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Visa (V) CEO Charlie Scharf suggests his company plans to join MasterCard in placing fresh...

Visa (V) CEO Charlie Scharf suggests his company plans to join MasterCard in placing fresh transaction fees on PayPal (EBAY) and other online payment services deemed to be digital wallets. "I think it is totally appropriate to do that." Wedbush's Gil Luria isn't surprised. "This is a fully functioning duopoly. When one does something, the other one follows suit." Concerns about fresh fees from transaction processors have already pressured eBay shares.
Comments (3)
  • I never understood why people would want to buy EBAY shares (which are pretty much totally valued on what paypal offers, considering the relatively lack of ebay's differentiating product) when paypal STILL depends on the credit card processors if people don't link to their bank accounts.

     

    V and MA are a vertitable duopoly and it's been great for long-term shareholders in those companies.

     

    Disclosure: Long V/MA
    21 Mar 2013, 10:08 AM Reply Like
  • Agree with your comments totally. What really surprises me is that no one has successfully competed with EBAY starting another auction site based on cutting the selling fees. Between Ebay and PayPal fees AND the fee you now pay on shipping I consider it a rip off.
    21 Mar 2013, 11:19 AM Reply Like
  • Amazon is competing with them, hence why Ebay recently lowered fees

     

    http://tcrn.ch/WOCRB2
    21 Mar 2013, 04:22 PM Reply Like
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