John Pseudonym

Amazon Takes On eBay’s PayPal With New Service

I own/run several ecommerce sites that use PayPal.

I just checked the Amazon pricing for this and I instantly come away with "no thanks".

The rates are pretty much the same as paypal - so no real incentive for me to recode all of my sites.

Here's the deal killer for me, I spend the money in my paypal account through my paypal credit card which gives me a 1.5% instant rebate.

So my net rate at PayPal is 1.4% + .30 per tranaction.

Even at the 100K a month level, I will lose money using the Amazon system.

Do these people understand anything about the payment market?

Here's the details that are sorely missing from this story:

https://payments.amazo...

For now, Amazons new system is a YAWN!

It will take some business away from PayPal as many people hold an all out hatred towards ebay and Paypal. So ebay stock looks to be the loser here as they depend on PayPal to make up for the mismanagement of Donahoe.

At These Prices, eBay Is a Steal

Along with other recent ridiculous policy changes, eBay instituted a hefty fee increase on items sold.

Why hasn't profit exploded?

Because less expensive items are being offered and sold at the site.

They have just killed the last plan of driving out the 99 cent sellers and bringing in more $1000 item sellers.

Instead, they less of both.

It's a ship of fools!

At These Prices, eBay Is a Steal

eBay wants to be Amazon.

So they but a deal with Buy.com.

Now, 1 in 33 listings at ebay is from BUY (Buy.com)

So instead of earning listing plus final value fees of 8.75% from a bunch of smaller sellers, ebay earns just 1.5% and no listing fees from BUY.

That's a major drop in profit.

eBay wanted to replace 1000 sellers with one big one to improve buyer "experience" by having more "real" companies sell.

But "real" companies are not willing to pay eBays insane fees. So eBay had to cut a deal.

BUY's feedback score is consistently dropping (negative buyer experience) and ebay is making far less money on each sale.

Donahoe is an idiot.

EBay Beats Street, But Q3 Looks a Bit Light

July 16th, 2008

1 in 33 listings on eBay is Buy.com under the user ID Buy.

They list for free with a final value fee of 1.5%

Blodget Thinks eBay Looks Cheap; We Disagree

Ebay is abandoning it's roots.

Recently, a deal was cut with Buy.com and currently "Buy" accounts for about 1 in 25 listings at ebay.

While the terms of the "deal" were not disclosed, ebay admits to a mutually profitable arrangement with Buy and intends to make these arrangements with other mega sellers.

The rumor is that Buy lists for free and that final value fees were cut so that actual or Free shipping could be offered.

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eBay is actively driving out small sellers in order to improve "buyer experience" by having more "real companies" selling items on ebay rather than the average Joe selling out of his garage.

This has sent a wave of anger through the seller community. It's really just a disaster in the making.

First, sellers at ebay are also buyers. So ruining their businesses is hardly a way to install loyalty.

Second, large sellers like Buy also have websites to sell through. Invoices, customer service, everything tells you that buy.com exists when you buy from buy at ebay.

So, in effect, buy.com is using ebay to drive customers to it's website where they can avoid the ebay cut on future sales.

In the short run, ebay makes money. But in the long run buy.com gains a tremendous number of new customers while sales at ebay are flat or decline.

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Second, ebay opens the door for other sites like Ioffer.com and ecrater.com

These sites are growing like crazy as ebay sellers search for other alternatives. It will take time for the shift to occur, but eventually ebay will not be the "go to" site for auctions. Instead, they'll just have a handful of mega sellers selling stuff I can buy anywhere (and often at a better price).

Innovate or Die: eBay at a Crossroads

online.wsj.com/article...

Innovate or Die: eBay at a Crossroads

I love this...WallyWorld is invading ebay's turf...Time for more "Disruptive Innovations"?

eBay's Donayahoo is such a loser.

Innovate or Die: eBay at a Crossroads

<img src="www.medved.net/ebayper..." alt="">

Innovate or Die: eBay at a Crossroads

So many mistakes at ebay.

They are forcing out small sellers and they are leaving on an ugly note. A lot of sellers are buyers too, so now you have less sellers and buyers.

Ebay is nuts; like the internet needs 2 Amazons.

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Instead of all these ridiculous "Disruptive Innovations", eBay should have put it's full weight into stopping scams.

Scams and sellers selling junk to unsuspecting buyers are the biggest problems and the #1 reason I haven't bought anything in 2 years after years of buying at least once a week.

I now shop at Amazon, Buy.com and Overstock. Use Craigslist a lot too.

I find that eBay is the LAST place I look for something. And when I do look there, it's solely a price check. Is an honest merchant offering it for less than what I've found so far? 99% of the time the answer is no!

Does this chart look promising to you?

www.medved.net/ebayper...

eBay's Looming Identity Crisis

"recession hits"?

More like deepens...

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5 years ago, you could find people that didn't know what ebay is.

Today, you'll have a hard time finding someone that hasn't had a bad experience there.

eBay's Looming Identity Crisis

Actually, the opposite is true about cleaning out basements.

The buyer traffic at ebay has dropped to the point where going through all the trouble of listing stuff in your basement isn't worth the effort. Instead, people are going back to old fashioned garage sales.

eBay's Looming Identity Crisis

I should also add the the reality of ebay in 2008 is that nearly any item I need can be purchased locally for the same or even less cost.

Ebay is only good for the odd, hard to find stuff. Of which the listings are dwindling because those listers tend to be small sellers and ebay is driving out small sellers with their insane policies.

Ebay is on it's way to becoming a mega-mart full of overpriced items I can buy locally for the same or less...not a good business plan.

eBay's Looming Identity Crisis

My 5 year old is smarter than the CEO of ebay.

Last year we we're bidding on something she wanted.

I asked her how much we should bid.

She replied "$1000".

I laughed and said "$1000?", we can buy it at Target for $20.

She replied, "well, let's go to Target then"; and we did...

eBay Motors Experiencing Slump in Auto Demand

I have also stopped selling there, and more importantly, stopped buying there.

Ebay behavior towards Craigslists was the final straw for me. It's been 6 months since I've bought something on ebay and I don't even bother looking anymore.

I check ioffer.com first then Amazon, etc.

eBay: Expecting Downside as Piper Eliminates 'Top Pick' Status

7 replies to this article and all with no love for ebay.

That tells me something right there...

Where are the glowing comments about the great deals, service and experience people have had at ebay?