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Visa and MasterCard's reported swipe-fee settlement could be a positive for PayPal (EBAY -2.2%),...

Visa and MasterCard's reported swipe-fee settlement could be a positive for PayPal (EBAY -2.2%), writes Wedbush's Gil Luria. The interchange concessions that are said to be part of the deal would translate into lower fees for PayPal, in addition to the retailers involved in the dispute. Luria expects eBay to eventually earn Visa/MasterCard-like multiples as PayPal's offline payment efforts bear fruit.
Comments (2)
  • Philip Cohen
    , contributor
    Comments (1607) | Send Message
     
    “Luria expects eBay to eventually earn Visa/MasterCard-like multiples as PayPal's offline payment efforts bear fruit.”

     

    What a load on nonsense. From where do you guys get these funny ideas? Direct from the eBay Dept of Spin?

     

    The fact is the eBay Marketplace has been moribund for the past five years since the headless turkey from Bain & Co got hold of the helm.

     

    Now that Visa’s online digital wallet, V.me, is being beta tested (see buy.com), with MasterCard’s offering soon to follow, PreyPal has little future outside of its effectively mandated place on the ever atrophying eBay Marketplace, for even another year, I suspect.

     

    As for Donahoe's delusion that PreyPal "mobile" will ever be able to compete with Visa / MasterCard / Amex at physical point of sale, well, next time you drop into Home Depot ask the cashier how PreyPal is going—LOL.

     

    Indeed, I doubt that anything can now save these two most despised entities, eBafia and PreyPal, from the destruction that has been wrought upon them by the "Pain from Bain", John Edward Donahoe …

     

    And to think that five years ago the stock prices of both eBay and Amazon were ~$40.

     

    “When Do We Start Calling eBay A [Failed] Payments Company?”
    http://bit.ly/KCQt78

     

    And, just for a laugh then, some comment on PayPal’s off-eBay products: "The New Way To Pay In-Store" (at Home Depot), PayPal Here, SmartPay, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay ...
    http://bit.ly/MqwRY0

     

    “Shill Bidding on eBay: Case Study #5”
    http://bit.ly/N1nTlc

     

    eBay / PayPal / Donahoe: Dead Men Walking
    6 Jul 2012, 05:02 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    So this is what is happening with eBay and PayPal. Now I understand and will watch with interest.
    7 Jul 2012, 04:30 PM Reply Like
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