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Bill Me Later, eBay's (EBAY) other big online payments business, continues to perform well....

Bill Me Later, eBay's (EBAY) other big online payments business, continues to perform well. Bought for $945M in 2008, BML delivers short-term credit to online shoppers. It generated $2.3B worth of loans last year (+64% Y/Y), and has become the Web's #3 alternative payment option. Morgan Stanley's Scott DeVitt thinks BML, whose usage comes with the ancillary benefit of allowing PayPal to avoid transaction fees, could generate $500M+ in revenue in 2015, up from less than $200M in 2011.
Comments (6)
  • Philip Cohen
    , contributor
    Comments (1607) | Send Message
     
    Hmmm, "Bilk Me Later". Seeing as how neither eBafia nor PreyPal are licensed to provide credit and PreyPal is not a FDIC-insured "bank" but is licensed only as a "money transmitter" how does this supplying of credit by whoever work?
    13 Jul 2012, 08:07 PM Reply Like
  • kmi
    , contributor
    Comments (3967) | Send Message
     
    PayPal's value is in securing your credit information. It arose specifically to enable online commerce when no other entity could provide real security, and continues to safeguard your financials in a way no other entity does or can.

     

    Think about paypal next time you get a call from your bank about replacing your credit card because your information has been compromised.
    14 Jul 2012, 11:05 AM Reply Like
  • Philip Cohen
    , contributor
    Comments (1607) | Send Message
     
    I’ll think about Visa’s V.me, in beta testing at buy.com, thank you, an online “digital wallet” product, with statutory protections, from a reputable organisation with dynamic links to my retail banker; not some clunky, unscrupulous, non-prudentially regulated, non-FDIC insured, non-bank, stand-alone middleman, who is licensed as no more than a “money transmitter” …

     

    Once V.me is generally available, PreyPal will quickly be relegated to little more than its effectively mandated place on the atrophying eBay Marketplace. As for Donahoe's delusion that PreyPal "mobile" will ever be able to challenge Visa / MasterCard / Amex at physical point of sale, well, I can only repeat, next time you drop into Home Depot ask the cashier how PreyPal is going—LOL.

     

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

     

    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

     

    eBay / PayPal / Donahoe: Dead Men Walking
    14 Jul 2012, 05:02 PM Reply Like
  • SoldHigh
    , contributor
    Comments (983) | Send Message
     
    PreyPay fees are usury imo.
    13 Jul 2012, 10:00 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    It becomes increasingly apparent that neither ebay nor paypal know what one hand is doing from the other never mind any inter-departmental or company cooperation/coordination. Try calling either one to sort out any issue - no matter how trivial - and time your call, but be prepared for ' I need to pass you on............
    14 Jul 2012, 04:26 AM Reply Like
  • sr1977
    , contributor
    Comments (318) | Send Message
     
    The only way you get good customer service at PayPal is if you become an Advantage Club member. Membership is automatic if you do $5K a year or more in transactions. The difference is amazing: Instead of waiting on hold forever for a Paypal rep to answer your phone call, your call is answered by the third ring. The rep who answers your call has a senior ranking to the regular reps and can usually resolve any issues without transferring you to anyone. But it still sucks giving them 4% on every sales transaction, on top of the 9% ebay takes.
    14 Jul 2012, 05:39 PM Reply Like
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