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PayPal (EBAY) has acquired card.io, provider of technology that allows developers to scan...

PayPal (EBAY) has acquired card.io, provider of technology that allows developers to scan credit-card info using a phone's camera. Card.io's solutions have gained a following due to their ease-of-use relative to manually inputting CC data on a phone - Google can vouch for consumer unease with the latter. PayPal, which recently launched a mobile card reader, handled nearly $4B worth of mobile payments last year, and is shooting for $8B this year.
Comments (1)
  • Philip Cohen
    , contributor
    Comments (1607) | Send Message
     
    Wot, another purchase; can't they do anything themselves. And, "to scan credit-card info using a phone's camera." ...

     

    Now that Visa’s online digital wallet, V.me, is being beta tested (see buy.com), with MasterCard’s offering soon to follow, the PayPal "pig" will need more than just some new lipstick on it and some reorganising for it to survive outside of the 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 headless turkey from Bain & Co, John Edward Donahoe …

     

    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

     

    And from an observer of the clunky PreyPal on eBay’s own forums:

     

    “I just ordered an item [online] from Buy.com. When I completed the “fill in the blanks” stuff, I had a choice of payment. There was the usual charge card form and then three offerings with logos:

     

    Pay by Visa V.me
    Pay by Google Checkout
    Pay by PayPal

     

    “Funny, isn't it, which one was last. I thought there was some kind of arrangement between eBay and buy.com, a platinum-like anchor store on eBay.”

     

    Even funnier is which one Buy put at the top of the list; major online retailers apparently are smart enough to distinguish the wheat from the chaff, after all. But, the real question is, now that Visa’s online digital wallet, V.me, is available (MasterCard’s offering still on the way), how much longer will that PreyPal logo continue to appear at all? Any one want to take bets on a time frame?

     

    Goodbye clunky PreyPal, it has not been nice knowing you …

     

    eBay / PayPal / Donahoe: Dead Men Walking
    18 Jul 2012, 12:40 PM Reply Like
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