the seller's ability
to list, monitor, communicate with buyers, and complete their
financial transactions correctly.This has been a huge surprise to the
sellers of successfully marketed items, who now have to look at empty
sales records and no bids or visits to their auction items.
Credit should be given to the data collectors, since, with their
limited amount of time they have left to address the technological and
logistical problems, they at least attempt to "listen"
nonjudgementally to the cries of despair from the already-stressed-out
auction listers.They cannot, however, do anything more than to report
the difficulties and mistakes of the programming to the development
engineers who have so faithfully carried out the wishes of the CEO's
and Board of Directors, without mentioning a word to the ones who they
collect fees for selling, the sellers.
At this very time, moving to the end of July, there are ebay sellers
and buyers from other countries who have been led into the maze of the
new BETA BEST MATCH search, as if it were a preparation for marketing
meat to the general public, without describing this as it seems...
Many ebay members (5%) have been enlisted by the company to be
unsuspectingly forced into a condition that they refer to as "not
being able to opt out" of the given programming, which, has been
stated, is not yet complete for release! Some of these sellers and
prolific buyers have halted their activities due to the system not
responding to the requested needs for change, in order for them to
complete business transactions.
Obviously, how can the value of the Marketplaces go up higher if
there are sellers who cannot operate the interface of the actual site
itself? How?? and when???The interfaces are getting progressively
more complicated and technologically challenged with each passing day.
With no preparation for this testing, these sellers could have
accelerated their listings before hand, OR they could have volunteered
to test the new versions when they had the opportunity to do so
without being scrambled by a poor program's lack of intuitiveness.Now
they are just angered by the lack of respect they have been paid by
this kind of "last minute surprise" treatment and the inability to use
the older reliable version of the programming to earn their
livelihood.
The buyers are experiencing just as much frustration at the inability
to be able to follow the items they want and can find, IF they can
find them, and that is a BIG if. The only items easily found are those
propagated by the marketing companies who are selling their business
sales programs on the site as a way to save the seller's
business.These sellers have been sitting quietly in wait of a bid,
most of which, their items are scrolled past if the potential customer
wants to even bother turning multitudes of pages, since these items
all look the same with very high fixed prices and free shipping
offers.
Was this the original ebay that made the company the success that it
became? Is it a place to work for the "stay at home mom" or retired
veterans,or the teachers and nurses who need to supplement their
marginal incomes to feed their families?Is it a place where new
businesses can thrive without having to outsource to other countries?
Are the forum boards on the ebay site ONLY populated by flea market
sellers who mail out smoke filled packages to unsuspecting 30
somethings, then complain that they cannot get their ratings high
enough to show up in the searches? Is this the picture that had been
portrayed by the leaders of the industry as the source of their ills?
I think maybe the stockholders and investment gurus should take a
closer look at the over 2500 posts to any one subject, so that they
can judge for themselves, instead of listening to the propaganda by
some,and not being able to analyze the problems independently, without
bias because they didn't do enough homework.
That's about it. Until we all meet again...at another flea market!
It is certainly all there to see for those who are willing to do their homework.
Do not be stuck holding an ebay stock in their current state. Some of it is the economics of the country, while the majority of it is poor corporate decisions not being thought out or researched enough prior to implementation.
I will say it right now, you don't have to listen...
Ebay is breaking many laws and will be held accountable for their actions at some point in the near future. I can't see them hiding their "creative" accounting and business practices for much longer before they are exposed.
Mark my words...and it would be advisable to use this time to do your own investigation while you still have a shirt.
You will have to search beyond the first pages of google to get past the propaganda.